PG&E is a public utility. Everything they do down to department budgets are decided by state regulators. I imagine almost everyone on this board already knew that PG&E was a publicly traded company. But just because they are a publicly traded company, that doesn't mean that they get to do anything they want. It just means their stock can be bought and sold by others, in the case of PG&E its mostly owned by public sector union pension funds. So it is a quasi-public utility owned by government workers in a highly regulated market. The idea its some sort of paragon of capitalism is absurd. Just about anything they do can be traced back to a decision made by an appointed state government body.

The rates that PG&E charges are also decided upon by the regulators. So no, what you say isn't correct. In fact, the people who decided to cut the tree trimming budget, those were appointed state regulators. And that decision led to the increase in fires.