Some Californians could see an increase in their monthly gas and electric bills next year if the state grants a request filed on March 20 by Pacific Gas and Electric (PG&E).
The Oakland-based utility, which serves about 16 million people in northern and central California with natural gas and electricity, submitted the increase request to the state’s Public Utilities Commission (CPUC).
PG&E and other utilities are required to file an application every three years to establish their companies’ financial returns for those who provide capital for essential energy system improvements, such as wildfire mitigation and other projects.
“Investors expect to be compensated for the risk they take when providing that funding,” PG&E wrote in a statement Thursday….