Starting this fall, your Pacific Gas and Electric will take a leap, and not because you're leaving all the lights on. On Thursday, the California Public Utilities Commission voted to let the SF-based utility jack up their prices, ostensibly for "safety improvements." As you can imagine, many people are angry about this. And maybe you will be too, especially after we take a look at some of the numbers.
- $15.6 billion: PG&E's revenue from last year
- $814 million: The profit PG&E posted on that revenue
- $4.84 billion: The amount of additional money PG&E told the California Public Utilities Commission they wanted to get from customers
- $2.37 billion: The amount of additional money the PUC agreed on Thursday that PG&E could demand from its customer base
- 3: The number of years over which that $2.37 billion boost will be spread
- $4.50: The amount the average PG&E gas bill will increase, starting in September, with additional hikes expected in 2015 and 2016
- $3: The amount the average PG&E electric bill will increase, starting in October, with additional hikes expected in 2015 and 2016 (so, if you have gas and electric from PG&E, expect an increase of around $7.50 this fall)
- $5.23: The amount of an additional monthly increase for PG&E gas customers "for gas storage and transmission," that the PUC is expected to approve or decline next year
All facts and figures: Your PG&E bill is about to rise this much, August 15, 2014, San Francisco Chronicle
