PG&E Seeks Another $2 Billion Rate Increase. Customer Bills Could Soar $40-$60 a Month.

Source: GV Wire |  By Nancy Price

Not even a month after Pacific Gas and Electric’s rate case adding billions of dollars of revenue annually was approved by the California Public Utilities Commission, PG&E is seeking another $2 billion from customers. On Dec. 1, the utility company filed a motion with PUC for higher revenues to cover its unreimbursed costs for wildfire mitigation, catastrophic events, and other items.

PG&E has racked up uncompensated costs that the company says are creating a financial burden and putting its creditworthiness at risk. Toney said PG&E’s decision to significantly overspend on wildfire mitigation and in other accounts shouldn’t be borne by customers whose rates are already among the highest in the nation. “Yes, they may be in debt. But guess who put them in debt? It was themselves,” he said.