SageBrush
REJECT Fascism
Understood, but the utilities have a long and wretched history of using reasonable arguments for unreasonable monopoly gouging and abuse of the 10% ROI provision. Abuse, as in building assets that are poorly considered.Not having a standby charge would be wrong. The connection is analogous to renting a generator. You wouldn't expect to get the generator provided and maintained for free and only to have to pay for the fuel.
For me, the bottom line is I trust them to be scum so I would not hand over a blank check. And no, the PUC is not an effective gatekeeper because they are too often manned by politicos, rather than technocrats with the community interest in mind.