California Regulators Approve 4th Rate Increase for PG&E This Year 

Published on September 17, 2024

The California Public Utility Commission approved Sept. 12 the fourth rate increase this year for Pacific Gas and Electric Company (PG&E) customers—with bills expected to rise by about $6 per month starting Oct. 1. While PG&E requested an increase of $2.1 billion, regulators ultimately approved a $903 million spike. The higher prices will be distributed over a 17-month period to recoup costs, according to the utility commission. The panel of five unanimously passed the request during their meeting with no discussion from commissioners before the vote took place. The utility company said the application—submitted in January to recover wildfire mitigation and catastrophic event costs—was filed after winter storms in late 2022 and early 2023 impacted communities across the state. PG&E serves about 16 million people in Northern and Central California....

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