DOES SDG&E NEED 11% IN PROFITS? CPUC PUBLIC HEARING TONIGHT, OCT. 5

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October 5, 2012 (San Diego) – The California Public Utilities Commission will hold a public hearing on SDG&E profits on October 5 at 7 p.m. in the Al Bahr Shriners Hall, 5440 Kearny Mesa Road.

The utility has repeatedly sought rate hikes. But SDG&E already has among the highest profit rates in the United States at 11.1%. Further, a recent study by The Utility Reform Network (TURN) indicates a 9.4% profit would be a fairer rate that would enable energy bills to be reduced by $50 a year for the average family. The public is invited to testify at the hearing.