CPUC approves further PG&E rate hikes

Customers will see their bills increase by an average of $5 per month to cover wildfire mitigation and infrastructure costs.

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. 
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