PG&E Says It’s ‘Stabalized’ Customer Bills, Expects No More Rate Hikes in 2025

Source: NBC Bay Area  |  By Alyssa Goard

PG&E reported its second-quarter earnings on Thursday, and as part of the conversation with investors, executives also shared updates on the company's efforts to stabilize customer bills. A PG&E spokesperson also told NBC Bay Area on Thursday "[we] expect no rate increases the rest of 2025.”

Consumer advocacy organization TURN (The Utility Reform Network) doesn't think so. "I don’t see how PG&E is going to be lowering rates, I really question that people’s rates are actually going to go down," said Mark Toney, TURN's executive director. Toney said he is skeptical, in part, because of the spending and projects PG&E has been working on. TURN is supporting several pieces of legislation in Sacramento to limit utility spending and to keep future increases in line with inflation.