February 26, 2024

FILE – A PG&E helicopter inspects energy strains close to Forest Hill, California.

San Francisco Chronicle/Hearst N/San Francisco Chronicle through Gett

After the brand new plan goes into impact, clients can pay a mean of $30 to $35 extra monthly. The change begins Jan. 1, that means some clients received’t see the brand new fee till they obtain their invoice in February, PG&E stated in a information launch.

Thursday’s vote resolved PG&E’s Basic Fee Case (GRC). It is a public overview course of that the corporate should full each 4 years with the CPUC. PG&E’s GRC utility is for a three-year interval, from 2023 to 2026.

The utility first proposed the speed enhance in June 2021, saying the elevated charges would assist present “protected and dependable service” and scale back the dangers related to wildfires. The plan permitted Thursday is an alternate proposal from CPUC Commissioner John Reynolds, the CPUC stated in a information launch.

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A key a part of PG&E’s wildfire threat discount plan is “burying,” or inserting energy strains under the floor, in areas most in danger from fires. Thursday’s plan will fund the undergrounding of 1,230 miles of strains, PG&E stated, which can assist scale back the chance of wildfires from firm gear by 94%. The CPUC stated in its press launch that along with reducing rates of interest, inflation was “among the many main drivers of PG&E’s request” to extend charges.

Below Thursday’s plan, the CPUC permitted a $13.5 billion income requirement for PG&E for 2023, as an alternative of the corporate’s authentic $15.4 billion income requirement, the fee stated. The CPUC additionally stated PG&E initially requested a rise within the complete invoice for the standard residential buyer of $38.73, or 17.9%. The plan permitted Thursday represents a rise of $32.62, or 12.8%.

This isn’t the primary time previously 12 months that PG&E has elevated its charges. In January, the corporate knowledgeable clients of upper payments resulting from excessive heating wants as temperatures dropped, the corporate stated in a press launch. On the time, the utility predicted that vitality payments from November 2022 to March 2023 could be greater than 30% increased than the identical interval final 12 months.

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