Quantcast
4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs

CPUC wipes away Peevey/Edison collusion, criminal investigation

Ratepayers get minor relief; law firm gets $5.4 million

The California Public Utilities Commission (CPUC) yesterday (July 26) made an unimpressive adjustment to a rape of the ratepayer that began with a secret meeting between the then-top commissioner, Michael Peevey, and a representative of Southern California Edison in a hotel in Warsaw, Poland. Peevey sketched out a document that would have ratepayers choking up $3.3 billion, or 70 percent, of the $4.7 billion decommissioning costs of the shuttering of the San Onofre nuclear plant. Subsequent lawsuits and events showed clearly tht the closing of the plant was caused by management mistakes. When management errs, shareholders, not ratepayers, should bear the cost.

Yesterday’s meeting trimmed only $750 million from ratepayer costs. San Diego attorneys Mike Aguirre and Maria Severson were awarded $5.4 million — not an excessive payment since they have worked years on the matter.

During the firestorm, the attorney general’s office raided Peevey’s home, looking for criminal violations. Investigator found documents such as his handwritten notes sketching out the ratepayer rape. But the statute of limitations ran out, leading to whispers that then-Attorney General Kamala Harris let evidence sit, She was then running for U.S. Senate, needing the support of Gov. Jerry Brown, a longtime friend of Peevey’s. She won the election and now some pols and scribes are talking about her running for president in 2020.

Charles Langley, executive director of Public Watchdogs, says, “What we are seeing is a complete failure of our regulators to enforce the law. This settlement is the approval of a criminal conspiracy…that was hatched in a hotel room in Warsaw, Poland.” If all the parties agree to the CPUC decision (that is likely), “the commission will be released from a federal lawsuit that is likely to expose criminal activity by former Commission Michael Peevey.”

The commission wiped out a proposed $25 million for greenhouse gas reserch to be performed by California universities. That was an original Peevey sweetheart arrangement.

Here's something you might be interested in.
Submit a free classified
or view all

Previous article

Small merchants in San Ysidro suffering

Border businesses hardest hit

The California Public Utilities Commission (CPUC) yesterday (July 26) made an unimpressive adjustment to a rape of the ratepayer that began with a secret meeting between the then-top commissioner, Michael Peevey, and a representative of Southern California Edison in a hotel in Warsaw, Poland. Peevey sketched out a document that would have ratepayers choking up $3.3 billion, or 70 percent, of the $4.7 billion decommissioning costs of the shuttering of the San Onofre nuclear plant. Subsequent lawsuits and events showed clearly tht the closing of the plant was caused by management mistakes. When management errs, shareholders, not ratepayers, should bear the cost.

Yesterday’s meeting trimmed only $750 million from ratepayer costs. San Diego attorneys Mike Aguirre and Maria Severson were awarded $5.4 million — not an excessive payment since they have worked years on the matter.

During the firestorm, the attorney general’s office raided Peevey’s home, looking for criminal violations. Investigator found documents such as his handwritten notes sketching out the ratepayer rape. But the statute of limitations ran out, leading to whispers that then-Attorney General Kamala Harris let evidence sit, She was then running for U.S. Senate, needing the support of Gov. Jerry Brown, a longtime friend of Peevey’s. She won the election and now some pols and scribes are talking about her running for president in 2020.

Charles Langley, executive director of Public Watchdogs, says, “What we are seeing is a complete failure of our regulators to enforce the law. This settlement is the approval of a criminal conspiracy…that was hatched in a hotel room in Warsaw, Poland.” If all the parties agree to the CPUC decision (that is likely), “the commission will be released from a federal lawsuit that is likely to expose criminal activity by former Commission Michael Peevey.”

The commission wiped out a proposed $25 million for greenhouse gas reserch to be performed by California universities. That was an original Peevey sweetheart arrangement.

Sponsored
Here's something you might be interested in.
Submit a free classified
or view all
Previous article

The Seafood la 57 mariscos truck is nothing new

A brand refresh has taken over in South Park's Target parking lot
Next Article

Lydia Loveless, Frazey Ford Live From The Commodore Ballroom, Conquer Your Fear Of Snakes

Events September 24-September 26, 2020
Comments
17

Langley says it all, and most eloquently. Hooray for the one-party system in California!

July 27, 2018

Visduh: Yes, Langley has his finger on the corruption of SDG&E, Edison, and the CPUC. There are several groups fighting the dumb and dangerous scheme to bury nuclear waste close to the ocean. Best, Don Bauder

July 27, 2018

And Governor Brown has forwarded legislation to committee to substantially reduce the liability power companies for wildfires. With a one party state legislature ratepayers and homeowners are screwed while shareholders and corporations will profit from negligence.

