PG&E asks California regulators to approve a 22% rate hike
PG&E asks California regulators to approve a 22% rate hike
Pacific Gas & Electric argued to California regulators Wednesday that it needed to hike rates by 22% to cover the cost of inflation and risk reduction projects.
During the first quarter of 2023, PG&E earned $623 million, an 18.2% jump in profits from the $527 million the company tallied during the same quarter in 2022, PG&E said Thursday in a quarterly report filed with the Securities and Exchange Commission.
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I am so sick and tired of paying these bastards for burning down California and killing people in explosions. Maintaining your damn equipment to safety standards is a bare minimum for doing business, not an excuse to raise rates. It's become absurd.
How is this not an anti-trust investigation? It's a clear cut monopoly.
They went bankrupt earlier, they need to be forced to sell their lines to pay their debts.
Pge delenda est.
It's on the face corrupt bullshit. How are you posting millions of dollars profit after declaring bankruptcy?
They didn't "declare bankruptcy," they filed for Chapter 11 which is meant for reorganizing. It puts a hold on collections to allow the company to get its finances in order. It's not for outright dismissing debts the way personal bankruptcy would.
Do me a favor and finish the statement, "They filed for Chapter 11 b-------cy."
Bitch Nancy?