Death and Profits: The Utility Protection Racket by Michael Parenti

by Michael Parenti
Featured Writer
Dandelion Salad
Oct. 14, 2010

Pacific Gas & Electric (PG&E) is a multi-billion-dollar privately owned, publicly regulated utility whose main function is to make enormous profits for its shareholders at great cost to ratepayers. I know this to be true; I’m one of the ratepayers.

Better than Bernard

The California Public Utilities Commission (PUC) permits PG&E to charge rates that are 30 percent higher than the national average.

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