California Dems pass $290/year electric fee – Newsom’s donors win, voters lose

UTILITIES POST MASSIVE PROFITS – PGE, SoCal Edison, SDG&E rake in billions, still raise rates

Net profits in 2024 for each of the CA Investor Owned Utilties:

PGE: $2.475 BILION
SoCal Edison: $1.284 BILLION
SDG&E: $936 million

Can someone explain to me why these folks have to raise rates so much given their sky high net profits and monopoly status?

— Grady Joseph (@gradyjoseph) April 10, 2025