State Regulators Unanimously Approve PG&E’s 4th Rate Hike for 2024
Written By Alejandra Cruz
Source: ABC 7 News | By Cornell Barnard
The California Public Utilities Commission voted unanimously to approve the hike which amounts to about $6 more on an average bill a month. In February, PG&E announced its profits for 2023 surged to over $2.2 billion - a jump of almost 25 percent.
"These outrageous profits that the PG&E shareholders are pocketing are coming out of the pockets of customers," said Mark Toney who works for The Utility Reform Network or TURN. He says the profits are a slap in the face to customers after substantial rate hikes at the beginning of 2024. "I think a lot of people get upset and say, PG&E cries poor me and yet they have plenty of money," Toney said.
Featured
