I know your comment was facetious, but...the utilities don't have anything to do with the subject of this article, the independent system operator does (caiso). They control the generation and distribution of power, the utilities are simply users. The ISO is regulated by FERC and neither answers to nor contributes profits to the IOUs. You may be interested to know that in fact the regulated utilities that deliver you your power (what you think of as "the power company") are simply price takers on the day ahead and hour ahead auctions the ISO runs, they don't make money off that at all. They are regulated monopolies who's profits are determined by the regulating agency, in their case the CA PUC. It's worth doing a bit of research into how regulated monopolies like power companies work, it's probably nothing like you think.
BTW, do you really live in California and use the term "cali"? Must be a SoCal thing if you do, that just sounds like a tourist saying "Frisco" to me having lived in the Bay Area.
