opinions

California legislators prepare to vote on a crackdown on utility spending

Font size+Author:Worldly Web news portalSource:sport2024-05-21 06:51:27I want to comment(0)

SACRAMENTO, Calif. (AP) — A crackdown on how some of the nation’s largest utilities spend customers’

SACRAMENTO, Calif. (AP) — A crackdown on how some of the nation’s largest utilities spend customers’ money faces a do-or-die vote Monday in the California Legislature.

Californians already pay some of the highest electricity rates in the country, in part because of the expensive work required to maintain and upgrade electrical equipment to reduce the risk of wildfires in a state with long, dry summers.

As rates continue to climb, utilities like Pacific Gas & Electric, Southern California Edison and San Diego Gas & Electric have faced increasing scrutiny from consumer groups over how they spend the money they collect.

Utilities aren’t allowed to use money from customers to pay for things like advertising or lobbying. Instead, utilities must pay for those activities with money from private investors who have bought stock shares.

Consumer groups say utilities are finding ways around those rules. They accuse them of using money from customers to fund trade groups that lobby legislators and for TV ads disguised as public service announcements, including some recent ads by PG&E.

Related articles
  • Young Boys seals 6th Swiss soccer league title in 7 years after rallying from firing coach Wicky

    Young Boys seals 6th Swiss soccer league title in 7 years after rallying from firing coach Wicky

    2024-05-21 06:31

  • Paige VanZant claims Dillon Danis asked her to 'peg him' as her husband challenges him to fight

    Paige VanZant claims Dillon Danis asked her to 'peg him' as her husband challenges him to fight

    2024-05-21 05:18

  • NYPD body cameras show mother pleading “Don’t shoot!” before officers kill her 19

    NYPD body cameras show mother pleading “Don’t shoot!” before officers kill her 19

    2024-05-21 04:53

  • Heartstopping moment five year

    Heartstopping moment five year

    2024-05-21 04:17

Netizen comments