Groups Push Lawmakers for Utility Reforms That Could Save Californians $4 Billion a Year
Source: Redheaded Blackbelt | By Sunstone Strategies
Thirteen business, consumer, environmental and clean power groups sent a letter [on August 19] urging California Lawmakers and Gov. Newsom to prioritize reforms that could save utility customers just under $4 billion annually as negotiations continue on critical electricity affordability bills AB 825 (Petrie-Norris) and SB 254 (Becker). Many California families have watched their electricity rates double over the past decade, forcing difficult choices between paying for power and other basic needs. With 79% of California voters saying the government should do more to limit price increases by for-profit utility companies, the groups are pushing for reforms that would change how major infrastructure projects are financed, passing the savings directly to customers through lower monthly bills.
“California is facing a utility affordability crisis. We need lawmakers and Governor Newsom to prioritize reforms that will deliver real savings for utility customers, putting money back in the pockets of working families that would otherwise go toward shareholder profits and expensive financing,” said Lee Trotman, Communications Director, at TURN.
