electric utility companies are getting billions in revenue, yes. but not profits.How ever you want to say it is fine with me but the reality is that the utilities in California are making billions so the fact they did not take care of their infrastructure is why in this state in 2017 we had massive fires do to the above. Monopolies out of control with no oversite.
all their investment activities are being politically directed, with a chaos of negative results - wildfires due to neglected line maintenance, brownouts, etc.
all due to political misdirection and meddling.
what once was a model of utility management got taken over by those treating it as a piggybank and test kitchen for social engineering.
blaming utilities is just being a parrot of media tropes. brought to you by the very politicians that have created the problems.
I'm not saying a migration to greener energy isn't a noble goal.
but forcing it is a mistake, and the costs will multiply the problems, making political chaos a certainty.
the future is less, not more stability in our utilities and society.
don't get trapped into the belief that because you think you're the in 'the vanguard of green' that you are being righteous.
but you are being fashionable.