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Aug 21, 2000
CONTACT: Doug Heller - 310-392-0522 x309
CA Public Utility Commission Votes For Phony Ratepayer Relief Plan
That Forces Consumer To Repay Utility Company For Lost Profits During Rollback
The Foundation for Taxpayer and Consumer Rights condemned the 3-2 vote by the California Public Utilities Commission (PUC) today to enact a flat rate plan for San Diego ratepayers that will force consumers into above-market prices for much of the year, and will require them to repay San Diego Gas & Electric from any lost profits during the flat rate period.
"This devolution of consumer protection is the moral equivalent of a pickpocket earning interest on the money they stole," said Doug Heller, consumer advocate with FTCR. "The legislature and Governor must stand upe to the utility lobby and require a real rollback that relieves the consumer of exorbitant and requires no repayment to the big energy companies."
Legislation to rollback electric utility rates to pre-deregulation levels will be heard in the California Assembly this week. AB 2290 , authored by Sen. DeDe Alpert (D-San Diego) passed the Senate by a 28-0 vote.
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