PG&E Requests $2 Billion in Additional Rate Increases
On December 1, PG&E submitted a CPUC filing requesting its customers to pay an additional $2 billion in rate increases to cover wildfire mitigations costs, barely two weeks after approval of record breaking increases for its General Rate Increase.
The ink barely dry on the November 16 CPUC decision on the General Rate Case adding $33 to monthly bills of typical residential customers at the beginning of 2024, PG&E wasted little time filing a motion requesting that the CPUC authorize early collection from customers of $1.58 billion starting on May 1, 2024.
PG&E wants to start collecting from customers, even before the CPUC has completed a proceeding with all of the parties, and issued a ruling approving, rejecting or modifying the $2 billion request.
Another Tip of the Iceberg—With More PG&E Increases on the Way
Customer bills will increase by at least another $12 a month starting in May if the CPUC grants early collection, and up to $20 a month, if they approve the full PG&E request. This increase would be stacked, on top of the $33 increase already approved, and stacked on top of additional true up increases that take effect on January 1.
2024 is shaping up to be a painful year for PG&E customers, who may be looking at bill increases of $40–$60 a month more than in 2023, once all the increases are added up.
California Customers Need a Rate Cap—Unlimited Increases are Not Sustainable
The current system that sets no limits on rate increases, needs to be replaced by a cap on annual bills, set at the Cost of Living Adjustment provided by Social Security.
The greed of utility executives and Wall Street investors may have no limits, but customers who are falling behind in their bills need a cap to unlimited bill increases.
Contact: Mark Toney • TURN Executive Director • mtoney@turn.org • (510) 590-2862
SAN FRANCISCO— The California Public Utilities Commission today agreed to reduce the temperature that triggers a statewide ban on utility disconnections to 90 degrees Fahrenheit, rejecting corporate utilities’ proposal to keep the threshold at 100 degrees.
Oakland, CA - Today, The Utility Reform Network (TURN) has filed a motion to intervene in AT&T’s federal lawsuit against the California Public Utilities Commission and California Attorney General. TURN submitted this filing in partnership with the California State Association of Counties (CSAC), Rural County Representatives of California (RCRC), and the Communications Workers of America (CWA).
SACRAMENTO – Yesterday, Senator Steve Padilla (D-San Diego) introduced Senate Bills 886and 887, two measures designed to protect California ratepayers from the potential increased costs and environmental damage caused by data centers.
Oakland, CA — The Utility Reform Network (TURN) is calling on PG&E customers to raise their voices against PG&E’s proposed rate increases, which could drive monthly bills up by $42—totaling more than $500 annually—by 2030…
Sacramento, CA — California utility consumers are demanding lawmakers rein in skyrocketing rates and hold for-profit investor-owned utilities (IOUs) accountable…
Coalition applauds Senate’s SB 254 release; calls for swift passage alongside CAP’s affordability measures for both immediate relief and long‑term savings…
Los Angeles, CA — Southern California Edison (SCE) reported a record $1.619 billion in 2024 profits today, a 9.8% increase from the previous year. While profits increased, SCE customer’s rates have increased by 26% in the last three years…
San Diego, CA — San Diego Gas & Electric today reported near record profits of $891 million off the backs of customers. SDG&E’s earnings report follows over $1.6 million spent in 2024 by its parent company…
SAN FRANCISCO — Pacific Gas & Electric (PG&E) today reported a 10% increase in profits from 2023 to 2024, totaling $2.48 billion dollars.
Sacramento, Calif. — California’s four major investor-owned utilities (IOUs) — for-profit corporate utilities — spent a staggering $21,854,420 on lobbying and influence efforts in 2024.
