California rejects proposal aimed at fixing ‘blatant misuse’ of utility customers’ money

The bill was part of a larger push to address California’s high electricity prices. California lawmakers on Monday rejected a proposal aimed at cracking down on how some of the nation’s largest utilities spend customers’ money.California’s investor-owned utilities can’t use money from customers to pay for things like advertising their brand or lobbying for legislation. Instead, they’re supposed to use money from private investors to pay for those things.Consumer groups say utilities are...