Depending on what territory you live in, the utility that provides your electricity is either owned or an Investor Owned Utility (IOU).

Contrary to popular belief, IOUs such as SDG&E, PG&E, and Southern California Edison, do not determine the rates charged on your electricity bill. Rather, the California Public Utilities Commission (CPUC) regulates rates.

This afternoon, I participated in my 24th commencement ceremony. This one (like the last nine) was for the students at Newman University in Wichita, Kansas, where I am an administrative drudge. It is always fun to see our students graduate, and it is always hard to see them go. What follows will be a sentimental and optimistic tribute to the students who graduated today. Continue at your own risk.