Both California and New York will conduct state takeovers of their utility companies, furthering socialism and ensuring lucrative jobs and positions for family/friends and unqualified special interest groups.
PG&E - State envirowhacko forest management policy, and regulatory decisions to make PG&E expend resources in alternative energy projects instead of upgrading and maintaining transmission lines, and National Grid - refusing to serve more new customers with their aging distribution system and no gas capacity because NY refused a new gas transmission pipeline. So both governors are looking for some foolish white knight to ride in on a flaming unicorn and solve their self-inflicted problems.
Fascist takeover of what are currently over-regulated monopolies won't solve the existing government regulatory excesses.
I worked for PG&E for 35 years. The reason I went to work for them was because of their responsible, civic-minded leadership and respect for the environment. However, the whole time I worked there, PG&E was beset by attacks from all sorts of environmental groups, and politically-motivated over-regulation by the CPUC. This fight has never been over PG&E mis-management. The opponents hate the idea of a privately-owned public utility.
“Both California and New York will conduct state takeovers of their utility companies, furthering socialism and ensuring lucrative jobs and positions for family/friends and unqualified special interest groups.”
and rates will skyrocket and/or reliability will only become substantially worse ... exactly like the situation in Venezuela ...