PG&E Announces Rate Increases

PG&E Announces Rate Increases

The average rates for PG&E’s residential gas customers will dip 0.3 percent compared to January 2011 and increase almost two percent over December 2011. Average residential electric rates will increase 2.9 percent year to year and or 2.4 percent over December 2011.

Tom Bottorff, PG&E Senior Vice President of Regulatory Relations notes, “We know our customers care more than ever about their energy bills during these difficult economic times, so we continue to focus on keeping rate increases as modest as possible while raising enough revenue to continue to provide safe and reliable service. These revenues help us serve customers by reducing the frequency of electrical outages, improving the responsiveness of our call centers, providing more convenient services and, above all, continuing to upgrade the safety of our system.”

According to the United States Department of Labor, the rate increases are relatively lower compared to general national consumer prices, which increased 3.4 percent over November 2010 to November 2011.

Bottorff adds: “Although electric and gas rates fluctuate from year to year, we have managed to keep them below the rate of inflation over the past five years.”

PG&E reports that the January electric rate increase will also raise revenues to repair and replace aging infrastructure and invest in clean energy supplies, among other needs.

San Francisco-based Pacific Gas and Electric Company is one of the largest combined natural gas and electric utilities in the United States, delivering energy to 15 million people in Northern and Central California. For more information, visit http://www.pge.com.

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