PG&E Asks for Another Rate Hike Due to Climate Change

Source: KTVU |  By Tom Vacar

Climate change has aggravated inflation, but nowhere more than with Pacific Gas & Electric, the first major utility to deal with far more effects of extreme weather related to fire and floods. PG&E wants more money on top of the average $33 a month rate increase coming on New Year's Day.

Consumer group, The Utility Reform Network is hotly opposed. "It's gonna be between $12 and $20 additional each month. That's on top of the $33 that's coming January 1," said The Utility Reform Network’s Executive Director Mark Toney. Here's the kicker. "They want them to start collecting in March, even before the CPUC [California Public Utilities Commission] has held a proceeding and decided whether PG&E should get paid back by rate payers; two billion dollars for overspending," said Toney. One more kicker. "Oh, PG&E has several requests for at least another $3 billion," said Toney.