PG&E Receives Approval of New Natural Gas Revenues Result Expected to Have Marginal Effect on Customer Rates
Release Date: April 14, 2011
Contact: PG&E External Communications (415) 973-5930
SAN FRANCISCO, Calif.—Pacific Gas and Electric Company (PG&E) announced today that
it received approval of its revenue needs in the 2011-2014 Gas Transmission and Storage
(GT&S) Rate Case from the California Public Utilities Commission (CPUC).
"The CPUC's decision today marks an important step in preserving the long-term safety
and reliability of natural gas service for our customers at reasonable rates," said Tom Bottorff,
PG&E's senior vice president of regulatory relations.
PG&E's average residential gas rate will increase 0.9 percent to $1.20 per therm as a
result of the GT&S decision. This change will be reflected in rates on May 1. An average
residential customer would see a monthly bill increase of 40 cents to $44.51, while an average
small commercial customer would see an increase of $3.10 to $271.40.
The CPUC decision will enable PG&E to spend close to $200 million on upgrading and
replacing pipelines and regulating facilities. It also requires PG&E starting this October to file
semi-annual safety reports on how the utility budgets money for gas projects funded by the new
revenues and how it ranks projects for capital investments to improve reliability and safety.
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: