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Utility Company Agrees to Refund $750M to Rate Payers

Utility Company Agrees to Refund $750M to Rate Payers

A Canadian utility company has agreed to refund $750 million to California ratepayers for over-charges during the 2000/2001 energy crisis.

That was announced today by California Attorney General Kamala Harris. Most of the refund will go to customers of California's largest utilities, under a system to be decided by the Public Utilities Commission.

Frank Lindh General Counsel for California Public Utilities said the good thing about this refund is that it goes back directly to rate payers in the form of a credit on their bills.

Those rate payers who will be getting credits include those with Southern California Edison, San Diego Electric and Pacific Gas and Electric customers as well.

According to Harris, California has been able to secure billions of dollars, but is still owed billions more in damages.

 

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