Stop this Reckless Multibillion-Dollar Bailout for Utility Shareholders!

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Right now the California Legislature is fast-tracking AB 1054, a reckless multibillion-dollar bailout of utility shareholders paid for by ratepayers.

If this legislation passes, the real victims will be the people of California who will see rising rates, while utilities like PG&E will have less accountability and oversight from state regulators for future wildfires.  

This is in direct opposition to Resolution 19-05.125, "Resolution Calling for Greater Accountability of PG&E and No Public Bailout," adopted by the Resolutions Committee at the recent May 2019 California Democratic Party State Convention, available online at: http://bit.ly/2JrwO34.

What can you do? 

1.  Take a moment to SIGN this petition to your Assemblymember to stand with our families and communities in opposing and voting NO to AB 1054, and its companion legislation AB/SB 111, unless it can be extensively amended!

2.  Add a comment!  And if you are a Democratic Assembly District Delegate, indicate your AD number next to your name. 

3.  Don't forget to CALL your Assemblymember!  Here's the Call Tool from Food & Water Watch: https://secure.foodandwaterwatch.org/content/stop-ab-1054-pge-bailout-click-call

Thank you!

Li Miao Lovett, AD19; Una Lee Jost, AD41; Tina Fredericks, AD41; Michael Boos, AD41; Sam Berndt, AD41; Jason Schadewald, AD41; Pamela C. Nagler, AD41; Amar Shergill, AD9; Bill Honigman AD73; Hene Kelly AD19; Gabriel Medina AD19; Michael Wilson, AD35; Carrie Scoville AD70; Diana Parmeter, AD 63; Susan Rowe, AD05, with the technical assistance of Eric Brooks, Co-Coordinator Californians for Energy Choice.

#NoPGEBailout #WildfireAccountability

RESOURCES:

- Lynch, L., San Francisco Chronicle, "Open Forum: Proposed wildfire fund a reckless giveaway that echoes Enron Crisis" (Jul. 8, 2019), available online at <https://www.sfchronicle.com/opinion/openforum/article/Open-Forum-Proposed-wildfire-fund-a-reckless-14080774.php>

- Court, J., Consumer Watchdog, "Wildfire Legislation on Track or Train Wreck?" (Jul. 8, 2019), available online at <https://consumerwatchdog.org/energy/wildfire-legislation-track-or-train-wreck>

("The details give the Public Utilities Commission power to bond endlessly, without the legislature's approval, should ratepayers have to bear the burden of 'recoverable' costs for fires.  The problem is the legislature is weakening the standard by which ratepayers can hold utilities accountable for not being prudent managers and starting fires. So ratepayers will pay in more instances than the past.  It's all part of the deal making, but the new standard for fault puts the finger of the scale of justice on the utilities' side in marginal cases. Ratepayers will have to pay. And there will be opportunities to charge them billions more through bonds without legislative veto.")