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Assembly committee orders study of investor‑owned utilities and ties executive pay to affordability metrics in amended SB 332
Summary
The Assembly advanced SB 332, a study bill directing an independent, phased look at whether California’s investor‑owned utility structure best serves ratepayers on safety, affordability and reliability, and adding reporting and transparency measures — including adding ratepayer affordability to metrics that inform executive compensation.
Senator Wahab presented SB 332, a measure described to the Assembly Utilities and Energy Committee as a study bill to analyze whether California’s investor‑owned utility (IOU) model best serves ratepayers on safety, affordability and reliability.
Sponsor testimony said IOU rates in California are considerably higher than publicly owned utilities, and the bill would direct a public, phased feasibility study managed with a university labor center to evaluate alternative ownership and finance models, protect labor, and examine how to improve affordability and transparency around disconnections. The sponsor emphasized the bill is…
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