We received this letter from PG&E and thought it would be useful information for all of our customers… Rates going up in 2013.
On December 31, 2012, PG&E filed our 2013 Annual Electric True-up (AET) advice letter with the California Public Utilities Commission (CPUC). The AET is a filing that occurs every year to “true-up” costs of electricity and of providing reliable electric transmission and distribution to customers for the next year. The supplemental filing establishes our consolidated electric rates for 2013, approved in various CPUC and Federal Energy Regulatory Commission (FERC) rate cases. The rate changes will take effect January 1, 2013.
What this means for you:
On January 1, 2013, the total system electric average rate will increase by about 2.6% relative to January 2012. The results for individual classes vary, as shown in the table below.
A key driver of higher rates is increased procurement of renewable energy to meet the state’s Renewable Portfolio Standard. On May 1, electric rates will likely increase, on average, about 3% to reflect increased costs for electric transmission infrastructure. We will share specific rate impacts by customer class at that time.
Gas rate changes also filed
Earlier in December, we also announced our natural gas rate changes in our Annual Gas True-up. The filing includes changes in the wholesale cost of procuring gas, costs of maintaining and operating our gas infrastructure, including storage and pipelines, and serving new customers. The filing does not include costs related to San Bruno or the costs of our recently approved Pipeline Safety Enhancement Plan (PSEP). We anticipate announcing rate changes related to PSEP in February 2013, or soon thereafter.
As you may know, gas rates change monthly with the changing costs of procuring natural gas. A detailed natural gas forecast by rate class can be accessed online. Or, if you have specific questions about your company, please feel free to contact me directly.
Thank you for being a PG&E customer. We appreciate your business.
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