PG&E’s Proposed 2017-2019 General Rate Case Includes Investments to Upgrade Technology & Infrastructure While Keeping Bills...
September 01 2015 - 6:02PM
Business Wire
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:
- Smart grid technologies that better
integrate and manage more rooftop solar and renewable energy, as
well as enable a growing array of other technologies, from electric
vehicles to smart appliances and battery storage;
- Emergency preparedness for major
disruptions like earthquakes, including construction of a backup
gas control center;
- Stronger prevention and management of
wildfires through increased patrols and new laser-based
technology;
- Advanced mobile technology to provide
field workers with the tools to get work done more effectively and
efficiently; and,
- Faster response times to customer calls
about possible gas leaks.
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.
http://www.pgecurrents.com/http://www.facebook.com/pacificgasandelectrichttps://twitter.com/pge4mehttp://www.linkedin.com/company/pacific-gas-and-electric-companyhttp://www.youtube.com/user/pgevideo
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150901006749/en/
Pacific Gas and Electric CompanyDonald Cutler, 415-973-5930
PG&E (NYSE:PCG)
Historical Stock Chart
From Apr 2024 to May 2024
PG&E (NYSE:PCG)
Historical Stock Chart
From May 2023 to May 2024