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California utility monopoly with $2.47B profits has one simple trick to make more money (it's charging you more)
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California utility monopoly with $2.47B profits has one simple trick to make more money (it's charging you more)

Ellsworth Toohey
Mar 21, 2025
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Boing Boing
Boing Boing
California utility monopoly with $2.47B profits has one simple trick to make more money (it's charging you more)
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Pacific Gas and Electric has decided their record $2.47 billion in profits —an increase from it's previous record set last year —just isn't quite enough.

The monopoly — famous for burning down half of California —just filed a request to jack up rates again (because six rate hikes in 2024 wasn't enough). They're asking for anoth…

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