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Small Consumer Rate Protection
Consumer Groups' Proposal for Electricity Re-RegulationCalifornia's core electricity customers -- homeowners, renters and small business ratepayers -- need to be protected from the turbulence of the wholesale energy market. These core customers are the chief victims of deregulation. The Small Consumer Rate Protection Act (SB 18X by Senator Martha Escutia) will ensure that California's electricity system will be reliable and affordable to the individual and small business ratepayers in the state.
PG&E and Edison produce or own through contract approximately 60% of the state's electricity.
Pacific Gas and Electric (PG&E) and Southern California Edison (SCE) chose to sell off many of their power plants in recent years when out-of-state power companies offered to pay much more than book value for these assets. However, the utilities retained approximately 20,000 to 25,000 megawatts of generation capacity. That is, PG&E and SCE still own or contract for approximately half of the state's electricity production (chiefly hydroelectric, nuclear and coal-fired plants).
Under the Small Consumer Rate Protection Proposal:
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