Dive Summary:
- Pacific Gas and Electric Co. (PG&E) says its average residential rates will increase by about 2.6% this month when compared to last January.
- According to the utility, this increase stems from higher costs associated with the adoption of renewable energy rules mandated by the state of California.
- PG&E says its customers will likely face another rate increase this May of about 2% to pay for additional electric transmission infrastructure modernization.
From the article:
"These revenues help us serve customers by reducing the frequency of electrical outages, improving the responsiveness of our call centers, providing more convenient services and, above all, continuing to upgrade the safety of our gas and electric operations,” says Tom Bottorff, PG&E’s senior vice president of regulatory affairs. ...
