California Regulator to Reduce Utility Company Profits but by Less than Proposed

California regulator to reduce utility company profits but by less than proposed

State regulators vote to keep utility profits high, angering customers across California

The California Public Utilities Commission voted 4 to 1 on Thursday to keep profits at Southern California Edison and the state's other big investor-owned utilities at a level that consumer groups say has long been inflated

State reins in profits for PG&E, other utilities, as bill debate rages

OAKLAND — State regulators Thursday reined in the profit returns that shareholders of PG&E and other utility providers can harvest, a decision that failed to quell a debate over whether customers can easily afford to pay their monthly electric and gas bills. The state Public Utilities Commission voted 4-1 to approve slightly lower rates of return for shareholders starting in 2026 compared to current levels. “Today’s decision does not set rates, …

California utilities will keep almost all profits as regulators ease up. They’re still upset

Utilities say that a high potential rate of return for shareholders is important to secure the funding needed for infrastructure projects.