I can’t believe the California Public Utilities Commission is allowing these PG&E executives to flee the sinking ship and keep their ill-earned bonuses and incentive packages. The CEO is leaving with his $35 million retirement bonus while the San Bruno victims continue to wait for a monthly handout. PG&E now wants to employ set-aside accounting so it can bill ratepayers for its mismanagement of the San Bruno gas explosion.
The CPUC has the responsibility to stop procrastinating and instruct PG&E to restructure the company and its finance balance sheet to meet its future obligations without adding a penny to the ratepayers’ obligations. Any obligations related to downtown electrical vault explosions, gas-pipe explosions, deferred system maintenance or the next set of utility calamities should be at the expense of the stockholder-owners.
New insurance premiums or rate increases related to all these problems should be set aside and covered by the owners as well.
R.E. O’Leary, San Francisco
Fatal psychiatric cocktails
I read the Friday San Francisco Examiner crime story “Motive unknown in SJSU shootings,” and here’s a tip on how to figure out that motive. Find out who the shooter’s psychiatrist is. I am willing to bet he was under psychiatric care. Then find out what medication or cocktail of medications he was on.
When you hear of a senseless “no motive” killing, just look behind the scenes to find what psychiatrist loaded up the killer with drugs. Once you look at the actual horrendous statistics of senseless violence committed while under psychiatric medications you can connect the dots and see that psychiatric drugs make killers out of ordinary people.
Dennis Negley, San Francisco
Taxpayers’ lack of choice
Warren Hellman’s Thursday op-ed stated that one of the ways The City’s pension fund covers its liabilities is money contributed by city government. This is badly misstated. Every dollar The City contributes has to be confiscated from someone. Taxpayers are contributing the money and, unlike customers, cannot stop paying if the cost becomes too high.
No city employee has to contribute to my pension by buying what I work to produce, but I have no choice but to contribute to their pensions with high sales taxes and high property taxes. This is a sure recipe for out-of-control costs.
Leslie Mangus, San Francisco