The Daily Money: California wants electricity bills based on income
Happy Wednesday, Daily Money readers. It’s Bailey Schulz here with the day’s top headlines.
California’s Public Utilities Commission is considering proposals that would make electricity costs vary by income.
The state’s three major utilities each proposed in April to implement a fixed charge based on customers’ income. The lowest-income users would pay the smallest fixed charge while the highest earners would pay the largest to cover the upgrade, maintenance and transitioning of the electric grid as California moves toward net zero carbon pollution by 2045.
The commission’s final decision on the plans is expected by July 2024. After that, utilities will get additional time for implementation.
A boss paid a former employee with 91,500 dirty pennies. It cost him.
A disgruntled auto repair shop owner who retaliated against a former employee by paying him nearly $1,000 in "dirty, oily pennies" now owes even more money, a federal judge ruled.
Andreas Flaten, a former employee at A OK Luxury Autoworks in Peachtree City, Georgia, contacted the U.S. Department of Labor's Wage and Hour Division after owner Miles Walker failed to give him his final paycheck. Walker retaliated by paying Flaten's final wages of $915 in "91,500 oil-covered pennies" with a pay stub "marked with an expletive to the worker’s home," according to a press release from the Labor Department.
Walker was ordered to pay Flaten and more than a half-dozen coworkers nearly $40,000 for back wages and liquidated damages.
📰 More stories you shouldn't miss 📰
Your car may be worth a lot less than you owe. Here's why trading it in could be harder.
California restaurants used alleged priest for employee confessions, must pay $140,000: DOL
Which cars help fuel the American economy? Cars.com releases annual American-made index
Cha-ching: Airlines make bank from bag fees even if you hate them | Cruising Altitude
🍔 Today's Menu 🍔
Dunkin’ is adding two wraps to its menu: the Chorizo & Egg Wrap and the Chicken & Roasted Pepper Wrap.
The chain is also bringing back its Salted Caramel Cold Brew, as well as its Caramel Chocoholic Donut, a chocolate glazed doughnut topped with caramel icing and chocolate curls.
About The Daily Money
Each weekday, The Daily Money delivers the best consumer news from Paste BN. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.