California lawmakers aim to reduce electric bills by reevaluating utility profits. Assemblymember Cottie Petrie-Norris introduced AB 2463, urging the California Public Utilities Commission to conduct an independent review of shareholder risks. Critics argue the current system encourages expensive investments, while consumer advocates seek fair rewards and lower rates. The bill, heading to a hearing next month, proposes a new framework to adjust returns based on real risks and performance.
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