California Lawmakers Rethink Utility Profits
Irvine News Today | 2 Min News | The Daily News Now! · The Daily News Now!
Audio is streamed directly from the publisher (api.fastcast.ai) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
California lawmakers aim to reduce electric bills by reevaluating utility profits. Assemblymember Cottie Petrie-Norris introduced AB 2463, urging the California Public Utilities Commission to conduct an independent review of shareholder risks. Critics argue the current system encourages expensive investments, while consumer advocates seek fair rewards and lower rates. The bill, heading to a hearing next month, proposes a new framework to adjust returns based on real risks and performance.
Support the show
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN
[email protected]
This is an automated, high-level news summary based on public reporting.
Report issues to [email protected]
View sources & latest updates
https://sources.thednn.ai/abe0921c5cd2fc7f