California's investor-owned utilities are opening up a new front in their power grabbing war against California's energy utility customers -- and that means you.
In California, profits for these investor-owned utility (IOU) monopolies like PG&E are not determined by how much energy they sell, but by how much they invest in infrastructure (transmission lines, etc.). Their return on these investments is guaranteed by state regulators. It’s no secret that every year, IOUs spend millions of their customers’ money to lobby policymakers in Sacramento to increase energy rates for customers and line the pockets of their shareholders. That’s their business model, and it’s been working out well for them, until now.Read more