PG&E has already raised rates twice so far this year, with at least one more rate increase on the way

Families’ PG&E bills have doubled in the last 10 years; PG&E reported $2.4 billion in profits in 2023 - a nearly 25% increase

April 16, 2024 - WASHINGTON – On Monday, Representative Josh Harder (CA-9) introduced the Stop the Rate Hikes Act to prevent utility companies like PG&E from raising rates more than one time per year. PG&E has already raised rates twice this year, and the California Public Utilities Commission (CPUC) is currently considering PG&E’s request for a third price increase. 

“These constant rate hikes are out of control. The last thing our families need is PG&E raising prices again,” said Rep. Harder. “Our families can barely afford utility costs as it is, and yet PG&E keeps increasing rates every few months. PG&E needs to be held accountable and my new bill says enough is enough: you can’t keep raising prices on families.”

Rep. Harder has heard from countless families across San Joaquin County who are seeing skyrocketing PG&E bills. Last year, Harder introduced a bill to prevent utility companies from price-gouging families during emergencies. In 2022, he introduced legislation to stop PG&E from giving out massive bonuses to its executives and to ensure that money is invested in its own infrastructure instead.

Full text of the Stop the Rate Hikes Act is available HERE.
Source: Representative Josh Harder