With its latest effort at corporate lawmaking, AB 33 (Quirk) and SB 1088 (Dodd), PG&E seeks a bailout for wildfire liability costs and a blank check for rate hikes for anything it labels as “safety.” Customers, rather than investors, would be on the hook for billions in liability costs.. TURN and other consumer representatives would be shut out, unable to hold utilities accountable for spending or stop rates for essential services from skyrocketing, threatening vulnerable communities and consumers.
With this blank check would come a deterioration of safety standards. Longstanding requirements for shareholders to cover the cost of utility mismanagement, which protected consumers after PG&E’s criminal negligence in San Bruno, would be eliminated. In fact, under AB 33, PG&E would avoid accountability for not only the 2017 wildfires but also future ones.
If you can’t afford a blank check that would provide safety for shareholders, not communities, and if you want existing safety standards heightened, rather than abandoned, please join us in opposing the latest effort at corporate lawmaking by felon PG&E.
PG&E’s agenda doesn’t protect your safety but does protect the company’s bottom line:
- Customers would not longer be protected from costs of utility mistakes, mismanagement or imprudence.
- Shareholder profits would be safe.
- Groundbreaking safety requirements currently in progress would be gutted.
Learn more: Facts on PG&E Backed SB 1088