PG&E Seeks Rate Increases; Average Monthly Bills Would Rise Over $10
SAN FRANCISCO (CBS SF) – Pacific Gas & Electric Company is seeking permission from the California Public Utilities Commission to increase its customers' electricity and gas bills.
If approved, average customers can expect their monthly bills to rise $10.57 in 2020.
In filings submitted Thursday, PG&E listed several reasons for charging customers more, including safety measures and wildfire prevention.
PG&E seeks $1.06 billion in additional revenues for 2020, $454 million in 2021 and $486 million in 2022.
The increase would not include money PG&E might have to pay for lawsuits connected with recent wildfires. PG&E also said funds from the rate increase would not go towards executive compensation.
Public hearings will be held before a decision is made.