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Newsom makes last-minute push to help California utilities facing wildfire bills
- newsomix9xl 2mo ago"The state’s three investor-owned utilities, Pacific Gas & Electric, Southern California Edison and San Diego Gas and Electric, aren’t in imminent financial danger and last year saw profits rise. But fire costs have contributed to Californians paying the second-highest electricity rates in the country, and lawmakers and Newsom’s office worry that if it becomes harder for utilities to borrow money those bills will continue to climb. " - from the article, emphasis added. Kinda speaks for itself.