PG&E Price Hikes in Spite of Profit Increase

Source: KPFA Radio |  By Sabrina Jacobs

PG&E price hikes in spite of profit increase, their continued grifting and what can be done about it. PG&E reported a record 10% increase in profit over 2023’s earnings while raising rates six times in 2024, and also spent millions lobbying the CPUC.

“While utility executives and shareholders reap billions from rate hikes, customers are forced to choose between basic necessities and utility bills” said Lee Trotman, TURN’s Communications Director. “Six rate hikes in a year and then PG&E reports record profits?  That is astounding.  Customers need to call their senators and assembly members every time they receive their bill” continued Trotman.