Saturday, September 29, 2018

New California law lets utilities pass costs for their mistakes onto customers

A new law in California lets utility monopolies bill customers to cover legal settlements resulting from last year's disastrous wildfires.

The supposed purpose of this law is to prevent Pacific Gas & Electric from having to file for bankruptcy when it's found that its faulty equipment caused the deadly fires. In other words, PG&E will be able to evade being held accountable for its irresponsible behavior.

Courts have rightly ruled that utilities are responsible for wildfires caused by their equipment. This ought to be considered one of the most basic theories of law. It ought to mean the utilities - not their customers - pay. But this law will let PG&E add a surcharge to customers' bills for the next 20 years.

The era of easy money for monopolistic corporations must end.


No comments:

Post a Comment