When I was in CA this is how it worked. OMG water shortages. Everyone must cut their water usage or you’ll have premium higher pricing. Most people cut. Then water companies came back and OMG we can’t operate on this revenue. We must raise prices!
So basically they cut consumption, couldn’t be profitable at that level of usage, and raised prices to make up for cut consumption.
And when people cut usage the water pressure went up and LA had old water mains bursting all over the place. One even flooded Pauley Pavillion at UCLA.
No kidding, PG&E went bankrupt over this. Given potential bankruptcy over liability claims, I would be shutting down power as well.
but if power companies go out of business that means more less-expensive electricity for everybody, right?
When I was in CA this is how it worked. OMG water shortages. Everyone must cut their water usage or you’ll have premium higher pricing. Most people cut. Then water companies came back and OMG we can’t operate on this revenue. We must raise prices!
So basically they cut consumption, couldn’t be profitable at that level of usage, and raised prices to make up for cut consumption.
And when people cut usage the water pressure went up and LA had old water mains bursting all over the place. One even flooded Pauley Pavillion at UCLA.
The path to hell...