> The new request comes after the California Public Utilities Commission, which Gov. Gavin Newsom's administration oversees, approved six rate increases for PG&

> The new request comes after the California Public Utilities Commission, which Gov. Gavin Newsom's administration oversees, approved six rate increases for PG&E in 2024 How are rate increases counted? I don't know how rates work in California, but looking at rates in my state the power company for my region has a bunch of different rate schedules. There's the normal residential rate schedule, 3 different time-of-use based residential rate schedules that are being tested, and rate schedules for businesses (I think there may be several depending on the kind of business). They may be different residential schedules for rural customers and non-rural customers. I think there are also some different schedules for farms. Depending on how you count you could end up with a dozen rate increases in a year but with each customer seeing 0 or 1 increases. > [...] state Sen. Aisha Wahab filed a proposal, the Investor-Owned Utilities Accountability Act, that would [...] > It would also cap any rate increase to no more than the Consumer Price Index, which is a measure of the average change over time in the prices consumers generally pay for goods and services. Is the CPI appropriate for this? I would expect that the most important factors that affect the cost of running an electric utility would not not correlate well with the CPI. Shouldn't any cap be tied to something that more closely matches the costs of running the utility?