Electric Co.’s Have Credit Card, No Spending Limit, and You Pay the Bill, Study Finds

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Written By Alejandra Cruz

Source: The Orange County Register |By Teri Sforza

Jaw Drop Detail No. 1: California’s big electric companies spent more than one thousand dollars for every state resident on wildfire-related costs between 2019 and 2024.  Which is to say, a cool $40 billion, divvied up between post-catastrophe liabilities ($13.6 billion) and pre-catastrophe infrastructure hardening ($26.6 billion).

“What we have to do is to fix the broken system where there are no limits to rate hikes, no limit to how much they can ask for or how many times a year they can ask, and no limit to how much the CPUC can grant,” said Mark Toney, executive director of The Utility Reform Network, at a cyber town hall last week.

 
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Telephone/Broadband, Energy Equity, Homelessness, Rate Hikes, Sustainability, Wildfire, Accountability, PG&E, SDG&E, Southern CA Edison, SoCal Gas, AT&T, SB 24, SB 254, SB 330, SB 636, AB 1020, AB 1167, AB 1303
Template Article Title (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy)
Telephone/Broadband, Energy Equity, Homelessness, Rate Hikes, Sustainability, Wildfire, Accountability, PG&E, SDG&E, Southern CA Edison, SoCal Gas, AT&T, SB 24, SB 254, SB 330, SB 636, AB 1020, AB 1167, AB 1303
Telephone/Broadband, Energy Equity, Homelessness, Rate Hikes, Sustainability, Wildfire, Accountability, PG&E, SDG&E, Southern CA Edison, SoCal Gas, AT&T, SB 24, SB 254, SB 330, SB 636, AB 1020, AB 1167, AB 1303
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