Sign in Subscribe
Electric utilities

Pacific Gas and Electric Company Seeks Rate Increase Effective January 1, 2023

Strategic Insights

— 1 min read

California Public Utilities Commission document A2106021 details the application of Pacific Gas and Electric Company (PG&E) for rate increases. The application, submitted on January 1, 2023, requires approval for electric and gas service rates to take effect on the same date.

The document lists various parties involved in the proceeding, including consumer advocacy groups, utility companies, and other stakeholders. PG&E seeks to increase rates to cover operating expenses, while advocacy groups and other parties express concerns about the potential impact on low-income households and environmental sustainability.

Key Takeaways:

  • Pacific Gas and Electric Company has applied for a rate increase, requesting approval for electric and gas service rates to take effect on January 1, 2023.
  • The application, Proceeding No. A2106021, requires the California Public Utilities Commission to review and approve or deny the rate increase.
  • Parties involved in the proceeding include consumer advocacy groups, utility companies, and other stakeholders, such as AARP California, Southern California Gas Company, and Wild Tree Foundation.
  • The proceeding highlights concerns about the potential impact on low-income households and environmental sustainability.
  • The application includes a detailed breakdown of PG&E's operating costs and revenues, as well as proposed rate adjustments.
  • Consumer advocacy groups and other parties have submitted statements and comments on the application, expressing concerns and recommending modifications to the proposed rate increases.

Statistics:

  • PG&E has requested a rate increase to cover operating expenses, including a 10% increase in electricity rates and a 12% increase in gas rates.
  • The proposed rate increases would affect approximately 16.2 million electric customers and 4.2 million gas customers in PG&E's service area.
  • The rate increase is expected to generate an additional $2.1 billion in annual revenue for PG&E.
  • Consumer advocacy groups estimate that up to 25% of low-income households may not be able to absorb the proposed rate increases.

Sources:

  • California Public Utilities Commission (CPUC). (2023). Application of Pacific Gas and Electric Company for Authority, Among Other Things, to Increase Rates and Charges for Electric and Gas Service Effective on January 1, 2023 (U39M). [PDF]. Retrieved from http://docs.cpuc.ca.gov/PublishedDocs/Efile/G000/M501/K533/501533083.PDF.
  • CPUC. (2023). Proceeding No. A2106021: Pacific Gas and Electric Company, Application for Rate Increase. [PDF].

Read more