Electric bills for most of the Central Valley will be on the rise once again.
Thursday, the California Public Utilities Commission (CPUC) voted to approve a $6 per month increase for Pacific Gas & Electric (PG&E) customers.
Driving the news: PG&E is currently paying $903 million, plus interest, to cover costs for wildfire mitigation and damages caused by severe storms in 2022 and 2023.
- The rate hike would cover PG&E’s costs.
The big picture: The CPUC approved the increase by a 4-0 vote.
- Monthly bills will be higher by $6 per month for 17 months, until PG&E recoups the $903 million.
- According to the San Francisco Chronicle, the increase was the fourth such rate hike so far in 2024.
- The CPUC did not discuss the rate hike and simply approved it during the consent calendar portion of Thursday’s meeting.
Zoom out: The average PG&E bill is currently at $281 per month, including costs for both gas and electricity.
