Los Angeles, CA – California Insurance Commissioner Ricardo Lara, who has approved $292 million in auto and homeowners’ insurance rate increases since being elected, has received a “D” average from the nonprofit group Consumer Watchdog on his first four-month report card.
Can Sacramento help wildfire victims get paid without bailing out the investor-owned utilities that claim they cannot pay for all of the wildfires they start?
The debate came to a head today in the California Senate Energy and Utilities Committee, where a parade of skeptics gave tenuous support to a proposal by the Newsom Administration. It tries to make sure shareholders pay for fires utilities start and ratepayers pay for fires where the utilities aren't at fault.
Los Angeles, CA -- In a letter to California’s legislative leaders, Consumer Watchdog today wrote that the shocking details of a utility junket in Maui with 12 state lawmakers while wildfires destroyed the state should compel new immediate online disclosures about such trips.
As wildfire victims fled for their lives in Paradise and Malibu this November, utility executives and lobbyists for California's big utilities were wining and dining 12 influential state legislators in a different paradise -- Wailea, Maui.
The New York Times broke the story about the junket and the discussion about the wildfires there, which had to include the the inevitable bailout for the utilities that helped spark the blaze.
Sacramento, CA -- In a letter to the 120 members of the California legislature, Consumer Watchdog president Jamie Court warned that a bailout of California's three investor owned utilities for causing wildfires would "almost certainly be the greatest disgrace for this legislature since its decision two decades ago to deregulate electricity and turn over our energy supply to the Enron pirates."
"The integrity, duty and reputation of this legislature should outweigh the largess these three utilities have showered upon the members of its houses," Court said.
