PG&E Wants Its Investors to Get a Better Return. Customers Would Pay Higher Rates

Source: Sacramento Bee |  By Stephen Hobbs & Kate Wolffe

Pacific Gas and Electric Co. wants to increase the amount of profit its investors can make, a move that could raise bills by roughly $5.50 per month for residential customers starting in 2026. The request is likely to add even more frustration with the company among customers and legislators at the Capitol.

“I’m absolutely stunned by the size of the increase they are requesting,” said Mark Toney, executive director of The Utility Reform Network, also known as TURN. “We have an affordability crisis, they reported record-breaking profits two years in a row.”