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Xist · 11-17-2018, 05:47 PM

Arizona Public Service is the largest electric company in Arizona and as of Halloween they spent over $30 million fighting the solar power bill. The California billionaire spent almost $24 million promoting it: https://www.pinalcentral.com/arizona...3892d05c9.html

$54 million could have bought a great many solar panels.

The APS ads claimed that California's electricity was horribly expensive because of solar power, but I shared a source stating that PG&E raised prices to pay for maintenance, did not do the maintenance, was fined, and passed the fine onto customers.

APS had a net income of $442 million last year. https://www.bizjournals.com/phoenix/...nue-lower.html

"PG&E said its 2017 net profit was up 18 percent from a year earlier at $1.65 billion" https://www.mercurynews.com/2018/02/...ildfire-costs/

So, these companies made over $2 Billion in profits last year, at the cost of the environment, and consumers.

How do we fix that?

Prop 127 would have coerced APS to invest in solar, but APS would have passed the cost onto consumers, undoubtedly trying to prove voters made a mistake.

Companies need to stay profitable to stay in business, but I do not know how to guarantee profits, while benefiting more than stockholders.

Can you start your own power company?

11-17-2018, 05:47 PM	#3787 (permalink)
Xist Not Doug Join Date: Jun 2012 Location: Show Low, AZ Posts: 12,186 Chorizo - '00 Honda Civic HX, baby! :D 90 day: 35.35 mpg (US) Mid-Life Crisis Fighter - '99 Honda Accord LX 90 day: 34.2 mpg (US) Gramps - '04 Toyota Camry LE 90 day: 35.39 mpg (US) Don't hit me bro - '05 Toyota Camry LE 90 day: 29.44 mpg (US) Thanks: 7,225 Thanked 2,217 Times in 1,708 Posts	Arizona Public Service is the largest electric company in Arizona and as of Halloween they spent over $30 million fighting the solar power bill. The California billionaire spent almost $24 million promoting it: https://www.pinalcentral.com/arizona...3892d05c9.html $54 million could have bought a great many solar panels. The APS ads claimed that California's electricity was horribly expensive because of solar power, but I shared a source stating that PG&E raised prices to pay for maintenance, did not do the maintenance, was fined, and passed the fine onto customers. APS had a net income of $442 million last year. https://www.bizjournals.com/phoenix/...nue-lower.html "PG&E said its 2017 net profit was up 18 percent from a year earlier at $1.65 billion" https://www.mercurynews.com/2018/02/...ildfire-costs/ So, these companies made over $2 Billion in profits last year, at the cost of the environment, and consumers. How do we fix that? Prop 127 would have coerced APS to invest in solar, but APS would have passed the cost onto consumers, undoubtedly trying to prove voters made a mistake. Companies need to stay profitable to stay in business, but I do not know how to guarantee profits, while benefiting more than stockholders. Can you start your own power company?