Lawsuit alleges PG&E boss admits Prop. 16 is meant to thwart competition

[Ernesto]

.... "A coalition of locally owned public utilities, including the Sacramento Municipal Utility District, are claiming that Pacific Gas & Electric Corp. Chairman Peter A. Darbee essentially admitted at a March 1 investor conference that Proposition 16 is designed to choke off competition."....

http://www.sacbee.com/2010/04/29/2715486/lawsuit-alleges-pge-boss-admits.html

[OffWithTheirHeads]

1. No shit?

PG&E is as preditory as the banksters. Prop 16 is the PG&E profit protection plan.

[JDPriestly]

2. Prop. 16 has to be a joke. What fool would vote for that?

Have we totally forgotten Enron? Ridiculous.

[KamaAina]

4. But, but, but it's the Taxpayers Right To Vote Act!

And it's our money and no vote! And that woman looks so adorable in that meadow filled with flowers!!

:sarcasm: :sarcasm: :sarcasm:

[Iggo]

5. Poppies...poppies...poppies...

[Ernesto]

3. Sac Bee opinion

1. Proposition 16 – This is nothing less than an attempt by Pacific Gas and Electric to lock its monopoly status into the state constitution. Public power agencies would face an incredibly high bar – a two-thirds vote – to expand service and offer cheaper rates to businesses and other customers in PG&E territory. If this initiative passes, it will affirm that would-be monopolies can use their wealth to effectively buy an election. Other corporations are watching and will be close behind them.

Read more: http://www.sacbee.com/2010/06/06/2799786/5-reasons-your-vote-could-count.html#ixzz0q7DuAncV