California regulators are facing pressure to limit the profits of investor-owned utilities, with recommendations to reduce the profit rate for companies like SDG&E. Despite potential cuts to profits reaching historic lows, customers may not see significant decreases in their electricity bills. Senator Sasha Renée Pérez has called on the California Public Utilities Commission to reject proposals that would increase utility profits, emphasizing the need to address excessive earnings in the energy sector. As discussions continue, the future of energy pricing and utility profit structures remains a hot topic.