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PG&E Corporation Message Board

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  • RopertheInterloper RopertheInterloper Oct 21, 1999 1:06 PM Flag

    Block Trade

    Who do you think the regulators work for?
    Shareholders?

    Sorry dude, you're as confused as the beeguy.
    Regulators are there to look out for the interests of the
    people who pay the bills.

    For months, public
    analysts, such as Merrill Lynch have projected this
    outcome...not because they called the ALJ, but because they
    read the filings and could see that PG&E did not
    justify its requests. and was trying to move old costs of
    generation into its distribution budget. As for statements
    that leftists are not giving the company the money to
    do the job...well, PG&E got hundreds of millions of
    dollars built into AB 1890 to upgrade maintenance (net
    $240 milllion in 1997-98) BUILT INTO
    RATEBASE.

    In prior years, the utility took such funds and
    instead of doing tree-trimming and other work, moved it
    into management bonus accounts.

 
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