|By PR Newswire||
|August 14, 2014 04:24 PM EDT||
SAN FRANCISCO, Aug. 14, 2014 /PRNewswire/ -- The California Public Utilities Commission (CPUC) today issued its final decision in Pacific Gas and Electric Company's (PG&E) 2014 General Rate Case. The Commission granted about 50 percent of the revenue increase that PG&E requested for 2014 through 2016 to operate, maintain and modernize its gas distribution, electric distribution and electric generation systems and provide customer service.
Typical residential bills for combined gas and electric service will increase less than 6 percent or about $7.50 a month.
"Although the decision represents a significant cut in our request for additional resources to modernize our system for the 21st century, we will continue to make safety our top priority as we plan our work going forward," said Chris Johns, President of Pacific Gas and Electric Company. "Importantly, our residential bills will remain well below the national averages for gas and electric service and we are committed to working as efficiently as possible to keep bills low in the future as well."
PG&E plans to adjust gas rates in September and electric rates in October to reflect the Commission's decision. Details of these rate changes by customer class will be filed in advance with the Commission.
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 http://www.pge.com/about/newsroom/.
SOURCE Pacific Gas and Electric Company (PG&E)
Information technology (IT) advances are transforming the way we innovate in business, thereby disrupting the old guard and their predictable status-quo. It’s creating global market turbulence. Industries are converging, and new opportunities and threats are emerging, like never before. So, how are savvy chief information officers (CIOs) leading this transition? Back in 2015, the IBM Institute for Business Value conducted a market study that included the findings from over 1,800 CIO interviews ...
Feb. 20, 2017 04:00 AM EST Reads: 1,281
Feb. 20, 2017 03:30 AM EST Reads: 6,125
Feb. 20, 2017 03:15 AM EST Reads: 1,323
Feb. 20, 2017 02:00 AM EST Reads: 6,079
Feb. 20, 2017 02:00 AM EST Reads: 4,148
Feb. 20, 2017 01:00 AM EST Reads: 825
Feb. 20, 2017 01:00 AM EST Reads: 5,207
Feb. 20, 2017 12:45 AM EST Reads: 2,389
Feb. 20, 2017 12:15 AM EST Reads: 960
Feb. 20, 2017 12:00 AM EST Reads: 1,405
Feb. 19, 2017 10:30 PM EST Reads: 6,149
Feb. 19, 2017 09:30 PM EST Reads: 837
Feb. 19, 2017 08:00 PM EST Reads: 2,838
Feb. 19, 2017 06:45 PM EST Reads: 3,155
Feb. 19, 2017 06:15 PM EST Reads: 1,093