Surging electric bills threaten Calif. climate goals
Millions of Californians pay among the highest prices in the nation for electricity, a potential threat to the state’s plans to electrify cars and homes as it battles climate change.
Surging electricity prices of the three biggest utilities in the Golden State have reached levels that now are more than double the national average, as posted by the U.S. Energy Information Administration. Bills are projected to keep climbing as utilities address wildfire risk from their power lines and add electric vehicle charging stations. Ratepayers ultimately bankroll those costs.