Opinion: Jon Coupal: Big problems for California’s income-based utility rates
In a recent column I referred to SBX1-2, a dangerous legislative proposal to define “excessive profits,” as setting a new speed record in California’s headlong rush toward Soviet-style central planning.
Like SBX1-2, Assembly Bill No. 205 from last year, bypassed many of the normal procedures for enacting legislation. It did this because it was a so-called “budget trailer bill.” Moreover, after the enactment of the budget, there are so-called “junior budget bills” amending the fake June 15th budget as well as last-minute “budget trailer bills” directing the spending of billions in ways that the budget bill itself did not direct.
Following the new law’s mandates, California’s big utility companies have announced a radical change in the way they will charge customers for service. Soon, residential electricity charges will depend in part on the ratepayer’s income.
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