widlfire

Wildfires and the Cost of Electric Service

It turns out, electric transmission is not as cheap as we thought it was.

Economists detest externalities – those nasty hidden costs that businesses don’t face when they sell polluting or dangerous products and services, but that are instead imposed on the public or the environment. And economists are right to be concerned. A polluter that does not pay the cost for its pollution is likely to keep polluting. …

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