Actually, for-profit utilities are probably the best solution. If governmentally run, you know service will suck, costs will rise, and you’ll simply have no choice due to the monopoly granted to it. Ie, “Don’t like it? Where else you gonna go? Haha!”. (Anyone who lives where a cableco was granted a monopoly knows this full-well.)
Anyone ever been to any government agency (DMV, Labor, etc.), like, ever? People there literally work in slow-motion that you think you’re caught up in a time-dilation bubble or something. If any government agency went private, it’d be put out of business within a year. Monopoly power, a captive audience, and backing by government force is the Perfect Storm of sloth.
Becoming a utility is simply about liability, so that in case some kid sticks a fork into an outlet and fries himself, the utility can’t be sued for supplying a “dangerous product”. It’s shielded from (most) liability in exchange for operating “for the public good”.
They still have to get permission to raise prices, etc., so they’re not run like a pharmco which could arbitrarily raise the price of its products (Shkreli, anyone?). So if anything, they have to do maintenance, upgrades, etc., only with the bux they’re allowed to collect. Kinda like a landlord who can’t raise rents at-will but still needs to maintain and keep up the building even with destructive tenants, ever-increasing taxes, and so on.
If PG&E has been “neglecting” anything, they should be able to show their books as to what they’re spending their bux on, and people should be able to have a look and see for themselves. In fact, people would have a right to see their finances.
The conflict is, for good or ill, that management has a fiduciary duty to their shareholders and stakeholders. That means, specifically, maximise profits and disburse to the s/s as a reward for investing in the company. Unless there’s an obligation to spend on X, they can’t.
So… anyone out there want to subpoena their books and see whether/not they’ve been slacking off for real? Politicians love to want to appear as Champions Of The People and hurl insults at any perceived badguy, so let one of them take up the mantle. As far as PG&E, either clear them or condemn them. 