East County News Service
November 8, 2015 (Sacramento) – California’s Secretary of State has approved signature gathering for a ballot initiative that if approved by voters, would end private utility corporations such as San Diego Gas & Electric, Southern California Edison and Pacific Gas & Electric.
Under the measure, the state would buy out the companies and operate a publicly owned California Electrical Utility District that would set electricity rates, build infrastructure and provide power. Bonds or taxes could be levied to fund costs. The measure’s backer, Ben Davis Jr., contends the state can provide power at lower rates for California customers and notes that nationwide, public utilities have 15% lower rates on average than privately owned utilities.