PG&E, SoCal Edison and SDG&E Push to Boost Shareholder Profit



Critics argue that the CPUC shouldn’t agree to the utilities’ proposals because of how AB 1054 weakens the standard for holding the companies accountable when their equipment causes fires.

“AB 1054 gives away the whole store to the utilities financially,” said Loretta Lynch, former president of the CPUC. “They’re playing a shell game with financial concepts, using the guise of wildfire risks to pump up their profits.”

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