"A year after a neglected Pacific Gas & Electric (PG&E) power line sparked a wildfire that tore through northern California, presidential candidate Sen. Bernie Sanders on Thursday visited Chico, Calif., where many who fled the fire made a new home. He held a town hall the same day he released a new climate plan, in which he declared that the days of investor-owned utilities—with their profit incentives to underinvest in the electric grid and double down on fossil fuels—have to end.
He’s right: It is time for a massive public takeover of the nation’s electric grid.
The for-profit companies that reign over our energy system now have shown no meaningful sign of being willing to transform our energy system; they are much more interested in shareholder gains and business as usual. Together, for-profit utilities and fossil fuel companies have created powerful political-economic machines across the country to solidify the status quo of extraction and extortion. In contrast, democratic public ownership of our energy system could prioritize community benefit over profit, paving the way for a just and equitable energy system."
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