Breaking: PG&E and Southern California Edison can't raise profit margins, regulators decide
With a 2020 shutdown deadline looming, four coastal gas plants have become an early battleground in an increasingly urgent debate.
Profit margins will stay level at 10.3% for Edison, 10.25% for PG&E, 10.2% for SDG&E and 10.05% for SoCalGas. That means for every dollar the utilities spend building electric or gas infrastructure, they’ll be allowed to charge customers an additional 10 cents or so in profits for their shareholders.
Ratepayer advocates had asked regulators to reduce utility profits, citing a long-term decline in interest rates and other factors.this month, Edward Lopez, executive director of the Utility Consumers’ Action Network, said the average shareholder return approved by utilities regulators nationwide was 9.6% in 2018. He urged the commission to perform a “reality check” by revising profits downward.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
PG&E removes California governor from $13.5-billion fire dealPG&E drops a requirement that Gov. Gavin Newsom sign off on its settlement with wildfire victims, trying to buy more time for its restructuring plan.
Weiterlesen »
Gusty winds whip through Southern California, toppling trees, big rigs and power linesLos Angeles is still feeling chilly temperatures and strong winds, and more rain is in the forecast, which may make for a soggy Christmas Eve.
Weiterlesen »
Man stuffs shrimp down pants in California grocery theftsThief stuffed total of 30 bags of frozen shrimp down his pants in back-to-back burglaries of Southern California grocery store, police say.
Weiterlesen »
U.S. judge approves PG&E deal with California wildfire victims; stock jumpsA bankruptcy judge approved PG&E's $13.5 billion settlement with victims of Californian wildfires. PG&E's power lines ignited several deadly wildfires, including last year's devastating 'Camp Fire'
Weiterlesen »
National signing day winners and losers led by Clemson, Ohio State and Southern CaliforniaThere is a second football national signing period in February, so several teams may continue to add commitments across the next two months.
Weiterlesen »