Letters to the Editor: Utilities' investors, not ratepayers, should cover efforts to mitigate fire risk [Los Angeles Times (CA)]
Edison International (EIX)
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Source: Los Angeles Times
Lawmakers need to act ,” March 20). However, the question of who should pay conspicuously leaves out the one party that should be at the very top of that list: the shareholders of these investor-owned companies. He does mention that some of the past rate increases include a 10% profit for their investors, but never includes them in the discussion of who should pay. These investors have been profiting on these companies' negligence for decades and continue to profit from new rate increases that have new profits baked in, according to Roth. He talks about how the pain should be felt by all of the taxpayers that benefit from reduced fire risk but neglects the people who are profiting from rate increases. Seems to me that the pain should be shared
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