PG&E Must Honor Multi-year Rate Plan

Fortnightly Magazine - March 15 1997
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Recharge the Economy with Renewable Energy Tax Credits

The California Public Utilities Commission has rejected a request by Pacific Gas and Electric Co., for a waiver from scheduled rate reductions mandated under a three-year base-rate plan approved in December 1995.

The court said the company has shown no "extraordinary circumstances" to support breaking the three-year rate contract.

The utility had claimed it would incur greater-than-expected maintenance and service expenses in areas such as tree trimming, meter reading and meter repair. The utility also claimed that a waiver was warranted because it had expected to have a performance-based rate plan in place by now.

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