(Daily Caller)—A major utility company serving millions of Americans wants to jack up its electricity rates because of climate change, according to Fox KTVU.
The Pacific Gas and Electric Company (PG&E), a California-based utility provider with more than five million customers, has requested state regulators allow the firm to raise rates by an average of up to $20 each month because of climate change, according to Fox KTVU, a local outlet that cited analysis conducted by The Utility Reform Network.
This requested hike would supplement an already-approved increase scheduled to kick in on January 1, 2024, which is expected to raise utility bills by an average of $33 each month.
California is suing oil companies over climate change https://t.co/jM65aSB2px
— Daily Caller (@DailyCaller) September 17, 2023
PG&E asserts that the rate hikes, if approved, will provide it with the billions of extra dollars needed to fortify its infrastructure to endure climate change and its impacts, according to its filing with the California Public Utilities Commission (CPUC), the state’s utility regulator.
“It’s gonna be between $12 and $20 additional each month. That’s on top of the $33 that’s coming January 1,” Mark Toney, the executive director for The Utility Reform Network, told Fox KTVU. “They want them to start collecting in March, even before the CPUC has held a proceeding and decided whether PG&E should get paid back by rate payers; two billion dollars for overspending … PG&E has several requests for at least another $3 billion.”
The company’s power lines sparked several massive wildfires in the state in the late 2010s, but the utility instead blamedglobal warming for the tragedies.
“There needs to be serious auditing of this organization to make sure that they’re not being wasteful, inefficient as passing costs onto people, particularly those that don’t have income that are unfair,” Edward Voss, a retired accountant and a PG&E customer, told Fox KTVU.
“I think it’s a complete rip-off,” another PG&E customer, Ron Rosaia, told the outlet.
All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact [email protected].
Why the National Debt Is the Looming Threat to Your Retirement Plans
The Hidden Crisis No One Is Talking About
Every day, headlines warn about inflation, market volatility, and global instability—but the greatest looming threat to your retirement might be something far more fundamental: America’s skyrocketing national debt.
You can learn more about how the national debt affects you by reading this 3-minute report titled, “Debt Will Hit $40T in 2026: Prepare Your Retirement Now“.
With debt growing faster than most Americans can possibly fathom, the government’s borrowing habits have reached historic—and dangerous—levels. To cover spending, Washington is making moves with their budget packages, tariffs, and taxes. Is it enough? No. It’s not even close to what would be necessary to stop out-of-control debt, let alone reverse it.
How Debt Erodes Your Nest Egg
There are only so many levers government and the Federal Reserve can pull to try to protect Americans, assuming that’s even a top priority for them. Unfortunately, pulling one level to relive one pressure invariably adds pressure from another direction. This is why prices keep going up even as inflation reportedly slows.
For retirees and pre-retirees, that’s a perfect storm. The dollars you’ve worked hard to save lose value, and your cost of living increases while your investments lag behind.
If you’re relying solely on paper-based assets—stocks, bonds, or mutual funds—you’re essentially tied to the same system that’s creating the problem. It’s a system that was designed to work well in the 20th century, not in today’s world with people living longer and the dollar rapidly losing value.
This is why the 3-minute report, “Debt Will Hit $40T in 2026: Prepare Your Retirement Now,” is so important.
The Precious Metals Hedge
Thousands of Americans are looking for a tangible, time-tested hedge: physical gold and silver.
Unlike paper assets, precious metals aren’t dependent on government policy or the stock market’s mood swings. They’re real, finite resources that have maintained value for thousands of years through wars, recessions, and inflationary periods.
In fact, during times of high inflation and fiscal instability, gold often performs its best—because it’s seen as a store of value when faith in the dollar weakens. This is why prices have skyrocketed this year and are expected by many economists to continue going up in the future.
Take Control with a Gold IRA
One of the most effective ways to protect your retirement from national debt fallout is through a self-directed Gold IRA. This IRS-approved account lets you hold physical gold and silver within your retirement portfolio, giving you:
- Direct ownership of your assets
- A hedge against inflation and dollar decline
- The control to diversify beyond Wall Street
Augusta Precious Metals specializes in helping Americans just like you take this step with confidence. The company has earned a strong reputation for transparency, education, and personalized service—making it one of the most trusted names in the industry.
The Next Step: Secure Your Financial Future
Augusta Precious Metals has helped thousands of Americans with at least $50,000 to invest from their IRAs, 401(K)s, TSPs, and other retirement accounts safeguard their savings through precious metals.
If you’re concerned about what the rising national debt could mean for your future, now is the time to act.
Read this 3-minute report titled, “Debt Will Hit $40T in 2026: Prepare Your Retirement Now“ and learn the simple steps you can take to protect your retirement.
“Crisis is the rallying cry of the tyrant” – James Madison
Yesterday I received an offer from Atlanta Natural Gas to make my gas green for only $5.50 a month and the first year is free if I sign up. I shredded it.
Climate change my arse. PG&E murder hundreds of people in Paradise CA with their poorly maintain equipment.
PG & E has been treating it’s customers this way for decades. In the 70’s I lived in San Diego and paid more for electric for a one bedroom cottage than family in LA paid for a three bedroom house. This doesn’t surprise me at all.
I am a retired PG&E employee and I am totally upset with the direction this company has taken. It is all about wokeness and not a bit of science or common sense involved.