Your PG&E Rates Are About to Spike Again. California Pols Have Three Ways to Stem the Bleeding

Source: San Francisco Chronicle |By Mark Toney, Executive Director of TURN (contributor)

PG&E claims its rates are stabilizing. The numbers say otherwise.  According to an independent assessment by the California Public Utilities Commission’s Public Advocates Office, the state’s advocate for ratepayers, the average PG&E customer could pay $840 more annually by 2030, on top of the 69% rate increase during the paas decade.

PG&E is seeking to charge California ratepayers billions for outstanding costs, which will soon show up on our electricity bills. The utility has also requested and is expected to collect on several additional pending proposals to raise rates over the coming years and has $1.05 billion sitting in memorandum accounts that will be billed to ratepayers. This includes billions of dollars for wildfire mitigation, grid upgrades and other investments — as well as the hefty profit margins the utility is allowed to collect.

 
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