"California electricity ratepayers are relieved to hear that electricity rates are finally coming down. However, a modest reduction of 2% is hardly enough to make up for recent rate increases of 41% over the past three years. The CPUC-sanctioned rate increases are largely due to overspending on grid transmission lines, which is the most profitable part of the investor-owned utility business."
"A reader recently wrote that they are mourning the loss of the America they love. So am I. Our greatness has come from our enthusiasm and optimism not the negativism and division of Donald Trump's MAGA movement. Growing up, I felt the USSR was dreary and depressing, painted in shades of black and gray. Josef Stalin and his successors were ruthless dictators; the communist economy was a disaster. Party loyalty was prized over merit; individual liberty was crushed."
Electricity rates in California fell about 2% but remain approximately 41% higher than three years ago, driven largely by CPUC-sanctioned overspending on transmission lines. Overspending on grid transmission benefits investor-owned utilities and undermines affordability. Electrification and renewable energy expansion remain priorities, and cap-and-trade should be renewed under AB 1207 with part of its revenues returned to ratepayers as a dividend to support electrification. Separately, political leadership that prioritizes loyalty over competence and mounts frequent attacks on norms and the rule of law is described as crushing individual joy, optimism, and democratic values.
Read at www.mercurynews.com
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