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Boosted by jwz:
GhostOnTheHalfShell@masto.ai wrote:
If I recall correctly, when PG&E was partially privatized, which is to say badly, not that I think it should’ve ever been privatized, it was split into two divisions.
One division does all the power generation and the other division handles distribution.
The set up is similar to how private equity does this sort of thing all the maintenance in debt is pushed onto the distribution side and the assholes in the generation side line in their pockets