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In theory rate hikes have to go through California regulators but, at the same time, the company is allowed a certain rate of return. In practice I have no clu
by bcrosby95 5y ago
In theory rate hikes have to go through California regulators but, at the same time, the company is allowed a certain rate of return.
In practice I have no clue how it works out though.
- tomrod 5y agoTypically in markets like CA and TX you will have a rate case go to the public utility commission. I'm more familiar with Texas' approach (it was a data source for my dissertation); the idea is to let the companies charge enough to cover reasonable costs.