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How should utilities spend your money? A debate rages


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This is the May 13, 2021, edition of Boiling Point, a weekly newsletter about climate change and the environment in California and the American West. Sign up here to get it in your inbox.
Unless you’re an energy nerd like me, you probably don’t spend much time thinking about how utilities spend the money you pay them each month. You used a bunch of electricity or natural gas, and that’s what you’re getting charged for. Right?
Not quite! In addition to fuel costs, you’re also paying for repairs to old power plants, construction of electric wires and gas pipes, subsidies for energy-saving lightbulbs, discounts for low-income households, shareholder profit margins of about 10%. ....

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