PG&E Bills Could ‘Easily’ Triple in 5 Years. What Can Fresno Do About It?

Source: GV Wire  |  By Brian Phelps

Fresno area ratepayers will start paying as much as 50 cents a kilowatt hour in June and could see jumps to as much as $1 kWh over the next five years…. Already burdened by some of the nation’s highest power rates, steep future hikes could deal crippling blows to Valley residents and businesses alike.

“Over the next four years (PG&E) is requesting a 50% increase, that is their request. This is not speculation,” Mark Toney, executive director of The Utility Reform Network, told GV Wire. “They have put billions and billions of dollars on the table… to generate enormous profits and get a rate of return of 10%.”