PG&E fiddling as the grid burns?

[qi:_earth2tech] Om’s post about the power grid as the Web’s weakest link got me thinking about where utilities like PG&E are spending their money if it’s not going into capital expenditures to fix the cables that are decaying beneath our feet. I singled out PG&E because it oversaw the crippling outage yesterday and because, with a billion dollars in profits, it should have had enough money to invest in capex. Continue Reading.