An employee unspools distribution cables for PG&E, which is a target of three pending bills intended to protect the system’s ratepayers from higher payments. 

PG&E claims its rates are stabilizing. The numbers say otherwise.

According to an independent assessment by the California Public Utilities Commission’s Public Advocates Office, the state’s advocate for ratepayers, the average PG&E customer could pay $840 more annually by 2030, on top of the 69% rate increase during the past decade.

As California lawmakers and Gov. Gavin Newsom consider key electricity affordability legislation, including utility wildfire liability reform, state leaders should look beyond PG&E’s claims of rate stabilization and focus on the actual costs California residents and businesses are expected to pay.

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PG&E is seeking to charge California ratepayers billions for outstanding costs, which will soon show up on our electricity bills. The utility has also requested and is expected to collect on several additional pending proposals to raise rates over the coming years and has $1.05 billion sitting in memorandum accounts that will be billed to ratepayers. This includes billions of dollars for wildfire mitigation, grid upgrades and other investments — as well as the hefty profit margins the utility is allowed to collect.

Some of these investments are necessary. Yet the independent Public Advocates Office found that PG&E has a pattern of chronic overspending.

Unless legislators and Newsom act, there is no end in sight.

Three bills before the Legislature in August could make a substantial difference in protecting your wallet.

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Senate........

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