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California News

The California Public Utilities Commission is poised to cut power company return on equity rates to historic lows. The cut is small, though, and will be hard to feel in your electric bill. A PG&E bill, on Nov. 10, 2023.
Manuel Orbegozo
/
CalMatters
California utilities regulators are bringing down “return on equity” payments to power company shareholders. It’s the lowest profit margin in 20 years for PG&E and Southern California Edison, but will be hard to notice in your payments.