Newsom says PG&E, other utility customers can expect bill credit

Gov Gavin Newsom broadcasted Wednesday that customers of PG E and other utilities would see a atmosphere credit on their October bills as part of a decade-old state campaign At least one consumer group stressed it s still not enough to lessen the impact of high electricity costs Millions of California families will see money back on their electricity bills in October Newsom stated in a prepared release That refund will be even bigger next year thanks to new laws I signed last week The October refunds are part of a California Environment Credit effort that began in The credits appear twice a year on state utility bills once in April and once in October The governor issued a similar announcement in March ahead of the April installment While the twice-a-year credits offer a welcome relief to elevated costs in California the reductions don t address the fundamental challenges of expensive utility rates mentioned Mark Toney executive director of The Utility Modification Organization also known as TURN These are refunds Toney declared They don t address electricity rates The average credit for PG E residential customers who receive electricity services from the utility is slated to total during the October billing cycle according to Oakland-based PG E This credit helps ease force costs for our customers and reinforces our commitment to a more sustainable and climate-resilient potency future explained Vincent Davis a PG E senior vice president for customer experience Newsom explained the monthly bill credits would be supercharged starting in Up to billion will go back in your pockets cutting your electric bills while we keep our historic momentum transitioning away from polluting fossil fuels Newsom stated It wasn t directly clear how much of a twice-a-year bill credit PG E and other utility customers would receive starting in Any relief is great but the rebates don t address the fundamental matter of affordable electricity bills Toney noted The announcement of the already expected setting credit arrives at a time when California s electricity and natural gas costs are among the nation s highest as sketched out in a document for July that the California Center for Jobs the Economic activity issued Average vitality prices remained the highest among the contiguous states and Washington D C for electricity and fuels while average residential natural gas rates notched up to the third highest the review stated SB one of the laws the governor signed this month will help ease costs being endured by utility customers Toney disclosed The governor and backers of SB argue that the bill could trim a sparse dollars off monthly bills although they didn t offer specifics Among the provisions of SB Requirements would be strengthened to ensure that PG E Southern California Edison San Diego Gas Electric and other investor-owned utilities pursue the preponderance cost-effective avenues to prevent their equipment from sparking wildfires Utilities would be prevented from earning shareholder profits on the first billion they spend on wildfire prevention upgrades Low-interest loans would be created to cover the construction of new transmission lines TURN supports SB as an major first step in the right direction for ratepayer affordability the consumer group stated