PG&E (California) seeks more than $2 billion rate increase
Source: San Jose Mercury News
Pacific Gas & Electric is seeking to raise rates by more than $2 billion over three years, arguing it needs the money in part to upgrade its gas and electricity networks and hire an additional 2,200 employees.
The San Francisco-based utility made the request Monday when it submitted a draft of its 2014 general rate case, the first step in a long process to set natural gas and electricity rates for utility customers.
If the request is approved by state regulators with the California Public Utilities Commission, the typical PG&E customer who gets both gas and electric service from the utility would see their monthly bill increase by an average of $12 a month, or $144 a year, beginning Jan. 1, 2014.
... Those issues stem from the deadly September 2010 San Bruno pipeline explosion, which raised questions about PG&E's maintenance of its natural gas pipeline network, record-keeping and how it responded to the disaster.
Read more: http://www.mercurynews.com/business/ci_20992343/pge-seeks-more-than-2-billion-rate-increase
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Related: http://www.knvn.com/content/localnews/story/PG-E-Dangerous-Pipelines/VEUmvtkMc0KZ9Mw1TotIHg.cspx
Pacific Gas and Electric says more than 200 of its gas pipelines are in danger of a failure ... similar to the deadly 2010 explosion in San Bruno.
The company found the transmission pipelines had sections riddled with vulnerable seam welds.
It identified a total of 239 problematic pipeline segments spanning a total of 47 miles throughout northern and central California.
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