By Kevin Tripp, KABC
The state’s Public Utilities Commission ruled against Pacific Gas and Electric, Southern California Edison and San Diego Gas and Electric. The companies said bigger profits would attract investment they need to deal with billions of dollars in wildfire liabilities. In a unanimous vote, the commission disagreed. The companies have profit margins over 10 percent, which is higher than the nationwide average. Consumer advocates want the profit margins lowered. The P-U-C kept them unchanged.