105. The Monopoly (Pacific Gas & Electric)
Swindled
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Negligence and Systemic Failures of a Monopoly Utility Company
This chapter discusses the negligence and systemic failures of Pacific Gas & Electric (PG&E), a regulated monopoly utility company, that led to the devastating campfire in California. It highlights PG&E's infrequent inspections, run-to-failure policy, lack of maintenance and repair, and lack of shareholder incentive for safety. It also covers the aftermath of the campfire and the legal proceedings against PG&E.
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