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    Home»World News

    Letters to the Editor: Utility companies need to answer to the residents, not shareholders

    Team_NewsStudyBy Team_NewsStudyMay 20, 2025 World News No Comments2 Mins Read
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    To the editor: Workers author Melody Petersen’s article is an effective begin on the failure of for-profit utilities to take public security severely, nevertheless it doesn’t go almost far sufficient (“Edison’s safety record declined last year. Executive bonuses rose anyway,” Might 18).

    In a primary approximation, the greenback worth of the harm performed in my neighborhood of Altadena is on par with the market capitalization of Southern California Edison. The penalty for a failure on this scale ought to be the loss of life of the for-profit company.

    Basically, the monetary incentives for the management of a for-profit company will at all times favor short-term expense administration over public security. There isn’t a manner trivial changes in government compensation will handle this. Utilities have to reply to voters, not shareholders.

    The Legislature must convert SoCal Edison and PG&E into municipal utilities. They should require utilities to maneuver transmission strains away from areas of dry vegetation or bury them. The longer term is scorching, dry and windy. We have to require our electrical utilities to take this severely.

    Sue Greer, Altadena

    ..

    To the editor: Gee, good work if you may get it. One query: Why do any of SoCal Edison’s executives get a bonus in any yr? And simply what does Chief Govt Pedro Pizarro really do, every day, to justify his ludicrous paycheck?

    Jack Grimshaw, Lake Forest



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