Source: New York Post
PG&E is facing a wave of backlash after asking state regulators to approve a rate increase that would help fund a $26. 6 million shareholder incentive payment — a move critics say comes as millions of Californians are already struggling with soaring utility bills. The utility company, which provides electricity and natural gas to roughly 16 million people across 70,000 square miles of Northern and Central California, says the proposed increase is tied to money it saved customers by purchasing natural gas at lower-than-expected prices between in 2022 and 2023.
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