> We need laws that prevent government employees from directly or indirectly investing in utilities.

> The California Public Employees' Retirement System for example directly holds over 6.4 million shares of PG&E, and an additional 52 million shares via intermediaries.

This seems.... good?

Put it like this - would you prefer public employee's retirement scheme did Nnot hold shares in it?

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mike_d 3 days ago | parent | next [-]

> Put it like this - would you prefer public employee's retirement scheme did Nnot hold shares in it?

Yes? Regulators should not financially benefit from doing or not doing their job.

	▲	ethbr1 3 days ago \| parent [-]
		Also, other government employees who work with (and sometimes over) regulators. It's a clear conflict of interest, in the same way post-regulator industry employment is.

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rkomorn 3 days ago | parent | prev [-]

I'm guessing the argument would be whether that gives PG&E the right incentives or oversight.

I don't think it would seem good If the government were inclined to favor PG&E over consumers because "it's better for government employees", for example.

	▲	3 days ago \| parent [-]
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