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Stock impact report

California's PG&E cuts 2026 electric rates 5%. Not all customers will benefit [Yahoo! Finance]

Pacific Gas & Electric Co. (PCG) 
Last pacific gas & electric co. earnings: 5/1 08:21 am Check Earnings Report
US:NYSE Investor Relations: finance.yahoo.com/quote/pg
Company Research Source: Yahoo! Finance
The company's announcement cuts against the national trend of rate increases, but California electricity rates are still far higher than the rest of the country. The typical electric bill for a customer using 500 kilowatt-hours of electricity each month will decrease by $7 per month or $84 per year, compared with last year, according to PG&E. The company said all residential electric customers who receive both electricity supply and delivery service from PG&E should expect to pay about 5% less in 2026. Customers who already receive discounts through the low-income assistance program, California Alternative Rates for Energy (CARE), will see a smaller reduction of about $4 per month. In addition to electric rate changes, monthly gas bills will decrease by about $1 per month, PG&E said. "We remain committed to finding new ways to save and pass those savings on to our customers," PG&E CEO Patti Poppe said in a press release For the past decade, California's electricity rates have Show less Read more
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