"Private equity groups" for the most part are only interested in milking
out assets.
PG&E was forced to sell the plants as part of the energy deregulation. One
of those bills passed by the state legislature at the last minute with few
even reading the bill. They were built as peaking plants. Only run when
you needed to.
That's not how it was presented to the Regional Siting Council which I
sat on as one of two town representatives.