- $10 billion in undergrounding increases proposed GRC capital spending by 24%, from $31 billion to $38 billion*
- PG&E reduced other capital spending by $3 billion due to undergrounding, resulting in a net increase of $7 billion in capital spending.
- PG&E estimates the bill impacts of this record-breaking increase for the average residential non-CARE customer as $36/month, an increase of $432/year—before the $7 billion increase for undergrounding is taken into account.
- PG&E estimates the bill impacts of this increase for the average residential CARE customer as $24/month, an increase of $288/year.
CPUC Must Live Up to Its Commitment to Affordable Bills & Reject Stunning PG&E Proposal
- Mindboggling PG&E increases are a punch in the gut to millions of California residents hurting economically from the pandemic and struggling to get back on their feet.
- The proposed GRC increases are on top of 20% PG&E bill increases already approved in 2022, and do not include PG&E’s $5.5 billion wildfire mitigation spending not yet approved.
- The CPUC needs to protect affordable monthly bills by capping all rate increases at the rate of inflation, or the COLA increase received each year by people on Social Security.
- TURN will release a statement discussing the details of the PG&E proposal to underground thousands of miles of existing wires after thorough review.
Contact: Mark Toney • Executive Director • TURN email@example.com • (510) 590 2862