Regulated utility business model ultimately may be to blame for PG&E Chapter 11 filing

摘要

Actions taken - or not taken - over past decades by the California state legislature; its regulator, the Public Utilities Commission; and local communities have left investor-owned utilities operating under a flawed business model that led, at least in part, to PG&E Corp.’s recent bankruptcy and could cripple other IOUs, according to longtime analysts in the state.