{"id":830,"date":"2026-05-26T10:30:17","date_gmt":"2026-05-26T10:30:17","guid":{"rendered":"https:\/\/california-relocation-journal.com\/?p=830"},"modified":"2026-05-26T10:30:17","modified_gmt":"2026-05-26T10:30:17","slug":"pge-goes-after-gubernatorial-candidate-tom-steyer-he-welcomes-the-fight","status":"publish","type":"post","link":"https:\/\/california-relocation-journal.com\/?p=830","title":{"rendered":"PG&E goes after gubernatorial candidate Tom Steyer. He welcomes the fight"},"content":{"rendered":"
\n

SACRAMENTO\u00a0\u2014\u00a0<\/span>The state\u2019s biggest energy utility has made the unusual move to attack candidate Tom Steyer in the California governor\u2019s race.<\/p>\n

Read more Record-setting outside money pouring into California governor\u2019s race<\/a><\/p>\n

State campaign filings show that Pacific Gas & Electric has plowed at least $13.5 million into efforts to oppose Steyer. Other major utilities in the state have also donated to another committee backing the anti-Steyer effort.<\/p>\n

Steyer, a billionaire and former hedge fund founder who became a high-profile environmental advocate, accuses the big three California utility companies \u2014 PG&E, San Diego Gas & Electric Co. and Southern California Edison \u2014 of \u201craking in\u201d record profits at the expense of their customers. He blames the utilities for high consumer bills and causing deadly wildfires with their faulty utility equipment.<\/p>\n

Though other candidates in the race are also criticizing the utilities, Steyer is the most aggressive.<\/p>\n

\u201cBig energy companies really piss me off,\u201d Steyer said in one of his own campaign ads earlier this year. <\/p>\n

In another attack, Steyer called PG&E less of an electric company and more of a \u201csophisticated Sacramento lobbying and influence operation that also happens to sell electricity. California needs a governor who will stand up to these monopolies, hold them accountable, and break them up.\u201d<\/p>\n

Lynsey Paulo, a spokesperson for PG&E, declined to answer questions about the utility\u2019s spending, referring The Times to the committee running anti-Steyer ads. <\/p>\n

\u201cTom Steyer has spent over $200 million trying to buy the Governor\u2019s office,\u201d the committee said in a statement.<\/p>\n

Steyer, a Democrat who is relying on his vast fortune in the race, is seeking to advance past the June 2 primary to the November general election. Recent polls put him behind Republican Steve Hilton, a former Fox News commentator, and onetime Health and Human Services Secretary Xavier Becerra. <\/p>\n

The utility-funded advertisements against Steyer don\u2019t mention his position on energy policies, focusing instead on his onetime hedge fund\u2019s investments in coal and for-profit detention centers. One ad compares him to President Trump.<\/p>\n

\u201cWhen Steyer sells himself as a different kind of billionaire, tell him where to stick it,\u201d a voiceover says.<\/p>\n

Another advertisement from the anti-Steyer group California is Not for Sale highlights its support for Becerra. The California Assn. of Realtors and the California Building Industry Assn. are also supporting the group.<\/p>\n

Steyer\u2019s campaign last week embraced the spending from PG&E and others.<\/p>\n

\u201cWhen you\u2019re opposed by the people responsible for devastating wildfires and outrageous rate hikes, you\u2019re doing something right,\u201d Steyer spokesperson Sepi Esfahlani said.<\/p>\n

Steyer has used his criticism of the California utilities and the oil industry as a shield against attacks that he made billions of dollars from fossil fuels when he ran his hedge fund, and to elevate himself as an advocate for working-class Californians.<\/p>\n

When Democratic rival Katie Porter ripped into Steyer at a recent debate for using his riches to support his gubernatorial campaign, Steyer pointed to the attacks by PG&E and others as evidence that he\u2019ll take on Sacramento\u2019s powerful special interests. <\/p>\n

\u201cThere is one person that the corporations are going after, including Big Oil, who is spending millions of dollars to stop me,\u201d Steyer responded during the April debate at Pomona College in Claremont.<\/p>\n

\u201cThe electric monopolies, PG&E, millions of dollars to stop me, because I\u2019m the person on this stage who\u2019s the change agent,\u201d he said. \u201cI\u2019m the person who\u2019s going to drive down costs for the people of California by taking on the special interests.\u201d<\/p>\n

