California's CPUC approves PG&E to recover $144m in energization costs, potentially increasing rates.
The California Public Utilities Commission (CPUC) has approved a plan that may lead to further rate hikes for Pacific Gas & Electric (PG&E) customers, as it allows PG&E to recover costs for energization projects up to $144m this year. Critics argue that rising rates have already doubled electric bills in the last five years, while PG&E and the CPUC maintain that the energization upgrades will save customers money in the long run.
July 12, 2024
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