CPUC Proposes Lower PG&E Rate Hikes Than Requested to Fund Wildfire Safety Upgrades

California regulators released two rate hike proposals for PG&E that would increase revenue up to 13%
The increases would pay for wildfire safety improvements like burying power lines, but far less than PG&E's request
The proposals are less than PG&E's initial request for a 26% revenue increase
Consumer advocates say the increases are too high and exceed inflation
The CPUC will consider the proposals at its November 2nd meeting as part of a rate review done every 4 years

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Relevant topic timeline:

8/21/2023

Why Seattle-area power bills are rising at fastest rate in a decade

Seattle-area residents are experiencing the largest increase in household energy costs in a decade, primarily due to rising electricity costs and higher natural gas prices, causing financial difficulties for many residents who are cutting back on expenses for food and medicine.

8/24/2023

TVA raises rates, ends pandemic credits as higher inflation, interest rates and power demand push up costs

The Tennessee Valley Authority (TVA) is set to raise its base electric rates by 4.5% starting October 1st, which will result in a $3.50 increase for the typical residential customer, due to higher inflation, interest rates, and power demand; local power companies like EPB are also expected to add their own rate increases once TVA ends pandemic credits granted to the distributors. Additionally, TVA's power demand is projected to double by 2050, triggering the need for new power generation and potentially more rate increases in the future.

9/14/2023

California Regulators Seek to Limit PG&E Rate Hike to 13% to Fund Wildfire Prevention

The California Public Utilities Commission has released two rate proposals that would likely result in higher power bills for Pacific Gas & Electric (PG&E) customers as part of efforts to reduce the risk of wildfires.

10/9/2023

We Energies Proposes Rate Hike Starting in 2024, Public Hearings Set for October

We Energies has filed a proposal to increase electric and natural gas rates in January 2024, and the Public Service Commission of Wisconsin is seeking public input on the matter.

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Posted 9/14/2023, 2:56:37 PM