Letters to the Editor: Electric rates are high. Is a government takeover of utilities the answer? [Los Angeles Times (CA)]
Edison International (EIX)
Last edison international earnings: 4/30 04:05 pm
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Source: Los Angeles Times
We continue to work with California regulators to achieve fair, transparent rates. Your editorial on ways to address higher electric bills paints a misleading picture for customers. Since 2020, unprecedented wildfire conditions, extreme heat and volatile commodity prices have caused SCE's rates to outpace inflation. In a few years, we anticipate rate changes to return to levels that are at or below inflation (as they were from 2001-2019). Also, the suggestion to move from an investor-owned to a public utility structure is misguided. A regulated business model that provides the opportunity to earn a fair rate of return is critical to raising capital to meet California's climate targets. A government takeover would shift liabilities of operating the grid onto local governments, reduce access to capital markets and create uncertainty, all of which lead to higher costs (and rates). Edison International shares the goals outlined in this editorial — to safely deliver reliable, afforda
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EIX
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- 4/30/24 - Beat
EIX
Sec Filings
- 6/7/24 - Form 4
- 5/16/24 - Form 4
- 5/15/24 - Form 4
- EIX's page on the SEC website