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PG&E gas rates fall, electric rates to rise

Published: Thursday, Jan. 3, 2013 - 12:00 am | Page 6B
Last Modified: Thursday, Jan. 3, 2013 - 7:44 am

Pacific Gas and Electric Co. said residential customers will see a "significant decline" in natural gas rates and a "modest increase" in electric rates to kick off 2013.

San Francisco-based PG&E said changes will cover utility costs of maintaining and modernizing its system and of meeting a state mandate to buy more renewable energy.

PG&E said average rates for residential gas customers will dip nearly 6 percent in January compared with January 2012, thanks in part to lower wholesale costs for gas.

The utility added that customers should expect an increase of about 2 percent as early as February, reflecting spending approved by the California Public Utilities Commission for PG&E's pipeline safety enhancement plan.

Average residential electric rates will increase about 2.6 percent systemwide compared with last January, PG&E said. The utility said customers will likely face another electric rate increase of about 2 percent in May.

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Read more articles by Mark Glover



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