Energy
PG&E CEO Says Soaring Power Bills Are Poised to Start Dropping
- Recent rate hikes have provoked legislative push-back
- Utility CEO says decrease could come as soon as 2025
This article is for subscribers only.
The head of California’s largest utility, facing mounting scrutiny over surging power bills, said that trend is poised to stop and may soon reverse.
PG&E Corp. customers could see bills drop as soon as next year, Chief Executive Officer Patti Poppe said in an interview Thursday. The utility, which serves Northern and Central California, has sharply raised rates as it fortifies its system against wildfires, which drove the company into bankruptcy in 2019. But the higher bills, including a 13% jump in January, have provoked a public outcry and pushback from state legislators.