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PG&E asks California regulators to approve a 22% rate hike (www.nbcbayarea.com)

submitted 1 year ago by farcaster to c/bayarea

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During the first quarter of 2023, PG&E earned $623 million, an 18.2% jump in profits from the $527 million the company tallied during the same quarter in 2022, PG&E said Thursday in a quarterly report filed with the Securities and Exchange Commission.

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[–] [email protected] 3 points 1 year ago (1 children)

Were they replacing overhead lines?

That does sound like an easy and painless process. It would be cool if there’s some electric utility lurkers here to shed some light on what the true costs are

[–] [email protected] 2 points 1 year ago

I think but the overheads are not down yet. It was pretty recent. Curiously our condo just recently had our lights replaced and they used something similar but a smaller version. It blew me away as I had not known something like that existed. Im not sure if its a realtively new technology or what but it would be great if underground became the norm.