Pity the poor investor-owned electric company reps, who took the hot seat before a state watchdog panel Thursday as “We’re mad as hell and we’re not going to take it anymore!” seemed to echo in the background.
“Why are the investor-owned utilities so much more expensive than the publicly owned utilities?” asked Anthony Cannella, vice chair of the Little Hoover Commission. Sometimes they’re almost 50 percent higher; sometimes nearly double.
Well! The very pleasant Shilpa Ramaiya of Pacific Gas & Electric and Adam Smith of Southern California Edison set about answering as best they could — but there wasn’t necessarily a lot of empathy.
Billions for wildfire mitigation! they said. Sprawling territories! The cost of borrowing to fund infrastructure improvements, and of “public purpose programs” (like discounts for low-income folks), and of subsidizing rooftop solar owners (which some say shifts $8.5 billion a year to the bills of non-solar household bills, and which the solar industry says is fiction)!
PG&E’s Ramaiya even shared a breakdown of what makes up our electric bills on our man George Washington.
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