PG&E asks to raise rates for California customers so it can pay investors more

[Spartan]

Pacific Gas and Electric Co. said Thursday it has asked California regulators to raise rates, citing a need to “adequately compensate investors” amid risks in the business environment.

The utility said in a Cost of Capital filing that the current risks include inflation and supply chain disruptions that could impact prices and interest rates, federal government actions that could affect costs, extreme weather events and having to be liable for damages caused by its equipment.

PG&E spokesperson Lynsey Paulo said that as utilities raise capital to invest in their systems, they recover the costs over time and use financing to pay for the upfront funding. Every three years, the Cost of Capital is how it recovers the costs associated with that financing.

“PG&E seeks to adequately compensate investors for these risks, consistent with other companies with similar risk levels across the country,” the utility said on its website.

PG&E’s proposal calls for increasing residential customer bills by about $5.50 per month, starting as soon as Jan. 1, 2026.

The new request comes after the California Public Utilities Commission, which Gov. Gavin Newsom's administration oversees, approved six rate increases for PG&E in 2024.

PG&E also reported a record $2.47 billion in profits in 2024, which was an increase from an earlier record that was set in 2023.

[Moon_Walker]

Just now, Spartan said:

Pacific Gas and Electric Co. said Thursday it has asked California regulators to raise rates, citing a need to “adequately compensate investors” amid risks in the business environment.

The utility said in a Cost of Capital filing that the current risks include inflation and supply chain disruptions that could impact prices and interest rates, federal government actions that could affect costs, extreme weather events and having to be liable for damages caused by its equipment.

PG&E spokesperson Lynsey Paulo said that as utilities raise capital to invest in their systems, they recover the costs over time and use financing to pay for the upfront funding. Every three years, the Cost of Capital is how it recovers the costs associated with that financing.

“PG&E seeks to adequately compensate investors for these risks, consistent with other companies with similar risk levels across the country,” the utility said on its website.

PG&E’s proposal calls for increasing residential customer bills by about $5.50 per month, starting as soon as Jan. 1, 2026.

The new request comes after the California Public Utilities Commission, which Gov. Gavin Newsom's administration oversees, approved six rate increases for PG&E in 2024.

PG&E also reported a record $2.47 billion in profits in 2024, which was an increase from an earlier record that was set in 2023.

PG&E vodini mottham dukaanam musesi outsourcing chesukomanu vere state nundi. That will be lot cheaper. Em hopeless corrupt scumbags really.

[Spartan]

business investors ki sare..

mari monthly dabbul kadtunna janalaki em help chestunnav ra..

veedi fires valla people lost homes, insurance companies tripled the insurance in last 3 yrs...

malli solar pettukunetollani kuda vadalakunda dabbul lagutunnaru...

[Spartan]

Just now, Moon_Walker said:

PG&E vodini mottham dukaanam musesi outsourcing chesukomanu vere state nundi. That will be lot cheaper. Em hopeless corrupt scumbags really.

ade kada...a Newsom gadini tannali mundu...

chesindanta chesi...gammune mingestunnadu ippudu..malli vedu Presidential Candidate ki poti anta...

[psycontr]

They need to increase tarrifs so they can invest in technology upgrades and improve customer experience.

[Android_Halwa]

Ie PGE ki koncham kuda siggu sheram anedi vundadu..

People in Nevada pay 11 cents per unit…Mid summer la AC blast kottina maha aithe oka $200 vastadi….ida just to keep things moving antha vastadi..

[ARYA]

18 minutes ago, Spartan said:

Pacific Gas and Electric Co. said Thursday it has asked California regulators to raise rates, citing a need to “adequately compensate investors” amid risks in the business environment.

The utility said in a Cost of Capital filing that the current risks include inflation and supply chain disruptions that could impact prices and interest rates, federal government actions that could affect costs, extreme weather events and having to be liable for damages caused by its equipment.

PG&E spokesperson Lynsey Paulo said that as utilities raise capital to invest in their systems, they recover the costs over time and use financing to pay for the upfront funding. Every three years, the Cost of Capital is how it recovers the costs associated with that financing.

“PG&E seeks to adequately compensate investors for these risks, consistent with other companies with similar risk levels across the country,” the utility said on its website.

PG&E’s proposal calls for increasing residential customer bills by about $5.50 per month, starting as soon as Jan. 1, 2026.

The new request comes after the California Public Utilities Commission, which Gov. Gavin Newsom's administration oversees, approved six rate increases for PG&E in 2024.

PG&E also reported a record $2.47 billion in profits in 2024, which was an increase from an earlier record that was set in 2023.

solar unna kuda 200+ vastundi bill...summer pagilipoddi emo  

[tennisluvrredux]

19 hours ago, ARYA said:

solar unna kuda 200+ vastundi bill...summer pagilipoddi emo  

$250+ Anna even with almost minimal usage 

[ARYA]

Just now, tennisluvrredux said:

$250+ Anna even with almost minimal usage 

Nenu AC kuda veyyaledu challaga undi kada ani…this pge fellow will show stars for summer…mountain house batch are enjaaing man…vallaki pge kadu anta…

[Spartan]

19 hours ago, ARYA said:

solar unna kuda 200+ vastundi bill...summer pagilipoddi emo  

na major aplliances gas

anduke not houng solar

 

[paaparao]

19 hours ago, Spartan said:

business investors ki sare..

mari monthly dabbul kadtunna janalaki em help chestunnav ra..

veedi fires valla people lost homes, insurance companies tripled the insurance in last 3 yrs...

malli solar pettukunetollani kuda vadalakunda dabbul lagutunnaru...

you just need republican governor. then entire desperation, losses will go away in california state. 

[ARYA]

2 minutes ago, Spartan said:

na major aplliances gas

anduke not houng solar

 

Gas bill pelutundi kada? 

[Spartan]

47 minutes ago, ARYA said:

Gas bill pelutundi kada? 

yes ekkuva vastadi

[Spartan]

50 minutes ago, paaparao said:

you just need republican governor. then entire desperation, losses will go away in california state. 

evad vachina we need a proper leader

not a bootlicking governor like newsom

who got kickbacks to his wifes ngo from pge., to pass the bill against solar users

that bill brought down the entire solar industry in Cali

[paaparao]

1 minute ago, Spartan said:

evad vachina we need a proper leader

not a bootlicking governor like newsom

who got kickbacks to his wifes ngo from pge., to pass the bill against solar users

that bill brought down the entire solar industry in Cali

Arnolz schwaznegar lanti loafer kakunda proper american values unna Republican leader vosthe California bavuntadi.