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Investor-Owned Utilities

Why Are Rates Rising Faster at Investor-Owned Utilities Than at Public Utilities?

Case studies from California offer a look into the pros and cons of public and private utilities.

By Blanca Begert

A Pacific Gas and Electric worker replaces power poles destroyed during the Eaton Fire in Altadena, Calif., on Jan. 22. Credit: Sarah Reingewirtz/MediaNews Group/Los Angeles Daily News via Getty Images
California's high electricity rates make it difficult for electric heat pump customers to save money. Credit: Andrew Caballero-Reynolds/AFP via Getty Images

Do Heat Pumps Save You Money? In California, It Depends on Your Electric Utility

By Twilight Greenaway

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