The decision is imminent. This is a make-or-break moment for California affordability. @californiapuc: Reject utilities' request for increased profits. Listen to the lawmakers fighting for their constituents. Choose California families.
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Just this month, Sen. @SashaReneePerez submitted a letter to the PUC urging them to reject utility proposals for further profits, pointing in particular to the impacts the increases would have on Eaton Fire victims.
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That's why @AsmCottie stepped up in March, sending a clear message to the CPUC: Utilities can earn healthy profits while keeping rates affordable. We don't have to choose between Wall Street and working families.

The impact? 1 in 5 CA households are now behind on energy bills, owing ~$900 on avg in some areas. Families are choosing between keeping the lights on and buying food.

California utilities already earn some of the highest profit margins in the nation. And rates have skyrocketed—some utilities have raised rates more than 100% in the last 10 years.

Right now, utilities are demanding HIGHER profit margins from the CPUC. They want to increase their returns, meaning more money flowing to Wall Street shareholders while struggling families foot the bill. 💰

What's being decided? The "Cost of Capital" proceeding determines the authorized profit rate that CA utilities like PG&E, SDG&E, and SoCalGas earn on their infrastructure investments.

Back in March, @AsmCottie led 38 lawmakers in urging the CPUC to reject utilities' request for increased profits. Thank you to these lawmakers for standing up for ratepayers when it matters most.
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“The CPUC has a clear choice: prioritize affordability for families, or rubber-stamp profit increases that aren’t justified. We appreciate Senator Pérez’s leadership in calling on CPUC to protect ratepayers who struggle every day just to keep the lights on” Jose Torres Affordable Energy Campaign

“Families who lost everything in the Eaton Fire—a fire likely sparked by SoCal Edison’s equipment—are now being asked to pay more to boost the same company’s profits,” said Julia Dowell, Sierra Club. "“They cannot afford to subsidize excessive shareholder returns on top of that"

“The CPUC must recognize the negative impact on not only fire victims but everyday Californians and reject this plan.” said Senator Sasha Renée Pérez.

Good news! It was signed!