AI6YR Ben

LA Times: Electric customers to pay $9 billion more to state wildfire fund under proposed bill

"...Southern California Edison, and the state’s two other large for-profit electric companies, had been lobbying Gov. Gavin Newsom and legislative leaders, urging them to pass legislation to replenish the state’s $21-billion fund that pays for damages of utility-caused fires...."

https://www.latimes.com/environment/story/2025-09-10/electric-customers-to-pay-9-billion-more-to-state-wildfire-fund-under-proposed-bill

#wildfires #grid #California #EatonFire #PalisadesFire

Electric customers to pay $9 billion more to state wildfire fund under proposed bill

California electric customers would pay $9 billion more to shore up the state’s wildfire fund under a last-minute deal cut behind closed doors and introduced as legislation Wednesday.

Los Angeles Times
Sep 11, 2025 at 2:44amWeb
Show threadShirley EugestSep 11, 2025
@ai6yr
Thank goodness utilities aren't allowed to price gouge. 🙄
Show threadFinitumSep 11, 2025
@ai6yr at a point does it just make more sense to have power companies owned & operated by municipalities like Riverside does it?
Show threadOld Joe StalinSep 11, 2025
@Finitum @ai6yr Yes, or even better the State.
Show threadHippy SteveSep 11, 2025

@Finitum @ai6yr

I didn't know Riverside had a public utility. LADWP is pretty awesome as far as utilities go. No pre-emptive power outages because they maintain their equipment and do brush clearance. No rolling blackouts because they have a huge pumped hydro facility to store solar and supplement the grid when solar drops off. etc. etc.

It makes no sense for necessarily monopolistic ventures to be for-profit.

Show threadAI6YR BenSep 11, 2025
@exador23 @Finitum HOW ARE EXECUTIVES SUPPOSED TO PAY FOR THEIR YACHTS?!?!?!
Show threadCat WestSep 11, 2025
@ai6yr Funny how the electric companies can spend their money on bonuses and dividends first, and never quite get around to their infrastructure, that is left to fail. But customers will pay the brunt of it so they can keep giving themselves bonuses and paying out dividends and of course, purchasing legislation.