|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)
Aug. 30, 2016 03:45 AM EDT Reads: 442
Aug. 30, 2016 02:30 AM EDT Reads: 1,853
Aug. 30, 2016 02:00 AM EDT Reads: 2,229
Aug. 30, 2016 01:30 AM EDT Reads: 3,046
Aug. 30, 2016 01:15 AM EDT Reads: 2,335
Aug. 30, 2016 01:00 AM EDT Reads: 1,934
Aug. 30, 2016 12:00 AM EDT Reads: 1,665
Aug. 29, 2016 10:00 PM EDT Reads: 2,489
Aug. 29, 2016 08:30 PM EDT Reads: 2,443
Aug. 29, 2016 08:15 PM EDT Reads: 1,872
Aug. 29, 2016 08:00 PM EDT Reads: 920
Aug. 29, 2016 07:00 PM EDT Reads: 1,982
Aug. 29, 2016 06:45 PM EDT Reads: 848
Aug. 29, 2016 06:15 PM EDT Reads: 800
Aug. 29, 2016 06:15 PM EDT Reads: 346