California utility PG&E Corp said on Monday it submitted a proposal with the Cal...
- California utility PG&E Corp said on Monday it submitted a proposal with the California Public Utilities Commission , which if approved, would result in an increase of about 7 percent in monthly bill for some electricity customers.
The company has proposed a $1.2 billion increase in its currently approved cost of capital to address the heightened wildfire risk in California and for investment in infrastructure safety. If approved, the average residential gas customer would see their monthly bill go up by 7.7 percent, effective Jan. 1.
Separately, Southern California Edison on Monday urged the CPUC to include a wildfire risk component in setting the company’s cost of capital for operations for a three-year period, starting 2020.
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