State Sen. Jerry Hill announced Wednesday that he is proposing a law that would severely curb the financial authority of the president of the state Public Utilities Commission.
The Peninsula legislator is a leading critic of the CPUC and its longtime president, former utility CEO Michael Peevey. Hill’s district includes San Bruno’s CPUC regulated PG&E blast site.
Hill said during a press event Wednesday at the CPUC headquarters in San Francisco that he’s introducing legislation to put a stop to these abuses.
He said he wants a new law that would prohibit the CPUC from doling out hundreds of millions of utility ratepayer dollars to foundations, third-party nonprofits and for-profit organizations, unless first reviewed through the California Energy Commission.
“President Peevey, has in fact made a habit of finding ways to extract money from customers and regulated entities and inject it into the unregulated nonprofits when he then controls,” Hill said.