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The ROE Illusion: Why California’s SB 905 Won’t Slash Utility Profits Overnight
Governor Gavin Newsom signed Senate Bill 905 into law on September 30, 2026, amid intense public frustration over soaring electricity bills. To understand SB 905's true effect, we must look at how California regulates utility rates and why statutory discretion leaves the baseline profit model untouched.
Strategic Narrative
3 days ago8 min read
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