Ongoing costs of deregulation disaster

A good post on the $3 billion a year cost of bailing out PG&E and entering into long-term contracts to buy power at exorbitant rates at California's Capitol: Ten Years Later, Ratepayers Still Paying for the Energy Crisis.

These costs are passed on to rate payers on our monthly energy bills, while the massively profitable utilities keep raising our rates to benefit shareholders.

Think of that when you see your rates go up, hear about families getting power disconnected  or read about proposed rate increases.