Dam! There's a lot of money in public power
I wasn't paying much attention to the move by state Assembly Speaker John Perez to abolish the tiny town of Vernon, California -- until I read the column in today's Sacto Bee by Dan Walters. Walters thinks it's all about money -- Vernon's got a lot, neighborhoring L.A., which wants to annex Vernon, needs it.
But here's what's so interesting:
Tiny Vernon generates a quarter-billion-dollar stream of revenue each year, much of it from city-owned electric, gas and water utilities.
Imagine: A town of 112 residents, with a daytime population of 50,000, gets $250 million a year from public power. And San Francisco, with a federal mandate for public power, doesn't.
Any on the Budget Committee paying attention?