June 5, 2010 |
Tuesday's California primary election represents a first — two initiative measures that were conceived and financed by individual companies. The fate of these propositions, analysts say, could determine whether other companies follow suit. Proposition 16 is being pushed by Pacific Gas & Electric Co., which has provided 98% of the $46 million in campaign financing for the measure, according to the secretary of state's office. The measure would make it harder for municipalities to launch utilities to compete with corporate providers such as PG&E.
April 22, 1989
The Mercury group of insurance companies will implement an average 8% auto insurance rate increase statewide on policies renewed after May 1, the company's chairman, George Joseph, said Friday. Joseph said it was the first general increase by Mercury, one of the state's top 10 sellers of auto insurance, in about a year.