California regulators approve flat rate for electric bills, impacting utility companies like PG&E [CBS News]
Pacific Gas & Electric Co. (PCG)
Last pacific gas & electric co. earnings: 5/1 08:21 am
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Source: CBS News
The flat rate will impact investor-owned utilities like PG&E. The flat rate that was passed is $24.15 per month for most customers, but for low-income customers who are on CARE or FERA, it will be $6 or $12, respectively. The CPUC said this flat rate is not adding cost to customer's bills, but instead, it is readjusting the structuring of your electric bill to cover costs for infrastructure like wires and transformers. Lower-income customer bills will go down from around $0.60-$18.10. Others may be saving about $4.20 but may see an increase of up to $11.50. With this flat rate, customer's usage rates will be reduced by five cents per kilowatt hour. This means a decreased bill for large families and those in the hottest climates. "Because of this vote, relief is coming to Californians who need it most," said spokesperson for the Predictable Power Coalition Cynthia Martinez. Former CPUC President Loretta Lynch said this change will raise the bills of people who do not use a
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- Why your electricity bill might go up as early as next year [Los Angeles Times (CA)]Los Angeles Times
PCG
Earnings
- 4/25/24 - Beat
PCG
Sec Filings
- 5/7/24 - Form 4
- 5/1/24 - Form 4
- 4/30/24 - Form 144
- PCG's page on the SEC website