What Everybody Ought to Know About Prop 16
When we hit the voting booth on June 8th, we'll be faced with a handful of props. One of those you've probably seen commercials for on TV already -- you know, the ones that have the slogan "Protect Your Right to Vote." It's about letting the people decide if government or private businesses give new areas electricity service. Considering the recent LADWP drama, many in L.A. might want to side with the private sector, but the "right to vote" angle might not be what it's about. LA Times business columnist Michael Hiltzik this weekend took a look at a number of corporate sponsored ballot items, including Prop 16 (Yes/No), which he calls the "Immunize PG&E from Competition" initiative. Pacific Gas & Electric is a Northern California investor owned utility that has spent $28.5 million already funding the initiative.