PG&E Profits Soar to $2.24 Billion While Raising Customer Bills, Sparking Backlash
• PG&E reported a 2023 profit of $2.24 billion, a nearly 25% increase over prior year
• This comes after a series of rate hikes that have increased customer bills significantly
• Customers are frustrated, saying the rate hikes are making bills unaffordable
• PG&E said they are "excited about the future" they are creating
• Advocacy group TURN said PG&E's profits are "outrageous and unacceptable" while customers face record high bills