PG&E asks California gas customers to pay more for a $26.6 million shareholder 'reward'
1 Articles
1 Articles
PG&E asks California gas customers to pay more for a $26.6 million shareholder 'reward'
A request from California utility giant PG&E is not sitting well with ratepayers. The proposal aims to charge customers for a $26.6 million payout to shareholders. According to NBC Bay Area, PG&E says the payment is justified because its gas-buying approach reduced costs for customers. What's happening? In notices to customers, PG&E said that its gas purchasing from November 2022 to October 2023 generated $170 million in savings. The company is…
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