Utility bailout looks worse as time goes by

Since California legislators in July passed the utility bailout plan known as AB 1054, the deal wangled by lobbyists for companies like Pacific Gas & Electric, Southern California Edison and San Diego Gas & Electric looks worse every day.
It’s not only that the utilities quickly volunteered to contribute more than $10 billion as their share of the bankroll for the state’s new Wildfire Fund, but also that the state can now issue unlimited bonds to pay off liabilities rung up b