PG&E Must Honor Multi-year Rate Plan
The California Public Utilities Commission has rejected a request by Pacific Gas and Electric Co., for a waiver from scheduled rate reductions mandated under a three-year base-rate plan approved in December 1995.
The court said the company has shown no "extraordinary circumstances" to support breaking the three-year rate contract.
The utility had claimed it would incur greater-than-expected maintenance and service expenses in areas such as tree trimming, meter reading and meter repair.