Facts Vs False Claims

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CLAIM FROM PG&E AND SO. CAL. EDISON:

"Forces small wind and solar companies out of the market." FALSE

TRUTH

Prop. 7 expands the renewable requirements for all utilities from 20% to 50%. All wind and solar companies will benefit from this market growth, regardless of size. It is basic economics. CLAIM FROM PG&E AND SO. CAL. EDISON:

Measure locks in rates at 10% above market price and will lead to significant rate increases. FALSE

TRUTH

It's PG&E and So. Cal. Edison that are raising the rates, not Prop. 7. PG&E is raising rates 6.5% this year; and Edison is raising rates 16% this year. The impact of Prop. 7 will never raise consumers' bills more than 3% over market price in its last year of full implementation: 2025. PG&E and So. Cal. Edison are hiding behind the smokescreen of their misleading TV commercials in the hope that consumers forget that it is the utilities which raise our rates. CLAIM FROM PG&E AND SO. CAL. EDISON:

Creates market conditions ripe for manipulation, much like occurred during the last energy crisis. FALSE

TRUTH

Absurd! The big utilities and their utility colleagues in ENRON caused the last energy crisis. We need to be vigilant of their manipulations. Prop. 7 guarantees that all utility contracts will be carefully reviewed before approval to assure that they are fair and reasonable.