A distribution grid for 40 million people in a high fire risk geography [1]. Renewables drive down supply costs, but not distribution costs (unless you can go off grid, etc). They could also improve costs by nationalizing PG&E (I argue, cutting out shareholder returns and excessive management comp), but that is an argument for another thread [2].

[1] https://hn.algolia.com/?dateRange=all&page=0&prefix=false&qu...

[2] "Where’s all the f&$#ing money going?" The Waste and Costs of American Utilities - https://www.thebignewsletter.com/p/wheres-all-the-f-and-ing-... - May 22nd, 2026