PG&E CEO Patti Poppe and Steyer lauded one another in social media posts after appearing together at various conferences last year, the California Post reported. <\/p>\n

Read more My pick for California governor is \u2026 I\u2019m still working on it<\/a><\/p>\n

\u201cLoved sitting down to talk the future of energy with Tom Steyer at the Galvanize Solutions Summit,\u201d Poppe wrote on LinkedIn in December. Steyer co-founded Galvanize, an asset management firm.<\/p>\n

The California Chamber of Commerce\u2019s political action committee this year collected at least $2 million each from PG&E, Sempra \u2014 the parent company of SoCalGas and San Diego Gas & Electric \u2014 and Edison. The chamber\u2019s committee in turn has donated $9.75 million toward the anti-Steyer committee.<\/p>\n

John Myers, a representative for the Chamber of Commerce, said the committee\u2019s leadership, not donors, make spending decisions.<\/p>\n

California electric rates are the nation\u2019s second highest after Hawaii, contributing to the state\u2019s high cost of living \u2014 one of the biggest concerns of voters. <\/p>\n

PG&E serves Northern and Central California, while Southern California Edison is available in Central, coastal and Southern California. San Diego Gas & Electric services Southern California. <\/p>\n

The California Public Utilities Commission sets the rate of return that the companies can make. Steyer has argued that \u201cperverse\u201d structure allows utilities to disregard cheaper cost-effective solutions in favor of more expensive options, such as undergrounding power lines.<\/p>\n

Despite Steyer\u2019s talk of \u201cbreaking up\u201d utilities, he doesn\u2019t propose dismantling them. Instead, he vows to put reform-focused appointees on the regulatory agency and reduce utility rates. He also wants more battery storage for renewal energy, as well as additional rooftop and community solar.<\/p>\n

The three utilities recently opposed a bill to require that wildfire safety spending by Southern California Edison, PG&E and San Diego Gas & Electric be audited by an independent accounting firm.<\/p>\n

The bill by Assemblywoman Tasha Boerner, an Encinitas Democrat, stalled out earlier this month. It would have required the state\u2019s regulatory agency to consider the audits\u2019 findings before agreeing to raise customer rates to cover even more wildfire prevention spending.<\/p>\n

Audits of the three companies\u2019 wildfire spending from 2019 to 2020 found that $2.5 billion could not be accounted for.<\/p>\n

Matt Abularach-Macias, political director of Environmental Voters, said the utilities probably consider Steyer as a threat to their business. The companies plan infrastructure projects five or 10 years ahead and don\u2019t want disruptions, he said.<\/p>\n

Environmental Voters has endorsed Steyer and former Orange County Rep. Katie Porter. The group\u2019s educational arm received a $500,000 donation from a Steyer-backed entity in 2013.<\/p>\n

Leah Stokes, associate professor of political science at UC Santa Barbara, called PG&E\u2019s outlay in the governor\u2019s race part of a \u201ccorrupt system.\u201d <\/p>\n

\u201cThese are monopoly companies, you can\u2019t choose to buy from anybody else,\u201d Stokes said. \u201cThey take your money, turn it into profits because they are poorly regulated, and then undermine political candidates who would actually hold them accountable.\u201d<\/p>\n

Stokes has publicly endorsed Steyer. <\/p>\n

A spokesperson for Southern California Edison said the company funds its political contributions from \u201cshareholder dollars.\u201d<\/p>\n

\u201cNo customer dollars, or any part of the rates paid by Southern California Edison customers, are used to support political candidates,\u201d he said. <\/p>\n

Read more Southern California could get 85% of its water locally and avoid Delta tunnel, groups say<\/a><\/p>\n

Times staff writer Melody Petersen contributed to this report.<\/i><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

PG&E has plowed at least $13.5 million into efforts to oppose Steyer’s bid for California governor, according to campaign records.<\/p>\n","protected":false},"author":1,"featured_media":829,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-830","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"yoast_head":"\nPG&E goes after gubernatorial candidate Tom Steyer. He welcomes the fight - California Relocation Journal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/california-relocation-journal.com\/?p=830\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PG&E goes after gubernatorial candidate Tom Steyer. 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