PGE Seeks to Increase Rate Hikes for Gas and Electric

Written By Nathan Fletcher

SOME OF THE LARGEST TAKEAWAYS FROM THIS ARTICLE INCLUDE:

  • It is one of the highest — if not the highest — rate hikes ever sought by the for-profit company that is coming out of its second bankruptcy in 20 years and on target by its own estimation to post record profits in the next few years.

  • The monthly electric costs for a typical residential customer would increase by $25.19 in 2023 and an additional $3.94 in 2024, $2.40 in 2025, and $0.72 in 2026.

  • The CPUC allows PGE and other for-profit utilities to have a return — basically a profit — that accounts for at least nearly 11 percent of every dollar they collect from customers for transmission and distribution as well as the cost of electricity and gas that is consumed.


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Nathan Fletcher
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