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

[ARYA]

4 hours ago, Spartan said:

yes ekkuva vastadi

Em unnai gas based? Cooktop, heater, WD , dishwasher and? 

[paaparao]

5 hours ago, Spartan said:

yes ekkuva vastadi

gas bill NC lo kuda ekkuva untadi winter lo for using heat. power bill kuda ekkuva undi. wherever democrat governor there is full corruption. 

[Jimmyfallon]

51 minutes ago, paaparao said:

gas bill NC lo kuda ekkuva untadi winter lo for using heat. power bill kuda ekkuva undi. wherever democrat governor there is full corruption. 

gas bill will go up automatically due to heater usage in winter kada va..

[Spartan]

58 minutes ago, ARYA said:

Em unnai gas based? Cooktop, heater, WD , dishwasher and? 

water heater

stove

heater

dryer

[anna_gari_maata]

On 3/21/2025 at 4:56 PM, 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.

Shift to Austin no ?

[ARYA]

3 hours ago, Spartan said:

water heater

stove

heater

dryer

hmm...main driver is AC no...adi okkati chalu summer lo big hole pettadaniki 

12 minutes ago, anna_gari_maata said:

Shift to Austin no ?

jobs lev kada bro akkada

[Spartan]

3 minutes ago, ARYA said:

hmm...main driver is AC no...adi okkati chalu summer lo big hole pettadaniki 

jobs lev kada bro akkada

iklada peninsula lo maaku AC ekkuva use undadu max 5-10 times on chesta nenu ante

[ARYA]

1 hour ago, Spartan said:

iklada peninsula lo maaku AC ekkuva use undadu max 5-10 times on chesta nenu ante

same maku kuda but last yr summer chirigindi kada...