Several California utilities should be penalized for receiving bonuses while falling short of their energy-saving goals, the state utility regulator's independent watchdog arm said Tuesday.
From 2006 to 2008,
The investor-owned utilities reached just 70% of their energy-saving goals on average, the watchdog division said, citing an independent study released by the commission's Energy Division in April. The utilities had reported that they had exceeded their goals by 60%.
Division of Ratepayer Advocates Director Dana Appling said that the commission's study "shows that customers didn't get what they paid for, yet the utilities earn massive bonuses while customer energy rates continue to increase."