PG&E Profits Soar 25% to $2.2B After Customer Rate Hikes
- PG&E announces nearly 25% increase in profits to $2.2B for 2023
- Comes after implementing rate hikes in 2024; customers already paid some of highest bills
- Increase seen as "outrageous" and "slap in the face" to customers by consumer advocate
- PG&E states investments focused on safety, reliability, meeting demand, adding renewables
- Advocate calls for cap on rate increases to no more than cost of living adjustment