The Potential for Lower SDG&E Gas and Electric Rates in 2012
SDG&E claims that increasing costs of doing business necessitates $1.5 billion more of its customers’ money. For 2012, the increase would start at $168 million and grow over the following three years. UCAN and its team of experts poured through SDG&E’s books and reached an entirely different conclusion. Not only does SDG&E not need more money, in fact, it could actually use less money than it currently collects.
State regulators have the authority to decide whether SDG&E rates will increase or decrease. UCAN believes this boils down to an issue of fairness. While customers are in the midst of the worst recession in many of our lifetimes, should ratepayers be funding SDG&E’s wish list of expenditures or should state regulators actually reel in SDG&E’s spending to meet its actual need and spare its customers significantly increased costs?
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