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California Cuts Utility Shareholder Returns Amid Bill Concerns

12/20/2025

27 3 Full Breakdown

Summary

Story summary

California regulators approved a 0.3% reduction in shareholder returns for Pacific Gas and Electric, Southern California Edison, and San Diego Gas & Electric, bringing returns to just below 10%.
Utilities argue this cut could worsen high electricity bills.
The California Public Advocates Office says their concerns are unfounded.
Even after the reduction, the approved returns remain above the 6% sought by consumer groups.

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Story summary

California regulators approved a 0.3% reduction in shareholder returns for Pacific Gas and Electric, Southern California Edison, and San Diego Gas & Electric, bringing returns to just below 10%.
Utilities argue this cut could worsen high electricity bills.
The California Public Advocates Office says their concerns are unfounded.
Even after the reduction, the approved returns remain above the 6% sought by consumer groups.