PG&E plans to raise rates starting Jan. 1

December 30, 2011 6:35:35 PM PST
Your power bill is probably going up next year. PG&E announced Friday how much it's raising its rates beginning Jan. 1.

The utility company says average residential customers will see their electric rates increase 2.9 percent.

That means an average residential customer should pay between $3.08 and $5.38 more a month for electricity. Gas rates vary throughout the year, but will increase 1.8 percent over December.

PG&E says the revenue will be used to repair and replace aging infrastructure and invest in clean energy supplies.

The utility says gas rates have not been affected by costs from the San Bruno pipeline explosion last year.

Load Comments