Tom Steyer is smashing self-funding records with an unprecedented $193 million poured into his own campaign as he tries to advance past California’s wide-open primary for governor.
The race’s second-largest donor is trying to prevent that from happening.
PG&E, the Oakland-based utility giant, has shelled out more than $12 million to oppose the Democratic investor, a historic level of spending for the utility in a governor’s race.
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The campaign to sink Steyer’s chances (and recently, boost former Health and Human Services Secretary Xavier Becerra), whose ads target Steyer’s career as a hedge-fund manager, reasons that an investor with no government experience is ill-suited to manage the difficult tradeoffs that come with the state’s top job.
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