A crackdown on how some of the nation's largest utilities spend customers' money faces a do-or-die vote Monday in the California Legislature. Californians already pay some of the highest electricity rates in the country, in part because
A crackdown on how California utilities spend customers money has failed to pass the state Legislature. Investor-owned utilities aren t allowed to use money from customers to pay for things like
California's investor-owned utilities can't use money from customers to pay for things like advertising their brand or lobbying for legislation. Instead, they’re supposed to use money from private investors to pay for those things. Consumer groups say utilities are finding ways around those rules.
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California lawmakers rejected a bill that would have put restrictions on how utility companies can use customers' money following backlash to surging energy costs in the state.