PG&E wants to gradually add $30 per month to the average residential bill
The 16 million people served by Pacific Gas and Electric Co. will not pay more money as a direct result of the utility’s plan to resolve its bankruptcy case, company leaders say.
But residents’ monthly bills could still go up — a lot — if other PG&E proposals come to fruition.
One big reason is the wildfire problem that led to the company’s bankruptcy. PG&E plans to spend a lot to prevent more disasters linked to its power lines and has already asked state regulators to approve higher rates to fund the work.
PG&E also wants the state to allow higher shareholder profits, a step the company says is needed to continue attracting investors despite worsening wildfire risks. Separately, the company wants rate increases related to its gas transmission and storage facilities, its federally regulated electric transmission system and the planned closure of the Diablo Canyon nuclear power plant in San Luis Obispo County.
Read more: https://www.sfchronicle.com/business/article/PG-E-wants-to-gradually-add-30-per-month-to-the-14377330.php
