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Fools Gold: Newsom’s Bailouts, Beijing, and Broken California Dream | 3.16.25

Morning Wire

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Bailouts and Conflicts: The Troubling Relationship Between California Utilities and Governance

This chapter examines the contentious bailouts for energy companies like PG&E following severe wildfires, focusing on the implications for taxpayers and victims. It also highlights systemic issues within the Public Utility Commission, revealing a concerning nexus between regulators and utility companies.

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