PG&E spending for Proposition 16 reaches $44 million
May 25, 2010
New campaign reports reveal that Pacific Gas & Electric (PG&E) has so far spent $44 million to pass Proposition 16 on the June 8 ballot. [Los Angeles Times]
The new amount being reported is far above the $30-$35 million the giant utility was expected to spend.
Proposition 16 was placed on the ballot by PG&E officials to try and make it more difficult for local governments, like Marin County, to form municipal utilities.
PG&E had $1.22 billion in profits during 2009.
In contrast, opponents of Proposition 16, have raised about $36,000, according to state campaign disclosure documents.