July 27, 2018

Outrage after outrage, and it just doesn't stop. The AG didn't investigate or prosecute this fraud until the time ran out. Anyone really want to see Kamala in the White House? You think it can't get worse? Corruption breeds more corruption.

July 27, 2018

Visduh: If Harris somehow gets in the running, you can bet that we at the Reader will be exposing her dubious activities. Best, Don Bauder

July 27, 2018

JustWondering: Yes, and Wall Street loves the proposal. In fact, stocks of investor-owned California utilities rallied when Brown's plan was announced. Best, Don Bauder

July 27, 2018

The first hearing on the “change in liability doctrine” has been held. PG&E is now whining Gov. Brown legislative proposal does not go far enough in reducing, or eliminating liabilities for devestating wildfires caused by their equipment.

In the meantime, CALFire has found PG&E’s equipment caused 8 of 15 wildfires in PG&E service territory. PG&E response is to change a reported 600 million annual profit to a loss. And to raise an alarm about rising insurance costs. Experts say the most devestating of the 2017 wildfires could have a 15 billion dollar cost. CALFires has yet to determine the cause of it.

I have no doubt PG&E will be looking for ways to pass on the loss from shareholders to ratepayers.

Meanwhile the legislature only has till its August 31st recess to ram through changes in the law before this legislative session ends. One can certainly argue when laws are rushed, nothing good comes of it. But in a one-party legislature what do you expect.

July 29, 2018

Mike Murphy: It appears that Peevey has dirt on some of the people who believe he deserves justice. Best, Don Bauder

July 28, 2018

will history reveal the truth once one one is left to prosecute ?

July 28, 2018

Murphyjunk: I doubt that we will read about this greed/scandal in any history books. Best, Don Bauder

July 28, 2018

Do they even care to prosecute the guilty unethical soulless?

July 28, 2018

shirleyberan: Unfortunately, the answer is this: seldom. Best, Don Bauder

July 28, 2018

Thomas Weller: You aren't the only one to believe that. Best, Don Bauder

July 28, 2018

This result might be disappointing, but we should congratulate Michael Aguirre and Maria Severson. $750 million is not nothing, ratepayers should thank them. They fought for consumers and won. In a just world, their victory would be more complete. But in California, kids do jail time for a few thousand in credit card fraud, while billion dollar con men never are arrested.

July 31, 2018

Well said.

Aug. 1, 2018

Herkimer: Psycholizard is articulate. Best, Don Bauder

Aug. 3, 2018

Psycholizard: I don't think $750 million is all that much, given the total originally loaded on ratepayers' backs. I agree that Aguirre and Severson deserve pats on the back and even deserve even more settlement pay, if that is forthcoming. Best, Don Bauder

Aug. 3, 2018

Sign in to comment

Sign in

Art Reviews — W.S. Di Piero's eye on exhibits Ask a Hipster — Advice you didn't know you needed Best Buys — San Diego shopping Big Screen — Movie commentary Blurt — Music's inside track Booze News — San Diego spirits City Lights — News and politics Classical Music — Immortal beauty Classifieds — Free and easy Cover Stories — Front-page features Excerpts — Literary and spiritual excerpts Famous Former Neighbors — Next-door celebs Feast! — Food & drink reviews Feature Stories — Local news & stories From the Archives — Spotlight on the past Golden Dreams — Talk of the town Here's the Deal — Chad Deal's watering holes Just Announced — The scoop on shows Letters — Our inbox [email protected] — Local movie buffs share favorites Movie Reviews — Our critics' picks and pans Musician Interviews — Up close with local artists Neighborhood News from Stringers — Hyperlocal news News Ticker — News & politics Obermeyer — San Diego politics illustrated Of Note — Concert picks Out & About — What's Happening Overheard in San Diego — Eavesdropping illustrated Poetry — The old and the new Pour Over — Grab a cup Reader Travel — Travel section built by travelers Reading — The hunt for intellectuals Roam-O-Rama — SoCal's best hiking/biking trails San Diego Beer — Inside San Diego suds SD on the QT — Almost factual news Set 'em Up Joe — Bartenders' drink recipes Sheep and Goats — Places of worship Special Issues — The best of Sports — Athletics without gush Street Style — San Diego streets have style Suit Up — Fashion tips for dudes Theater Reviews — Local productions Theater antireviews — Narrow your search Tin Fork — Silver spoon alternative Under the Radar — Matt Potter's undercover work Unforgettable — Long-ago San Diego Unreal Estate — San Diego's priciest pads Waterfront — All things ocean Your Week — Daily event picks
4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
Close