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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.

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Comments

Visduh Oct. 5, 2012 @ 4:36 p.m.

What does TURN propose that the target be? I'd suppose they want it kept to no more than about 9%.

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Don Bauder Oct. 5, 2012 @ 9:02 p.m.

I don't know the rate TURN proposes. I would guess it's lower than 9%. Best, Don Bauder

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