PG&E and other investor-owned utility companies in California wield a lot of political power and money and state lawmakers ...

It comes as many Californians are struggling to pay their energy bills and PG&E reported record earnings in 2024.

A California bill would stop utility companies from passing spending on political lobbying and advertising on to consumers.

Currently, PG&E investors earn a 10.2% return on investment. If approved, the new rate would rise to 11.3%, a 1.1% increase.

PG&E’s CEO Patti Poppe is signing letters to ... utility bills and the record profits of your local utility provider. Sacramento’s former fire chief — whose “nearly four-year tenure ...

PG&E has defended the rate hike, explaining that investors expect to be compensated for the risks they take on, despite challenges like extreme weather, inflation, and recent federal government ...

“Why are we having these rate increases when PG&E has profits in the billions,” asked one of the group’s activists Matthew Oliver at a recent protest in Sacramento. “The biggest issue is ...

PG&E CUSTOMERS MAY SOON PAY MORE. THE UTILITY ASKED STATE REGULATORS TO APPROVE ANOTHER RATE HIKE. PG&E IS FILING TO THE CPUC ASKING FOR AN 11% RETURN FOR INVESTORS. THIS IS CALLED A RETURN OF EQUITY.

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