Legislative Efforts and Proposals
lawmakers have advanced bills aimed at reducing utility profits and electricity bills, focusing on infrastructure funding and wildfire prevention measures.
The proposed reforms include mandatory public financing for the first $15 billion of utility capital projects and increased oversight on wildfire spending, aiming to save customers $8.8 billion over ten years.
Opposition and Concerns
Critics, including Republicans and the , argue the reforms won't effectively lower costs and could hinder utilities' investments in wildfire prevention and grid enhancement.
Despite the proposed changes, concerns remain about the state's ability to fund a new state-backed fund for reimbursing utilities for wildfire projects, amid fiscal constraints.