💨 Abstract

California lawmakers are pushing bills to control utility profits and reduce electricity costs amidst steep living expenses. Proposals aim to reform infrastructure funding and oversight, requiring utilities to use public financing for capital projects and prohibiting excessive rate increases. While Democrats support these measures, Republicans argue they won't lower costs and could hamper wildfire prevention and grid improvements. Key proposals include capping rate increases and providing summer bill credits, but critics warn of potential increased costs and reduced investment in safety measures.

Courtesy: WTOP Staff