Posts Tagged: IOUs
On the final day of the legislative session, Gov. Newsom signed a complex, $21 billion bill that will dramatically change how California pays for future wildfire damages, with the customers and shareholders of California’s largest utilities covering the tab. The unprecedented measure seeks to stabilize the utility market and limit rate hikes, while establishing a blanket of financial security and compensation to victims of the devastating 2017-2018 fires.
OPINION: California is a national leader in clean energy. Contrary to the perspective of advocates for Community Choice Aggregators (CCAs), the question before the California Public Utilities Commission (CPUC) on Sept. 27 is not whether our state will continue to lead the nation in renewable energy, but whether all customers will contribute equitably to the costs of those investments and to system-wide electric reliability.
While utility responsibility related to California’s devastating wildfires is dominating headlines and the agendas of policymakers, flying below the radar is a pending decision from the California Public Utilities Commission to change the formula for a fee charged to energy consumers who leave the power supply of investor-owned utilities (IOUs) like PG&E and instead get power from local community choice aggregation programs, also known as CCAs.
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