At Monday evening’s City Council Meeting, under Mayor and Council Matters, Mayor Pro Tem Conway brought up PG&E’s General Rate Case 2014 – 2016. With this rate case, PG&E is requesting funding for new investments and improved operations to achieve significant gains in the safety and reliability of its electric generation, and electric and gas distribution services, during the years 2014-2016.
PG&E is asking the California Public Utilities Commission (CPUC) for an increase in funding of $1.28 billion in 2014 over currently authorized levels. PG&E asks for additional increases of about $500 million in 2015 and 2016 to account for additional infrastructure improvements, and increased costs of labor, materials, supplies and other expenses. This equates to about an increase of $12/month on average for a residential home bill. This possible increase will be tied in with distribution charges on your, so the more energy you use, the higher the rate increase. Click here for more information.
Prior to voting on this rate case in the Fall, the CPUC is holding the first of 10 public hearings tonight at 7pm in San Bruno at the War Memorial Building (251 City Park Way, San Bruno). There will be two public hearings in San Francisco tomorrow at 2pm and 7pm at the CPUC Courtroom (505 Van Ness Ave., SF). The rest of the public hearings take place in the following locations: