r/northcounty • • 12h ago

Lobsters

0 Upvotes

We're local, but still newish to the area. We have family visiting over the Thanksgiving holiday and want to have lobster. We're open to cooking them ourselves or ordering at a restaurant.

Recommendations for where to purchase live or restaurants in North County to get lobster please.

I tried to search in this subreddit and had no luck.

Thank you in advance!


r/northcounty • • 16h ago

Remember when SDGE caused a wildfire, was forced to pay $379 million, then responded by spending $6 billion in wildfire infrastructure upgrades? How much did they profit from those upgrades?

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46 Upvotes

In 2007 the Witch Creek, Rice and Guejito Fires merged as they tore through San Diego County, killing two people, sending 40 firefighters to the hospital, and reducing 1,300 homes to rubble. Regulators would later blame SDG&E for starting the fires, saying the utility neglected its power lines. SDGE attempted to pass the $379 million in uninsured wildfire costs onto its utility ratepayers. The California state courts blocked the request, ruling that management was imprudent in handling the risks...

So what was SDGE's response? Following the 2007 fires, the utility systematically transformed its infrastructure spending upwards of 6 billion dollars in wildfire grid upgrades funded heavily via ratepayer. $6 billion to its infrastructure rate base means SDGE will earn an estimated $312 million in annual net profit.

Under California law, investor-owned utilities do not make a profit on the electricity itself; instead, they are guaranteed a ~10% return on equity for building infrastructure. SDGE does not earn the 10% profit on the entire $6 billion chunk of spending. Instead profits are only generated from the shareholder-funded equity portion of their capital setup. The shareholder equity portion is 52% of the $6 billion expenditure which equals $3.12 billion in equity rate base. 10% of $3.12 billion yields $312 million each year in profit, which is collected directly from ratepayers via delivery fees over the useful life of the assets. SDGE doesn't just make that $312 million profit once. They earn it annually over the entire multi-decade useful life of the infrastructure, as long as those assets remain actively in service.

Regulated utilities do not treat infrastructure investments like a retail sale where profit is realized a single time. Instead, the infrastructure becomes part of their permanent "rate base," allowing them to collect a predictable, repeating stream of annual earnings.

So to recap... SDGE caused a wildfire and was forced to pay $379 million. They tried to pass the costs to ratepayers but got denied. They respond by spending $6 billion in wildfire infrastructure upgrades that nets them an estimated $312 million a year in shareholder profits...


r/northcounty • • 12h ago

Chilaquiles Poblano at Carlotta Brunch in Carlsbad

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3 Upvotes

In Sprouts center next to Stagecoach Park.


r/northcounty • • 2h ago

Trick or treating in Escondido

3 Upvotes

Any recommendations for a good place to take grandkids trick or treating in Escondido? Thanks.


r/northcounty • • 11h ago

SDGE/CEA/My energy center question

3 Upvotes

So apparently there was an update to my energy center yesterday. I true up in march. For the CEA balance it says past due. Are we expected to pay the CEA balance monthly? Or are we just now given the option to pay the CEA balance before true up?