California’s biggest utilities are losing their monopolies. Is that a good thing?

San Diego’s decision to go into the power business was the last straw.

Ever since the city’s announcement last year, San Diego Gas & Electric has been telling state lawmakers it wants out of the business of buying and selling electricity. That may sound like a radical plan for a monopoly utility with nearly 1.5 million customers and annual profits that regularly exceed $500 million.

But given the state’s rapidly shifting energy landscape, it might actually make sense.

California’s three big investor-owned utilities — Southern California Edison and Pacific Gas & Electric are the other two — are losing a growing number of customers to government-run power providers called community choice aggregators, or CCAs. There’s a good chance the monopoly utilities will lose the vast majority of their energy sales to CCAs and other energy providers over the next few years.

Read the entire article at LAtimes.com