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Monthly bills for Pacific Gas and Electric Co. customers will climb even higher next year after California regulators on Thursday unanimously approved allowing the utility giant to increase its rates
PG&E will increase rates for electric and gas bills for about 16 million people in California to help fund long-term plans for reducing wildfire threats.
This after, on average, rates have increased by nearly $100 in the last eight years.
During a delay ahead of a state panel's vote to unleash higher monthly PG&E bills, the utility leviathan quietly lobbied regulators about plans that may enrich shareholders as customers endure higher rates.