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Thu, Aug 7

NEWS: California lawmakers have a radical idea for lowering electricity bills

California lawmakers have a $15B plan to cut ratepayer bills. (Canary Media)

  • The details: Two bills in the state legislature would shift $15B of utility grid expansion costs from relatively pricey investor-owned utility financing to cheaper public financing through state bonds.

  • Background: Wildfire safety upgrades and grid hardening have pushed customer bills to nearly twice the national average and left some 20% of utility customers behind on payments.

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