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" ... In states like Florida, where utilities remain vertically integrated monopolies, using the term “market” to describe the electric power system is arguably a misnomer. Rather than purchasing power from independent power producers through a central clearinghouse or market exchange, utilities are building their own power plants and including them as part of their ratebase. By contrast, in states where utilities are not vertically integrated, utilities rely on organized power markets to procure electric power. ... "
" ... PG&E has already practiced the “hardening” of its assets against fire risk. A month before the Camp Fire, in its November investor presentation, PG&E said it had proposed to regulators $6 billion in ratebase spending through 2023 on a fire threat reduction program including 600 hd cameras, 1,300 weather stations and “enhanced vegetation management” including a 12-foot radial clearance around poles. Other measures include insulating or burying transmission lines, and even the donation of emergency backup battery systems to nursing facilities with critical power needs. ... "