NewEnergyNews: CALIFORNIA INITIATIVE FOR A STATE PUBLIC UTILITY

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    Thursday, March 19, 2015

    CALIFORNIA INITIATIVE FOR A STATE PUBLIC UTILITY

    Petition Effort Underway to Replace Private Electric Companies with State Utility; Backers of an initiative to create public utility have been given permission to start the signature gathering process.

    Paige Austin, March 17, 2015 Pacific Palisades Patch

    The California Electrical Utility District Act, which will become a state-wide ballot measure for the 2016 election if adequate validated signatures are collected, would create a statewide publicly owned utility. The Electric Utility District, to be governed and operated by an elected Board made up of Directors from its 11 wards, would replace Southern California Edison, Pacific Gas and Electric, San Diego Gas and Electric, and the state’s other investor owned utilities. Municipal utilities like the Los Angeles Department of Water and Power and the Sacramento Municipal Utility District could participate or work with statewide utility. Former SMUD Rate Advisory Board Member Ben Davis, who leads the effort, said the new entity would lower costs to electricity consumers and create other economic benefits by removing regulatory complexities and shareholder profit considerations…Davis said public utilities have 15% lower rates on average nationally than privately owned utilities. SMUD’s rates, he added, average 25% lower than California’s IOU rates. By law, Davis explained, the public utility would have the right to acquire, through eminent domain, whatever electric infrastructure it would need to serve the public. click here for more

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