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PG&E profit increase blocked; CEO projects five more years of blackouts

By: Roland Li & Owen Thomas | Pacific Gas & Electric Co. and other California utilities can’t raise their profit margins even as they face billions of dollars in wildfire liabilities, the California Public Utilities Commission ruled Thursday. PG&E, Southern California Edison, Southern California Gas and San Diego Gas & Electric had sought higher profits … Read more

Fraud alert: Some people being ‘slammed’ by having their utilities switched

By: Woodland Daily Democrat | Woodland residents are being warned about utility service providers who are switching customer’s gas or electric service without consent or authorization. District Attorney Jeff Reisig reported that some people have filed complaints with his office, saying they didn’t know that their service provider was switched until they received a letter … Read more

PG&E electricity rates could double after more wildfires, report says

By: J.D. Morris | If California wildfires continue to be as devastating as they have been the past two years, millions of customers’ electric rates could skyrocket 50% and threaten the state’s ability to execute some of its top clean energy initiatives, according to a new analysis prepared for Gov. Gavin Newsom. The sharp rate … Read more

PG&E bankruptcy could mean price hikes, unpaid fire lawsuits

By: Washington Times | Pacific Gas & Electric Co. said this week it will file for bankruptcy, raising concern that rates for electricity and gas will rise and victims of California wildfires who are suing the nation’s largest utility won’t get all the money they may be owed. Here are some key things to know … Read more

A PG&E Bankruptcy Would Leave Utility in Turmoil for Years

By: David R. Baker | The lights would stay on if California utility giant PG&E Corp. files for bankruptcy. But the company, its customers and investors would be set for years of uncertainty. While utility bankruptcies are rare, they can result in anything from a healthy company to a breakup, with business units sold off … Read more