Yes, it’s true: more rate hikes are coming for PG&E customers—and this time, they’re not even trying to hide the fact that it’s solely to increase profits for shareholders.
The utility company is asking for yet another rate increase in their recurring three-year update from the California Public Utilities Commission. It specifically cites boosting investor profits as the rationale for the increase, despite reporting record profits for two years in a row—$2.47 billion in 2024, on top of the $86 million that is already earmarked for shareholder dividends.
So what does this mean for customers like you? In short: higher bills, fewer answers, and no relief in sight. This change will likely take effect as early as January 2026. Want the full story? Watch this ABC7 News video to see what’s at stake—and what it could cost you.
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