Activists Push for Public Utility Takeovers, Experts Warn of Financial Trouble

Activists in San Francisco and New York are advocating for public takeovers of their local utilities, targeting PG&E and Fortis Incorporated respectively. However, experts warn that this could lead to financial trouble due to the volatile nature of energy prices and the potential blame for high electric bills. Instead of focusing on ownership fights, experts suggest investing in renewable energy to ensure steady, lower bills in the long run.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.