> leading to $140-220/MWh prices for the ratepayers

I'm on PG&E, I wish I could get my electricity for only $0.14/kWh

That cost is excluding grid stability and transmission costs.

From what I’ve understood PG&E’s largest problem is the massive payouts and infrastructure upgrades needed from the wildfires, not the cost of the electricity itself.

Ain't that a direct result of them not investing in their infra for decades and all that technical debt catching up to them?