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447179 |
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Date: March 29, 2025 at 15:31:31
From: ryan, [DNS_Address]
Subject: pg&e has a lot of nerve |
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they got 6 rate hikes in 2024...now they want to get another one to "increase shareholders' dividends"...simply amazing since their rates are already the highest in the nation...
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[447180] [447183] [447185] [447186] [447184] |
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447180 |
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Date: March 29, 2025 at 21:42:16
From: ao, [DNS_Address]
Subject: Re: pg&e has a lot of nerve |
URL: electricity rates by state |
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"their rates are already the highest in the nation..."
According to the data presented at the link above.. Cali.. statewide.. ranks 48th
highest..
But you're talking PG&E, so maybe the state by state average data don't track?
And still, that website says Cali comes in at 30.55 cents per kWh.. compared to
Hawaii’s 40.51 cents per kWh.
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Responses:
[447183] [447185] [447186] [447184] |
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447183 |
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Date: March 30, 2025 at 09:21:42
From: ryan, [DNS_Address]
Subject: Re: pg&e has a lot of nerve |
URL: https://www.kron4.com/news/bay-area/proposed-rate-hike-would-give-pge-highest-profit-rate-of-any-utility-in-the-country/ |
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pge only supplies power to northern cali, so the utility for socal probably brings the state average down...don't remember where i read that...i'll try to find it...
Proposed rate hike would give PG&E highest profit rate of any utility in the country
by: Rob Nesbitt
Posted: Mar 21, 2025 / 04:02 PM PDT
Updated: Mar 21, 2025 / 06:18 PM PDT
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(KRON) — Pacific Gas & Electric customers could see their bills increase next year by as much as $5.50. That’s what the utility company sent to the California Utilities Commission for approval yesterday.
PG&E says that prices are going up because their investors expect to be compensated when providing the utility company with funding. For many customers however, that’s a less-than-satisfactory reason for raising already high rates.
On Thursday, PG&E sent a request to California Public Utilities Commission (CPUC) asking to increase customers’ bills by $5.50 a month. If approved, the rate hike would take effect in January 2026.
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That doesn’t sit well with Executive Director of the Utility Reform Network, Mark Toney.
“I am absolutely stunned that PG&E would ask for such a huge increase in their profits for shareholders,” Toney told KRON4.
PG&E says the increase is happening because shareholders in the utility expect to be compensated for four main risks:
Inflation
Action by the federal government
Climate change
Damages caused by PG&E equipment such as wildfires.
Toney says the changes to your electric bills would give PG&E the highest profit rate of any utility company in the country.
“The CPUC should reject the increase that PG&E is asking for,” he said.
PG&E says if the increase is approved, they expect average annual bill increases to be limited to two to four percent throughout 2026, calling it a “Cost of Capital Routine” that’s done every three years.
The proposed increase would come on top of the $3 a month increase that customers are experiencing this year. The Utility Reform Network wants to see changes to PG&E equipment, not monthly bills.
“Insulate your overhead power lines, because it only costs one fifth of burying them underground and that’s going to save rate payers money,” Toney said.
Toney says that this request for a price increase is just one of about 10 that the CPUC has on their desk from PG&E.
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[447185] [447186] [447184] |
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447185 |
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Date: March 30, 2025 at 09:31:48
From: ryan, [DNS_Address]
Subject: Re: pg&e has a lot of nerve |
URL: https://duckduckgo.com/?q=pg%26e+highest+rates+in+country&t=ftsa&ia=web |
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[447186] |
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447186 |
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Date: March 30, 2025 at 09:58:01
From: ao, [DNS_Address]
Subject: Re: pg&e has a lot of nerve |
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Highest profit rate.. profit being the operate word.. it sounds like they’re
saying the cost of all those fires should be borne by the ratepayers.
Everyone tries that.. the insurance companies sure do.. where they take
premiums on the front side and raise rates to offset ‘loses’ on the back..
seems like that’s what everybody does if they can.. double dip..
Here our electric rates, the way it’s been explained to me, are so high
because of the number of users per length of the grid. Supposedly those
long stretches where there’s nobody and still the wires span.. think Kau..
and our overall low user base.. combine to cost us the higher rates..
And still, the PUC seems to think in a regulated industry losses aren’t
allowed as much as they are in an unregulated one. You and I would just
lose our shirt.. PG&E not so much.
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447184 |
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Date: March 30, 2025 at 09:29:27
From: ryan, [DNS_Address]
Subject: Re: pg&e has a lot of nerve |
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i remember it was in the local paper...but their website is behind a paywall...
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