PG&E is Now Seeking $66 More a Year

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Written By Alejandra Cruz

Source: Manteca/Ripon Bulletin |  By Dennis Wyatt

PG&E wants yet another rate increase. And this time its to make sure its investors are kept whole against risks the for-profit utility may incur. The filing Thursday with the California Public Utilities Commission pencils out to roughly $5.50 a month or $66 a year for residential customers.

The Utility Reform Network (TURN) is urging the CPUC to reject the request. “California utilities are driving an affordability crisis, with families paying billions in excessive costs while investor profits soar,” said Lee Trotman, Communications Director of TURN.

 
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