Mar 30, 02:31 AM

California Regulators Allow PG&E to Delay $1 Billion Payment; New Fixed Charge Likely by Late 2025 or Early 2026

California regulators have allowed PG&E to delay paying two-thirds of the $1 billion owed to customers, giving the power company two years to pay the full amount. PG&E customers might face a new fixed charge by late 2025 or early 2026 in exchange for lower electricity prices. Recent rate hikes have sparked complaints from customers, impacting businesses like an Orinda theater. The CPUC's proposal could lead to lowered fixed power bills for PG&E customers.

#California #PG #Orinda

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