"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."
"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. So were joy and hope. Today, we are governed by Trump's egomaniacal quest for power and revenge. His Cabinet of Clowns shows that loyalty means more than competence."
California electricity rates fell by about 2%, but that reduction fails to offset a 41% increase over three years driven largely by CPUC-sanctioned overspending on grid transmission. Transmission-line investment is characterized as the most profitable part of the investor-owned utility business. Electrification of homes and businesses is urged to reduce carbon emissions alongside continued expansion of renewable energy. The cap-and-trade program should be renewed through AB 1207, with some revenues returned to ratepayers as a dividend to support electrification. National leadership under Donald Trump is described as privileging loyalty over competence, undermining norms and public optimism.
Read at The Mercury News
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