My friend lives in Guam. Their electric price is around 0.27 per kWh. I’m getting 0.46 - 0.50 per kWh with PGE.
How is it cheaper to send refined oil by tanker to a tiny island in the Pacific than it is to get electricity in a state with massive solar, wind installs and multiple refineries?
I’m guessing public ownership of the Guam utility is part of the answer.
I heard about that. Though I think first steps are to kneecap sdge’s profitability through other measures so that a takeover is actually reasonable.