PG&E Rates Are Going Up AGAIN! ⚡️ 💰
The California Public Utilities Commission has granted PG&E yet another rate hike. This is the 4th rate hike this year alone! The nearly 3% increase will go into effect in October.
Critics, consumer advocates, and customers of the energy monopoly note the fact that PG&E is already the most expensive energy company in California and charges the highest energy rates in the country.
Despite a steady flow of public comments, all in opposition, the cold hearted Commissioners voted unanimously to approve the rate hike and of all things approved it on the Consent Agenda, meaning they didn’t even bother to discuss or debate the need for it or impact on the community and forced consumers who have no choice, but to pay PG&E.
According to PG&E’s own data, their residential energy rates have increased nearly 54% in just four years since 2020.
Now they’ve increased their rates even more, four times this year to be exact.
PG&E officials say they are doing what they can to stabilize rates, pointing to a temporary rate decrease that went into effect in July to offset the subsequent increases.
We remind the community that PG&E is a convicted felon, being convicted of causing historic wildfires like the Zogg Fire, Dixie Fire, and Mosquito Fire, which burned over 1,000,000 acres, destroyed entire towns and claimed multiple lives due to their negligence. Instead of going to prison, they were fined. Customers of the monopoly are now paying for those fines while PG&E executives continue to get pay raises.
In 2023, PG&E’s CEO Patti Poppe was paid $17 million, a 20% raise from the year before! As the monopoly forces rate hikes on customers, public reports show that PG&E made a $2.24 billion dollar profit in 2023. That was a 24% increase from the year prior.
