Thomas Steyer highlights risks posed by California utility monopolies

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08.01.2026

Thomas Steyer highlights risks posed by California utility monopolies — @TomSteyer: Steyer criticizes utility monopolies

Thomas Steyer, an influential figure in sustainable business and politics, has raised concerns about the impact of utility equipment on California's most devastating wildfires.'''Utility equipment is responsible for nearly half of California’s most destructive fires''', he stated, noting that last year's Eaton fire was among those linked to such equipment. Steyer accuses utility monopolies of prioritizing profits over public safety, which echoes a growing sentiment in the region demanding accountability and reform in utility practices to prevent future tragedies.

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Steyer’s critique comes amid heightened scrutiny of utility governance and follows his broader policy agenda in the state. His comments on wildfire accountability resonate with themes from his bid to address public safety and affordability during his candidacy for California governor. Additionally, the momentum behind regulatory reform aligns closely with efforts that earned Steyer the endorsement of California Senator Henry Stern for his climate and energy initiatives.

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