Power bills in California have jumped nearly 50% in four years. Democrats think they have solutions

SACRAMENTO, Calif. (AP) — California lawmakers this week advanced several efforts aimed at reining in utility profits and slashing electricity bills as part of their agenda to tackle the sky-high costs of living.

The proposals would make sweeping changes to how utilities fund expensive infrastructure projects like putting power lines underground to guard against wildfires. They also would add more oversight around wildfire mitigation spending and put new requirements on utility requests to increase rates. Supporters said the goal is to make the big investor-owned utilities start sharing some of the costs to fight wildfires and build new transmission infrastructure.

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