PG&E Announces Electric Rate Reductions Amid Rising National Costs for Customers

### PG&E Implements Electric Rate Reductions Amid Rising National Costs

Pacific Gas and Electric Company (PG&E) announces a significant reduction in electric rates, set to take effect on January 1, 2026. This decision marks the fourth rate decrease in just two years, showcasing PG&E's commitment to providing stable and predictable energy costs for its customers. Under the new pricing structure, residential electric rates will be approximately 11% lower than they were in January 2024, which translates to an average savings of about $20 on monthly bills for typical residential customers. For those receiving both electricity supply and delivery services from PG&E, rates will decrease by roughly 5%, while customers eligible for the California Alternate Rates for Energy (CARE) program will enjoy a 6% drop in their bills.

This proactive approach to pricing comes amid projections that national electric prices will rise nearly 10% from 2024 to 2026. PG&E's CEO, Patti Poppe, emphasizes the importance of maintaining affordable energy costs for families and businesses, reaffirming the company’s dedication to passing savings directly to its customers. In conjunction with the electric rate reductions, PG&E also plans to lower natural gas rates by 3% for standard customers and 2.6% for CARE customers. These rate adjustments are attributed to completed safety and reliability projects, along with lower anticipated costs for electric commodities in 2026, further enhancing PG&E's commitment to customer affordability.

The significance of PG&E's rate reductions cannot be overstated, especially as they occur in a challenging economic landscape. The utility's ability to reduce costs while ensuring reliable service reflects a strategic alignment with community needs. As energy costs continue to rise nationally, PG&E's initiatives highlight its role not only as a service provider but also as a responsible corporate citizen focused on the welfare of its customers.

In addition to its efforts in rate reductions, PG&E has made notable contributions to community welfare, including a recent $1 million donation to local food banks in Northern and Central California. This funding addresses the growing food insecurity faced by many families, especially during the holiday season, providing approximately 3 million meals across 47 counties. Such initiatives underscore PG&E's commitment to supporting local communities and responding to the pressing needs of its service area, further enhancing its reputation as a socially responsible organization.

Overall, PG&E’s strategic decisions regarding rate management and community support reflect a comprehensive approach to fulfilling its responsibilities, ensuring customer affordability, and addressing significant societal challenges concurrently.