PG&E Offers Two Proposals for Rate Hikes

About 16-million PG&E customers in Northern California could soon be paying higher rates on their electric bills. The California Public Utilities Commission released two rate increase proposals for PG&E on Wednesday. The utility company had asked for the approval of rate increases that would boost its revenue by 26-percent. Both proposals released by the commission would increase revenue by no more than 13-percent. It’s still unclear how much more the average residential customer would be paying on their bills. PG&E says it needs more money to bury powerlines to mitigate the risk of wildfires.