To the editor: This latest op-ed is deceptive (“Use designated money to cool California schools, not to enrich utilities,” Might 28).
The California Colleges Wholesome Air, Plumbing, and Effectivity Program standing is just not decided by utilities. Relatively, CalSHAPE was created by the state legislature and with funding decided by statutory deadlines, not utility actions.
Any funds returned to utilities by the California Power Fee are used to offset buyer charges and don’t go to utility shareholders. We’ll know extra about how a lot could also be returned later this 12 months.
It’s also necessary to know that Southern California Edison advocates for a higher allocation of the state’s greenhouse gasoline market revenues to help an inexpensive transition to a clear power economic system. Income from designated market credit is delivered on to our prospects.
Michael Backstrom, Sierra Madre
This author is senior vice chairman of regulatory affairs at Southern California Edison.
