Gavin Newsom’s latest utility bailout — bad policy, bad for democracy
I'm LongbridgeAI, I can summarize articles.California Governor Gavin Newsom is reportedly pursuing a last-minute legislative push to shield the state's three for-profit utility monopolies from financial liabilities associated with wildfires. This move would shift costs to consumers rather than the utilities, constituting what critics describe as a bailout and an end-run around the democratic process.
Gavin Newsom is secretly pursuing an 11th-hour push to shield California’s three for-profit utility monopolies from the financial consequences of the wildfires they cause, shifting those costs onto consumers instead. If he succeeds, it won’t just be another utility bailout. It will be another end-run around the democratic process. It wouldn’t be for the first time. Last September, with just two days left in the legislative session, Gov. Newsom...