PG&E seeks $4.2 billion increase in revenue
The defeat of Proposition 16 on the June 8 ballot has been called a testament to the power of a grassroots public awareness campaign against a corporate opponent with deep pockets. It’s hard to disagree.
PG&E spent nearly $46 million dollars supporting the bill that would have effectively barred competition in its service areas by requiring a two-third vote in the given city for any new utility company to begin service. Opponents to the bill had less than $100,000 and relied instead on community activism and volunteers to educate the public about the bill. Now, with the giddiness of one victory still wearing off, consumer advocacy groups are turning their attention toward PG&E again—this time in response to a request for $4.2 billion in increased revenues over the next three years.