Placerville Newswire
  • Crime
  • Culture
No Result
View All Result
Get Started
Placerville NewsWire
  • Crime
  • Culture
No Result
View All Result
Placerville NewsWire
No Result
View All Result

California Regulators Greenlight PG&E’s $6 Billion Rate Increase for Wildfire Prevention

The plan will result in an estimated monthly average customer rate increase of about $40.

Cris Alarcon by Cris Alarcon
November 20, 2023
in Government
407 17
0
PG&E Wants to Raise Rates Enough to Reduce Wildfire Risk

PG&E undergrounding map

Share on FacebookShare on TwitterWhatsappReddit

EL DORADO COUNTY, Calif. (November 20, 2023) – In a pivotal decision, California energy regulators have given Pacific Gas and Electric Company (PG&E) the nod to implement a $6 billion rate increase proposal aimed at fortifying wildfire prevention measures. The move, though met with approval from regulators, is expected to result in an estimated monthly average customer rate increase of about $40.

The utility giant, grappling with the repercussions of past wildfires linked to its infrastructure, intends to utilize the funds to bury more than 1,200 miles of power lines underground in regions identified as highly susceptible to wildfires. The ambitious plan is part of PG&E’s broader strategy to mitigate fire risks and invest in sustainable, clean energy initiatives.

You might also like

EDSO Echo 1 Inbound

El Dorado County Sheriff’s Office Soars to New Heights with State-of-the-Art Helicopter

November 30, 2023
Tahoe Bear in Trash

USFS Introduces Stringent Food and Refuse Storage for Lake Tahoe Basin in 2024

November 30, 2023

While the California Public Utilities Commission (CPUC) endorsed the rate increase, they did exercise caution. Regulators expressed reservations about the utility’s initial proposal, citing concerns over its high cost and the feasibility of completing the extensive infrastructure work within the stipulated timelines.

“The alternate proposed decision reflects our expectation that PG&E must substantially drive down risks from its infrastructure and improve overall safety for ratepayers,” remarked Alice Busching Reynolds, President of the CPUC.

The approved rate increase will translate to an average bump of about $30 per month on customers’ bills starting next year. This decision underscores the delicate balance between addressing urgent wildfire prevention needs and managing the financial burden on consumers.

PG&E, which has been under heightened scrutiny for its role in wildfires, sees this rate increase as a crucial step in bolstering the resilience of its power infrastructure. The company aims to navigate the fine line between protecting communities from devastating wildfires and ensuring affordability for its customers.

As California continues to grapple with the increasing threat of wildfires, the regulatory green light for PG&E’s rate hike reflects an ongoing effort to strike a sustainable equilibrium between utility safety enhancements and consumer financial considerations. The path ahead will test PG&E’s ability to execute its wildfire prevention initiatives effectively while keeping the economic impact on customers in check.

Cris Alarcon

Cris Alarcon

Related Stories

EDSO Echo 1 Inbound

El Dorado County Sheriff’s Office Soars to New Heights with State-of-the-Art Helicopter

by Cris Alarcon
November 30, 2023

Elevating Safety: How Echo 1 Helicopter Transforms El Dorado County Sheriff's Office

Tahoe Bear in Trash

USFS Introduces Stringent Food and Refuse Storage for Lake Tahoe Basin in 2024

by Cris Alarcon
November 30, 2023

Scheduled to take effect on January 1, 2024, the Forest Order establishes stringent guidelines, requiring all unattended food and garbage...

Southern Tahoe Watershed

Restoring Vital Wetlands in South Lake Tahoe for Climate Resilience

by Cris Alarcon
November 25, 2023

Preserving South Lake Tahoe: The Imperative of Watershed Restoration

Prescribed burns in the Tahoe Basin

Preserving Nature Amid Logging Debates in the Tahoe Basin

by Cris Alarcon
November 25, 2023

In Focus: Commercial Logging as a Proactive Approach to Wildfire Prevention

Recommended

Why did Concord and San Ramon City Councils Shut Down Remote Comments?

Why did Concord and San Ramon City Councils Shut Down Remote Comments?

October 10, 2023
EDCOE’s Foster Youth Summer Employment Program

EDCOE’s Foster Youth Summer Employment Program

August 5, 2023

Popular Story

  • Arrested and charged with vandalism at SLT

    Brazen Tagging Incident Unravels under South Lake Tahoe’s Highway 50 Bridge

    851 shares
    Share 340 Tweet 213
  • Stockton Man Arrested in Connection to El Dorado Hills Burglaries

    817 shares
    Share 327 Tweet 204
  • A Pioneer’s Tale of Grizzly Flat getting a Name

    741 shares
    Share 296 Tweet 185
  • EDC Arrests and Activity on Nov 24 2023

    732 shares
    Share 293 Tweet 183
  • EDC Arrests and Activity on Oct 21 2023

    692 shares
    Share 277 Tweet 173
  • Buy JNews
  • Support Forum
  • Pre-sale Question
  • Contact Us

© 2023 Placerville Newswire Commentary is produced by the Placerville Newswire, a private service focusing on Placerville Local Area issues. All conclusions expressed in this publication should be understood to be solely those of the author(s). You may find us in El Dorado County Placerville, CA 95667

No Result
View All Result
  • Landing Page
  • Buy JNews
  • Support Forum
  • Pre-sale Question
  • Contact Us

© 2023 Placerville Newswire Commentary is produced by the Placerville Newswire, a private service focusing on Placerville Local Area issues. All conclusions expressed in this publication should be understood to be solely those of the author(s). You may find us in El Dorado County Placerville, CA 95667

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In