California approves PG&E rate hike to pay for costs related to wildfires

Sharing is Caring!

by DCG

I’d be pretty ticked off if I was a PG&E customer because it doesn’t appear that the California Public Utilities Commission was working in favor of the publics’ best interest.

As reported by SF GateCalifornia regulators have approved a $373 million rate hike for Pacific Gas & Electric to pay costs related to a series of wildfires.

See also  California drivers react to the most expensive gas in America

KTVU-TV says the California Public Utilities Commission Thursday unanimously OK’d an increase that raises the average bill by $3.50 a month over 12 months.

The station says the money is supposed to be used to pay PG&E’s costs for nine fire, wind and rain events in 2016 and 2017, including repairs and clearing brush and trees from under power lines to prevent future fires.

See also  California, You Blew It Again.... ROGER SIMON: Abandon Ship! Time for Conservatives to Leave California

The hike won’t cover the billions it will cost PG&E in connection with 2018’s devastating wildfires.

The utility, which has filed for bankruptcy, is also seeking about $22 a month in rate increases for wildfire safety and to attract investors.

DCG

620 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.