Contacts: Thalia González
Senior Legal Counsel
510-926-4002 / mailto:firstname.lastname@example.org
Jesse W. Raskin
510-898-0506 / mailto:email@example.com
Public Hearing on Edison ‘s Three Billion Dollar Rate Hike: Company Ignores Ongoing Recession, Californians to Pay More for Basic Services
Berkeley , CA – The California Public Utilities Commission is a hold a series of public hearings where southern California residents can voice their concerns regarding Edison ‘s $2.898 billion dollar rate hike. Many community groups, including Mabuhay Alliance, FALCON, the Inland Empire Latino Coalition, and the Greenlining Institute oppose the rate hike, for the following reasons:
Californians Can Not Afford Such an Increase
Given the recession and housing crisis in California and nation, along with rising inflation and unemployment, customers simply cannot afford pay more for electricity.
Southern California Edison Uses Customer Dollars to Overpay Their Executives
In 2007, Edison International paid CEO John Bryson 11.7 million dollars – this number does not include his $65 million dollar retirement package. Further, At least 30 Edison executives received pay of $1,000,000 or more; at least 300 received pay of $200,000 or more; and at least 5632 received pay of $100,000 or more. Few of these employees have credentials or duties that justify such high salaries.
Diversity Among Edison’s Overpaid Employees Does Not Reflect California’s Diversity
In 2007, of the top 1000 Edison employees by salary, only 5% are Asian, 23% are Latino, and 12 % are women. In the top 100, only 4% are Asian, only 5% are Latino, and only 24% are female. In the top 20, only 2 are African American, 1 is Latino, 2 are Asian, and 6 are women.
Edison Is Not Investing Their Corporate Dollars in California’s Underserved Communities
Among California ‘s three largest energy utilities, Edison appears to be last in percentage of pre-tax income devoted to philanthropy, with less than 1%. Currently, the company refuses to release detailed information about their philanthropy.
Southern California Edison Cheated Customers
In 2007, the Commission penalized Edison over $200 million dollars for dishonest business practices.
At any of these locations, Community members can speak directly to the Commission concerning Edison ‘s rate hike:
April 14, 2008 @ 6:00 p.m.
Palm Springs City Hall Council Chamber
3200 Tahquitz Canyon Way
Palm Springs , CA 92263-2743
April 28, 2008 @ 6:00 p.m.
Long Beach Public Library – Main Library Auditorium
101 Pacific Avenue
Long Beach , CA 90822
April 29, 2008 @ 12:00 noon
Santa Ana City Hall Council Chambers
22 Civic Center Plaza
Santa Ana, CA 92701
April 30, 2008 @ 6:00 p.m.
San Bernardino Public Library – Bing Wong Auditorium
555 West 6th Street
San Bernardino , CA 92410
As Faith Bautista, Executive Director of the Mabuhay Alliance says “We protest your extremely high salary of $11.7 million and your retirement package of $65 million. This is particularly inappropriate at a time of recession, nationwide foreclosures, and cutbacks to government services for the needy.”