NEWS: California lawmakers are looking to rein in utility spending as energy costs skyrocket.

Surf's up, bills up: CA residents face power bills around 2X above the national average. Now, state Democrats want to change that. Their proposed legislation would: 1) Order utilities to prove they’re utilizing grid assets before building new infrastructure 2) reduce utility ROE on less-risky investments and 3) direct the state PUC to create performance-based metrics, among other measures.

This week, clean energy and environmental groups penned a letter in support of the bill: “Regulators, policymakers, and all Californians deserve clear, publicly accessible information about how efficiently the distribution grid is being used before building new infrastructure,” they wrote.