Kavya Balaraman, Utility Dive
Pacific Gas & Electric (PG&E) reached a proposed settlement with ratepayer advocates, safety officials and other stakeholders that would increase its 2020 revenue by 6.8%, largely to fund wildfire mitigation measures.
The proposal is $483 million less than the 12.4% increase to its 2019 revenue originally requested by PG&E in its general rate case application, filed with the California Public Utilities Commission (CPUC) in December 2018. If approved, it would increase the average residential electric and gas customer's monthly bills by a little under $6.
The increase in 2020 revenue is driven mostly by the utility's wildfire mitigation programs, like trimming back trees around its power lines, according to the settling parties. The settlement would also allocate funding to help reduce the impacts of the utility's public safety power shut-offs, which PG&E estimates will continue at least for the next five years.