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 Californiastate legislature; its regulator, the Public Utilities Commission; andlocal communities have left investor-owned utilities operating under aflawed business model that led, at least in part, to PG&E Corp.’s recentbankruptcy and could cripple other IOUs, according to longtimeanalysts in the state.