3 ms·
Looking PG&E's net profit margin for the past 5 years, it looks like the rate increases are not large enough-- In fact they've lost money. https://investor.pge
by polski-g 3y ago
Looking PG&E's net profit margin for the past 5 years, it looks like the rate increases are not large enough-- In fact they've lost money.
https://investor.pgecorp.com/financials/sec-filings/default.aspx https://investor.pgecorp.com/financials/sec-filings/default....
- AlotOfReading 3y agoDid I miss something? 2018-2021 were losses due to massive lawsuits from burning down large portions of the state, but 2022 was their highest net in the last decade. Besides, PG&E has some of the highest rates in the country. If they aren't profitable, lack of revenue probably isn't the issue.