Possible Rate Increases From PG&E

Possible Rate Increases From PG&E

Motherlode residents may see a rate increase from PG&E. According to the California Public Utilities Commission, two separate proposals were submitted for consideration. Combined they would increase monthly electricity rates by around $9.10 and natural gas rates by $1.80. In total, $1.4 billion would be collected over a two year period. The first proposal would help collect money to harden the company’s electrical grid and repair infrastructure that was damaged during windstorms last year. The second proposal would help cover the increasing insurance costs for the utility. Meanwhile, the state’s public utility commission will review the proposals at their next meeting. The next few months will prove critical, as PG&E has to be out of bankruptcy by June 30th to be eligible for funds from a $21 billion insurance pool created by the legislature to pay for claims from future wildfires.

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