Tri-Cities Voice Newspaper - What's Happening - Fremont, Union City, Newark California

February 3, 2004 > Electric Bills to Fall Under PG&E Plan

Electric Bills to Fall Under PG&E Plan

As part of its continuing effort to emerge from bankruptcy, Pacific Gas and Electric Company recently announced an agreement with major customer groups to lower rates by more than $850 million. If approved by the California Public Utilities Commission (CPUC), the proposed rate cut would provide customers who purchase electricity from PG&E with rate reductions ranging from 4.4 percent to over 16 percent.

With PG&E set to exit bankruptcy during the first quarter of 2004, one of the utility's top priorities is to provide significant rate relief to its electric customers - from residential customers all the way up to the largest commercial users. Under the agreement, Residential customers would see rate reductions averaging about 4.4 percent. Small business customers would see their rates reduced by about 12 percent to 14.8 cents per kilowatt-hour (kWh).

If the CPUC approves the rate agreement at its February 26th meeting, businesses would begin seeing the lower rates in their March bills. The rate reduction will be made retroactive to January 1, 2004, as provided by the bankruptcy settlement agreement.

PG&E customers could see additional electric rate reductions if federal regulators approve refunds from power generators and suppliers, and if PG&E can refinance a portion of its costs after emerging from bankruptcy under the settlement plan.

About Us   Current Issues   Press Dates   Archived Issues   Ad Rates   Classifieds  
Shopping & Dining Guide   Local Events   Your Comments   Subscribe  

Tri Cities Voice What's Happening - click to return to home page

Copyright© 2005 Tri-City Voice
Advertise in What's Happening - A Guide to the Tri-City Area Return to Tri-City Voice Home Page E-mail the Tri-City Voice About the Tri-City Voice Read a current issue of the Tri-City Voice online Archived Issues of the Tri-City Voice Tri-City Voice Advertising rates Dining and Shopping in the Tri-City Area Events in the Tri-City area Tell us what you think Return to the Tri-City Voice Home Page Subscribe to the Tri-City Voice Press dates/Deadlines