PG&E RATE HIKES ARE POTENTIALLY ON THE HORIZON
NEWS Desk Global
The California Public Utilities Commission opened the door on Thursday to potential PG&E rate increases as soon as next year, adopting a new rate making process that will let the utility recoup its costs for completing energization projects.
Energization projects help connect new customers to the electricity grid, increase capacity for existing customers, and increase transmission capacity to deliver greater loads in the future as the state moves to stop selling gas-powered vehicles by 2035 and achieve carbon neutrality by 2045.
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