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PG&E asks California gas customers to pay more for a $26.6 million shareholder 'reward'

Summary by thecooldown.com
A request from California utility giant PG&E is not sitting well with ratepayers. The proposal aims to charge customers for a $26.6 million payout to shareholders.  According to NBC Bay Area, PG&E says the payment is justified because its gas-buying approach reduced costs for customers. What's happening? In notices to customers, PG&E said that its gas purchasing from November 2022 to October 2023 generated $170 million in savings. The company is…

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thecooldown.com broke the news on Saturday, August 1, 2026.
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