4·
1 year agoWas in Vancouver recently and they have a system like this. Felt great just being able to double-click my phone’s power button then pay directly with Apple Pay. So easy for tourists or infrequent transit riders.
More locally, I really do think that this ‘easiness’ could encourage the transit-averse, who’d never go through the perceived rigmarole to get a ‘useless’ Clipper card, or who’d never carry it if they did, to try out transit.
That’s about $425 per resident of California, FWIW.
Net income, after expenses are completely deducted, was substantially less - $406,000. About $10 per resident of California.
If you really do want to know what the money comes from and is spent on, I’m pretty sure it’ll be in the financial reports in much more detail.
Source: https://www.macrotrends.net/stocks/charts/PCG/pacific-gas-electric/net-income