PG&E Rate Increases for the Next Four Years
Source: Lifeline with Craig Roberts | By Craig Roberts, iHeart Radio Network
"PG&E is not even feigning embarrassment and coming straight for a 24.5% rate increase over the next five years. Add that to what we went through over the last 21 months and it becomes a big ouch for every ratepayer’s pocketbook. Joining me today in the studio is our friend, Executive Director of The Utility Reform Network or TURN, Mark Toney.”
“What PG&E is asking for over the next four years is for your annual gas and electric bill to go up by $500 a year, $42 a month is what they’re requesting. After all these rate increases we have had over the past few years, that is going to hurt a LOT of people” Mark Toney said.
“Mark, when we include the price we pay at the pump, the price we pay at the grocery store, if you’re a homeowner did you just receive your tax bill, funny how Prop 13 limits property tax increases but at the end of the day, these customers for these rate increases might have to say ‘I don’t have it.' Now what you’re asking me to do is to decide if I stop eating meat altogether, or choose which medications I need to have.”
“ I have more unwelcome news—only 50% of PG&E’s increases are within this general rate case request. PG&# has another 10 rate increase proposals right now pending with the Public Utilities Commission, so each one of those is going to get stacked on top of this. So we’re not just looking at $500 a year, we could be looking at closer to $1000 a year by the time we get to 2030. Everybody, Craig, is looking at huge rate increases."
