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    Home»World News

    Letters to the Editor: Utilities’ investors, not ratepayers, should cover efforts to mitigate fire risk

    Team_NewsStudyBy Team_NewsStudyMarch 26, 2025 World News No Comments2 Mins Read
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    To the editor: Sammy Roth’s column is spot-on detailing the problems of fee will increase for needed upgrades to the electrical grid (“Wildfires are driving up California electric bills. Lawmakers need to act,” March 20). Nevertheless, the query of who ought to pay conspicuously leaves out the one get together that ought to be on the very prime of that record: the shareholders of those investor-owned corporations. He does point out that a number of the previous fee will increase embrace a ten% revenue for his or her traders, however by no means contains them within the dialogue of who ought to pay.

    These traders have been profiting on these corporations’ negligence for many years and proceed to revenue from new fee will increase which have new earnings baked in, in accordance with Roth. He talks about how the ache ought to be felt by the entire taxpayers that profit from diminished hearth threat however neglects the people who find themselves making the most of fee will increase. Appears to me that the ache ought to be shared with them first.

    Robert Rosenblum, Woodland Hills

    ..

    To the editor: One needn’t learn any additional in Roth’s column to seek out the reply to controlling the prices of electrical energy. Per his column, burying traces is “a surefire however costly solution to keep away from ignitions throughout dry, windy climate.” As soon as that funding is made, the problem of fires began by defective tools could be a moot level. Utilities like Southern California Edison ought to droop shareholder payouts till their traces are buried in order that their clients are lastly saved from the numerous collateral harm attributable to their public security energy shutoffs, harm that SCE refuses to acknowledge, a lot much less reimburse clients for his or her losses.

    Invoice Waxman, Simi Valley



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