Under federal law, investor-owned utilities such as Pacific Gas & Electric and SoCalGas are required to use money from investors to pay for things such as brand advertisements and lobbying for legislation.
We've seen too many examples of the blatant misuse of ratepayer funds across the state from PG&E to SoCalGas, and I know that consumers are outraged by this. Like so many California ratepayers, I am disappointed that this common sense bill, which would have prevented investor-owned utility companies from misusing ratepayer money for their political objectives, died today in the Energy and Utilities Committee.
The measure was originally inspired by an investigation into SoCalGas' use of tens of millions in customer money for its fight against clean energy policy by creating front groups and launching misleading marketing campaigns to support for consequential lawsuits.
#utility-companies #political-activities #ratepayer-funds #regulations #california-public-utilities-commission
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