PG&E Electric Rate Holding Steady Into 2011 March 1 rate increase offset by January 1 decrease
Release Date: February 28, 2011
Contact: PG&E External Communications (415) 973-5930
SAN FRANCISCO, Calif. – Pacific Gas and Electric Company (PG&E) announced today that it expects its system-average bundled electric rate to remain nearly flat into 2011. The rate decreased by 0.8 percent on January 1 and will increase by 1.5 percent on March 1, resulting in a net increase of 0.7 percent. PG&E's March 1, 2011 rate would be approximately 2 percent below its March 1, 2010 rate.
The rate change primarily reflects electric transmission-related costs approved annually by the Federal Energy Regulatory Commission. Actual bill effects will vary among customer classes and by customer usage (see tables below for average residential bill effects).
The March 1 rate change does not include revenue that is covered by PG&E's 2011-2013 General Rate Case (GRC). Based on the proposed and alternate decisions recently issued by the California Public Utilities Commission (CPUC), PG&E anticipates that the final decision will further increase the system-average bundled electric rate by less than 0.1 percent.
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric utilities in the United States. Based in San Francisco, with 20,000 employees, the company delivers some of the nation's cleanest energy to 15 million people in Northern and Central California. For more information, visit: http://www.pge.com/about/newsroom/.
AVERAGE RESIDENTIAL ELECTRIC BILLS
|Customer Usage||January 2011||March 2011||Change|