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Profits over public safety. The Spirit of Project 2025
Posted on: January 9, 2025 at 14:00:17 CT
JG MU
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https://www.canarymedia.com/articles/utilities/california-lawmakers-punt-on-chances-to-deal-with-utility-bill-crisis
Heading into the session, advocates pushed for an affordability package they said would achieve an estimated $1 billion in first-year cost reductions for customers of Pacific Gas & Electric, Southern California Edison, and San Diego Gas & Electric. These two policies — securitization and wildfire mitigation oversight — accounted for roughly half of the expected savings, according to news reports citing anonymous sources close to the negotiations.
And unlike a controversial proposal to shift roughly $500 million from existing programs to provide one-time rebates to customers — the goal of AB 3121, a bill that also failed to pass in the session’s final days — securitization and wildfire mitigation oversight represented an opportunity for long-term cost savings, Toney said.
“The short-term stuff was small potatoes, let’s be honest,” he said, referring to AB 3121. The potential payoff from tackling wildfire mitigation and grid costs, on the other hand, “was big.”
These policies faced a major obstacle, however: They would reduce profits for the state’s politically influential utilities.
by by all means the problem was not enough white he men are firefighters
Edited by JG at 14:01:27 on 01/09/25
Heading into the session, advocates pushed for an affordability package they said would achieve an estimated $1 billion in first-year cost reductions for customers of Pacific Gas & Electric, Southern California Edison, and San Diego Gas & Electric. These two policies — securitization and wildfire mitigation oversight — accounted for roughly half of the expected savings, according to news reports citing anonymous sources close to the negotiations.
And unlike a controversial proposal to shift roughly $500 million from existing programs to provide one-time rebates to customers — the goal of AB 3121, a bill that also failed to pass in the session’s final days — securitization and wildfire mitigation oversight represented an opportunity for long-term cost savings, Toney said.
“The short-term stuff was small potatoes, let’s be honest,” he said, referring to AB 3121. The potential payoff from tackling wildfire mitigation and grid costs, on the other hand, “was big.”
These policies faced a major obstacle, however: They would reduce profits for the state’s politically influential utilities.
by by all means the problem was not enough white he men are firefighters
Edited by JG at 14:01:27 on 01/09/25
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Profits over public safety. The Spirit of Project 2025 - JG MU - 1/9 14:00:17