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Stock impact report

California is changing how big power companies charge for electricity. What to expect on your bill [Yahoo! Finance]

DBA Sempra (SRE) 
Last dba sempra earnings: 2/27 06:55 am Check Earnings Report
US:NYSE Investor Relations: sempra.com/investors
Company Research Source: Yahoo! Finance
As early as next year, though, the increase won't be so pronounced for customers of Southern California Edison, San Diego Gas & Electric and Pacific Gas & Electric. At least, that's the goal of a new approach to electricity rates adopted by the California Public Utilities Commission. Your results, however, will depend on how much electricity you use. The change ordered by the CPUC will save money for Californians who pay hundreds of dollars a month for electricity, but it could be costly for people whose bills today are comparatively small. In an effort to pare high electric bills during the summer heat, the CPUC adopted a utility-backed proposal to impose a flat monthly fee of up to $24.15 on all customers while reducing the charges imposed per kilowatt of electricity used. The order applies only to investor-owned utilities such as Edison, not to the Los Angeles Department of Water & Power and other municipal utilities. The fee doesn't represent new money for the utilities, sa Show less Read more
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