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PG&E requests another rate hike

PG&E is asking state regulators for another rate hike that would take place in 2020.

Posted: Apr 23, 2019 5:49 AM
Updated: Apr 23, 2019 8:57 AM

SAN FRANCISCO, Calif.- PG&E is asking state regulators for another rate hike that would take place in 2020.

In the face of thousands of wildfire lawsuits, the utility is seeking the funds to improve the safety and reliability of its system. 

The California Public Utilities Commission must approve the proposal for it to take effect. 

Combined with the previous request made in December, this would significantly impact customers, raising monthly rates an average of $22 dollars per month. 

PG&E says the increase is tied to its need to attract investors and reflects the utility's financial predicament. 

Governor Gavin Newsom's office released a statement that reads in part:

"PG&E is requesting massive increases in costs to ratepayers in order to generate profits for investors - all while wildfire victims' claims sit in bankruptcy."

 

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