“Removing disincentives” – the CPUC’s mandate
- From: Vol 8, Issue 2 (February 2007)
- Category: General
- Region: Americas
- Country: United States
- Related Companies: American Water, California Water Service Co (Cal Water) and San Jose Water
California’s regulated utilities have been some of the strongest performers on the stock exchange recently. Much of their strength is related to a new direction at the Public Utilities Commission: the Water Action Plan.
It is generally agreed that there was a period in the early 2000s when the California Public Utilities Commission was all but blacklisted by the utilities it regulated. A series of flawed decisions, a declaration of bankruptcy by PG&E, SoCal Edison brought to its knees – all of these contributed to California’s abominable reputation, while costing utilities and ratepayers ...
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