Pacific Gas and Electric customers will be paying more starting next month after a rate hike approval from the California Public Utilities Commission.
The new rate hikes are intended to cover costs for wildfire mitigation and infrastructure modernization.
Driving the news: Thursday, the CPUC approved the rate hike for PG&E customers, which is expected to add $4 to $6 per bill.
- The increases come after rate hikes already went into effect in January, pushing bills up by an average of 13 percent.
- PG&E bills have increased by 38 percent since 2021 according to regulatory filings.
- PG&E is also looking to increase rates by another $14 later this year to pay for repairing damage from the storms last year.
- While PG&E has successfully lobbied for rate hikes, the utility earned over $2.2 billion in profit last year.
