The two new rate increases are to pay for the extended use of the Diablo Canyon Nuclear Power Plant and for vegetation maintenance. One rate increase will go into effect next year and the other in 2026. Thursday's approval also comes on the heels of the Biden administration co...
PG&E goes through an application process every four years to set rates in line with what the CPUC votes to be a reasonable revenue. But after state lawmakers passed Senate Bill 410, the "Powering Up Californians Act," and Assembly Bill 50 in 2023 to accelerate the electrification...