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Share Name | Share Symbol | Market | Type |
---|---|---|---|
PG&E Corporation | NYSE:PCG | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.11 | 0.62% | 17.84 | 17.92 | 17.68 | 17.74 | 11,312,003 | 22:12:52 |
Pacific Gas and Electric Company (PG&E) today submitted to state regulators its 2017-2019 General Rate Case (GRC), which proposes an average increase of less than 3 percent in typical residential customer energy bills to support upgrades to technology and electric and gas infrastructure.
With the increase, typical residential bills are expected to remain well below the national average while funding investments to make energy safer, cleaner and more reliable for 6.3 million customers and their families.
“Our customers want us to be the safest and most reliable energy provider in the country while also supporting California’s goals to be the leader in renewable energy and emerging energy technologies. This proposal supports these goals while also balancing the need to keep customer bills as low as possible,” said PG&E Corporation Chairman and CEO Tony Earley.
Customer Benefits
In addition to funding current operations, PG&E's proposal would fund investments to support:
Process for Review and Bill Impact
Every three years, PG&E submits a request for funding to the California Public Utilities Commission (CPUC), which conducts an open and transparent review of the request along with several public hearings across the state with input from all interested parties. The CPUC then determines what revenues are necessary to maintain and upgrade the electric and gas systems. The CPUC’s decision forms the basis for customer rates.
Customers and other interested parties can learn more about the investments and upgrades that PG&E plans to make to enhance safety and reliability, and the requested rate changes, by visiting www.pge.com/grc.
PG&E’s proposal would increase a typical residential customer bill by $4 month, which includes $3 per month for electricity and $1 a month for natural gas service. PG&E’s typical bills would remain approximately 25 percent below the national average bill according to the most recently available data.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric utilities in the United States. Based in San Francisco, with more than 20,000 employees, the company delivers some of the nation’s cleanest energy to nearly 16 million people in Northern and Central California. For more information, visit www.pge.com/ and www.pge.com/en/about/newsroom/index.page.
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View source version on businesswire.com: http://www.businesswire.com/news/home/20150901006749/en/
Pacific Gas and Electric CompanyDonald Cutler, 415-973-5930
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