Wednesday, June 21, 2023

The Daily Money: California considering income-based electricity bills

California's Public Utilities Commission is considering proposals that would make electricity costs vary by income.

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Wed Jun 21 2023

 

Bailey Schulz Money Reporter

@bailey_schulz

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.   

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Workers install solar panels during the completion phase of a 4-acre solar rooftop atop AltaSea's research and development facility at the Port of Los Angeles, in the San Pedro neighborhood, on April 21, 2023 in Los Angeles, California.

Mario Tama, Getty Images

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.

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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 USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.

In this March 23, 2010, file photo, team leader Edward Boghosian, right, and electrician Patrick Aziz, both employees of California Green Design, install solar electrical panels on the roof of a home in Glendale, Calif. California has set a goal of getting 33% of its electricity from renewables by 2020 and has a separate effort to install nearly 2,000 megawatts worth of solar panels on rooftops by the end of   2016.

California's dramatic plan for electricity bills means rich people would pay more to support the power grid and the state's transition to net zero.

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GLENVIEW, IL - JULY 06: Pennies are displayed at Glenview Coin & Collectibles July 6, 2006 in Glenview, Illinois. Reportedly due to manufacturing costs, the US Mint may be contemplating discontinuing the penny.  (Photo by Tim Boyle/Getty Images)
 

Worker paid with 91,500 dirty, oily pennies, feds say. Now boss owes much more

Georgia auto shop owner Miles Walker has to pay Andreas Flaten and 8 coworkers nearly $39,934 in a judgment after originally paying in dirty pennies.

A man walks through a used car lot in Pittsburgh on Thursday, Sept. 29, 2022.
 

Banking on trading in your car? It may not be worth as much as you think.

Car buyers could increasingly run into something called "negative equity" as they try to trade in vehicles bought after pandemic pricing hit.

Religious person studies Bible and holds prayer beads, low-key image
 

Restaurants to pay $140,000 after using alleged priest for staff confessions

The Department of Labor found the restaurants had multiple violations, including using an alleged priest to get employee confessions.

A Tesla Model S sedan is plugged into a Tesla Supercharger electrical vehicle charging station in Falls Church, Virginia on Feb. 13, 2023.
 

Cars.com finds Tesla among the top automakers fueling the US economy

The report ranks new vehicles that contribute to the U.S. economy based on assembly locations, the sourcing of parts and manufacturing jobs.

Bag fees are (almost certainly) here to stay. They're just too profitable for airlines.
 

Cruising Altitude: Why airlines love bag fees even if you don't

Most U.S. airlines charge passengers to check bags. They make billions of dollars that way and are actually more popular with passengers than ever.

2022 W4 Retouched Product Image:  Chorizo & Egg Flatbread Wrap  (image + shadow + white background/transparency)
 

Dunkin' brings back caramel cold brew, adds wraps to menu

The Dunkin' wraps include one with chorizo and egg and one with chicken and roasted pepper. The Caramel Chocoholic Donut also returns.

Raising Cane's and Post Malone have teamed up to create limited-edition collector's cups.
 

Post Malone, Raising Cane's team up to launch limited-edition collector's cups

Raising Cane's says the cups draw inspiration from Post Malone's tattoos and iconic on-stage moments, and reflect his signature flair.

Domino's     • Year founded:  1960     • Original location:  Ypsilanti, MI     • Approximate number of units (US only):  6,572 In 1960, brothers Tom and James Monaghan scratched together $1,400 to purchase a small pizza chain named DomiNick's in Ypsilanti, Michigan. After eight months, James decided that he didn't want to quit his job as a postman, so he exchanged his shares in the company for Tom's Volkswagen Beetle (one of the   absolute all-time worst business decisions). Tom expanded out to three locations within five years and changed the name from DomiNick's to Domino's - the three dots on the logo are symbolic of these first three locations. Tom ran the company until 1998.
 

Domino's no longer requires addresses for delivery through 'pin' program

Domino's Pizza launched a new Pinpoint Delivery program, allowing customers to order delivery by providing a pinned location instead of a address.

Royal Caribbean's new ship, Utopia of the Seas, will debut in July 2024.
 

Royal Caribbean's new ship will offer weekend-friendly sailings

Royal Caribbean's new ship, Utopia of the Seas, will debut in July 2024, offering short sailings.

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