California regulators reduced the profit that utilities are allowed to make on infrastructure investments in an effort to rein in soaring electricity bills.<\/p>\n
Related: Massive Wildfire Liabilities Push Utilities to Use AI to Stop Blazes<\/a><\/p>\n The move Thursday by the California Public Utilities Commission underscores its oft-conflicting policy goals: while the state is keen for power providers to fortify a grid that\u2019s sparked catastrophic wildfires, doing so costs billions of dollars. Those expenses are typically passed on by utilities owned by PG&E Corp., Edison International and Sempra to homes and businesses. State regulators are also trying to minimize further inflation of utility bills.<\/p>\n Related: PG&E Investing $73B in Capital Spending Through 2030 to Harden System<\/a><\/p>\n On a 4-1 vote, returns for PG&E, Southern California Edison and San Diego Gas & Electric \u2014 the state\u2019s main investor-owned utilities \u2014 were set at a range of 9.78% to 10.03% compared to the national average of about 9.72%.<\/p>\n PG&E had asked for 11.3%, SoCal Edison wanted 11.75% and SDG&E called for 11.25%.<\/p>\n Copyright 2025 Bloomberg.<\/p>\n \n Topics Was this article valuable?<\/p>\n \n Yes Here are more articles you may enjoy.<\/p>\n Interested in Profit Loss?<\/p>\n Get automatic alerts for this topic.<\/p>\n","protected":false},"excerpt":{"rendered":"California regulators reduced the profit that utilities are allowed to make on infrastructure investments in an effort to…\n","protected":false},"author":2,"featured_media":35752,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[7,9,8,14047,40198,44543,20275,33749],"class_list":["post-101097","post","type-post","status-publish","format-standard","has-post-thumbnail","category-california","tag-california","tag-california-headlines","tag-california-news","tag-california-public-utilities-commission","tag-california-wildfire","tag-edison-international","tag-liability","tag-pge-corp"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/101097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=101097"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/101097\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/35752"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=101097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=101097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=101097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n California<\/a>
\n Profit Loss<\/a>\n <\/p>\n
\n No\n <\/p>\n