PG&E Price Hikes Have Homebuyers Looking Outside of Company’s Territory

Source: CBS News  |  By Kayla Moeller

Get ready to pay more for your Pacific Gas and Electric service. State regulators have approved yet another rate hike for the utility company. The change will add about an average of $5 a month to customers' bills. That's on top of historic hikes that went into effect just two months ago. The back-to-back rate hikes even have people looking to buy a home outside PG&E's coverage territory.

"We're talking about a $5 a month increase on top of the $38 increase that went into effect on January 1. The customers of PG&E deserve an explanation," said Mark Toney, executive director of the Utility Reform Network. "Since the public utilities commission is unwilling to set these limits, we need the legislature to step in and set these limits," Toney said