Robert Bush 11:18 p.m., May 25
Meeting Tonight on SDGE's Huge Profits
Officials of the California Public Utilities Commission (CPUC) will hold a meeting tonight at 7 p.m. at Al Bahr Shriners Hall, 5440 Kearny Mesa Road, for a discussion of SDGE's profits. The public is invited. According to the Utility Consumers' Action Network (UCAN), a study shows that SDGE charges the highest rates in the nation. Yet the company, a wing of Sempra Energy, seeks an 11% guaranteed profit in current hearings before the CPUC. A recent study by The Utility Reform Network (TURN) indicates that an 11% annual return would cost the average ratepayer $600 a year.