New Push to Limit PG&E Rate Increases in California

Source: KSEE/KGPE |  By Rhett Rodriguez

There’s a new push to limit just how much and how often utility companies can raise rates in California. This comes after PG&E recorded a record profit in 2024 of $2.47 billion while increasing rates six times in that same amount of time.

“We have to fix a broken system. There are no limits on how much PG&E can ask for increases and how many times a year they can ask,” said Mark Toney with TURN, the utility reform network. He says he is hopeful that the power dynamic between customers and energy companies is shifting, with the introduction of Senate Bill 332.