Pedro Pizarro, CEO of Edison International, discusses the investments needed to address climate change in California. Pizarro, who is also president of the Edison Electric Institute, pointed out that although utility rates in California are among the highest in the country, overall bills are similar to the national average due to lower consumption. He points out that a net-zero savings by 2045 in California is achievable and economically advantageous thanks to the electrification and efficiency of electric technologies over fossil fuels. Customers could see a 40% reduction in their total energy bill in real terms compared to today.

(MT Newswires)

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