for profit

Michael Itzkowitz, founder and president of HEA Group, said some of the issues in Los Angeles County region can be linked to the high number of private, for-profit schools — 62 out of 87 institutions in all — which typically cost much more than public colleges.

The commission designed the new monthly charge, which applies to customers of the state’s three largest for-profit electric companies, so that revenue increases from the new fees match the loss from the lower price per kilowatt hour.

After bankruptcy proceedings, Madera Community is now owned and operated by American Advanced Management, a for-profit company that has made a business out of rescuing distressed and shuttered hospitals.

Southern California Edison, and the state’s two other large for-profit electric companies, had been lobbying Gov. Gavin Newsom and legislative leaders, urging them to pass legislation to replenish the state’s $21-billion fund that pays for damages of utility-caused fires.

Funds are available to nonprofit and for-profit developers, as well as community land trusts, limited equity housing co-ops, public entities and other organizations.