VIDEO: California regulators propose higher rates for PG&E customers to reduce wildfire risk
Source: CBS News | By Tori Apodaca
Power bills for about 16 million people in Northern California will likely increase after state regulators released two rate proposals for one of the nation's largest utilities Wednesday.
The California Public Utilities Commission is finishing up its once-every-four-years review of Pacific Gas & Electric, the Oakland-based utility that provides electric and gas service to a 70,000-square-mile (181,000-square-kilometer) area in northern and central parts of the state. The commission must approve how much PG&E can charge customers and how it will spend that money.
The Utility Reform Network, which advocates on behalf of ratepayers, has argued that a faster and cheaper way to reduce wildfire risk is to insulate power lines instead of burying them.
It appears the commission agrees. Both of its proposals would approve rate increases sufficient to bury less than 1,000 miles (1,600 kilometers) of lines.
Still, "both proposed decisions adopt substantial and painful increases to monthly bills, far beyond the cost of inflation, which (we believe) should be a cap for bill increases," said Mark Toney, executive director of The Utility Reform Network.
