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1. I've paid electric bills in four different cities. Rates haven't been increased at more than 1x annually in any of them. 2. California is getting what seems
by powerbroker 2y ago
1. I've paid electric bills in four different cities. Rates haven't been increased at more than 1x annually in any of them.
2. California is getting what seems to be two overhauls: a) replacing/upgrading lines and vegetation practices to harden them against sparking fires; b) massive electrification of cars, data centers, appliances. The capex has to be paid somehow... and interest rates are a drag to that.
- riku_iki 2y ago> Rates haven't been increased at more than 1x annually in any of them. Do you mean 2x? > California is getting what seems to be two overhauls I believe large share of rate increase is because PG&E need to pay multibillion penalty for previous years of negligence which caused multiple fires with casualties.
- xeromal 2y agoThey're part of the wildfire fund so hopefully it's not all that. https://www.cawildfirefund.com/participating-utility-companies https://www.cawildfirefund.com/participating-utility-compani...
- riku_iki 2y agothat's safety improvement 5B fund, but there are also damage payments for 25.5B: https://www.pbs.org/newshour/nation/judge-oks-nearly-25-billion-for-pge-fire-victims-insurers https://www.pbs.org/newshour/nation/judge-oks-nearly-25-bill...
- DistractionRect 2y agoWhen talking about increases, usually you're talking about the increase by itself. So if the total bill doubles from last pay period period, it is said that it has _increased_ 1x.