California Approves Fourth PG&E Rate Hike

California regulators have approved a fourth rate hike for Pacific Gas & Electric (PG&E) this year, increasing bills by about $6 per month for customers. The unanimous decision by the California Public Utilities Commission has faced significant public opposition, with many criticizing the lack of transparency and the impact on low-income and vulnerable communities. PG&E claims the hike is necessary to cover costs from recent winter storms, wildfire mitigation, and infrastructure repairs, despite reporting a 25% profit increase to $2.2 billion in 2023. Residential utility rates have surged by 54% since 2020, making PG&E one of the most expensive utility providers in the country. Meanwhile, NIPSCO in Indiana has proposed a significant rate increase to support renewable energy investments and infrastructure upgrades, pending regulatory approval.