> They just wanted to continue building new natural gas plants and to fight against distributed solar.
Money for generation is an entirely different bucket of money recovered through an entirely different regulatory regime than money for distribution.
As to slow walking stuff like battery storage, why would they? PG&E earns a return on invested capital. Investing billions in batteries means more money for them.
I am talking about investing in battery installations for grid services (i.e. buying and building battery installations) instead of building natural gas peaker plants or building other more tradition infrastructure. I am not saying they should have made equity investments in battery startups.
I don't see a reason why they couldn't rate base and make a return on battery installs. Instead they only wanted to building the same stuff they always built (more power plants and more transmission).
Money for generation is an entirely different bucket of money recovered through an entirely different regulatory regime than money for distribution.
As to slow walking stuff like battery storage, why would they? PG&E earns a return on invested capital. Investing billions in batteries means more money for them.