California's utility bills and the state's affordability crisis were front and center at the Capitol on Wednesday.
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California senators grill CPUC over approval of 6 PG&E rate hikes in past year

California's utility bills and the state's affordability crisis were front and center at the Capitol on Wednesday. 

California senators grilled the California Public Utilities Commission over the approval of six PG&E rate increases in the past year and skyrocketing utility bills.

"Ratepayers are not a bank," Senator Aisha Wahab said. "I'm just going to be very clear about that."

"A $500 bill breaks the bank," State Senator Susan Rubio said.

Last week, PG&E announced it broke profit records for the second year in a row. In 2024, PG&E brought $2.4 billion in profits. In 2023, the utility reported $2.2 billion in profits.

"I don't think you're answering my question," Senator Jerry McNerney said. "Can some of this be shifted to the shareholders?" 

 

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