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Unpaid utility bills? California will pay off $2 billion to avoid shutoffs
What will happen to all those unpaid utility bills? That's a question we've been asking for several months now. Here's one possible answer: they don't matter.
California plans to forgive $2 billion worth of utility bills. Some of the money will be distributed directly to utilities but they will have to opt into the program first. They will also have to offer customers with pandemic debt a payment plan.
But California does not plan to extend the Sep. 30 moratorium on utility disconnections. New York's moratorium ends in September as well. Unrelated to utilities, here's an astounding snippet from the article: Deborah Bell-Holt, one of those who had utility bill debt, took out a $500 loan at 347 percent interest to make a temporary payment on her bill.
Unpaid utility bills? California will pay off $2 billion to avoid shutoffs
Lawmakers have agreed to pay off $2 billion of Californians' utilities debt, but haven’t extended the shutoff moratoria past Sept. 30.
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