AND HERE, MY FELLOW FREEPERS, IS THE REASON WHY 👇👇👇
According to Severin Borenstein, one of the report’s co-authors and a professor at the University of California, Berkeley, electricity prices in the state are so high because utility companies are also paying for damages from wildfires and subsidies for rooftop solar panels, among other costs. They make up for these expenditures by raising the price for electricity use.
Pacific Gas & Electric, Southern California Edison and San Diego Gas & Electric, the state’s three largest utilities, said in a joint filing that the income-based charge was “urgently needed to support achievement of the state’s decarbonization goals”.
When I was a kid, this kind of liberal crap was called thievery. Somebody needs their asses kicked and thrown in jail. This friggin’ idea is so unAmerican. The best way to make this right is by making all politicians pay 45% of their income for electricity.
They state has imposed so much regulatory crap on them that they have to find suckers the pass on the cost to so the shareholders don’t revolt and the state does not mind “killing the cow” that pays the bills.
they already have relief for low income households
https://www.cpuc.ca.gov/industries-and-topics/electrical-energy/electric-costs/care-fera-program
https://www.csd.ca.gov/pages/liheapprogram.aspx
high income 24% increase in Commifornia
Although wildfire liability costs (mostly PG&E) have jacked up electricity rates, the cause of this “tiered base flat rate + usage” proposal is California Assembly Bill 205 passed last year. See this April FR thread:
https://freerepublic.com/focus/f-chat/4148756/posts
Bill text:
https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=202120220AB205
Additional:
State Farm, Allstate and Oregon Mutual have stopped writing consumer policies in Kalifornia due to fire hazards. I think we might be seeing the the beginning of the end???
California once led the nation in just about everything.