Latest news with #VincentDavis
CBS News
18-03-2025
- Business
- CBS News
PG&E customers to receive a credit of up to $125 on April utility bill
Millions of Pacific Gas and Electric customers will receive a credit on their bills next month thanks to the California Climate Credit, the utility said Tuesday. PG&E said in a press release that residential households with an active electric account will receive a credit of $58.23 on their April bill, while households with an active gas account will receive a credit of $67.03. Customers receiving both gas and electric service from PG&E will get both credits for a total of $125.26. The utility said residential customers receive electric credits in April and October, while natural gas customers receive an annual credit in April. Eligible small business customers also receive identical electric credits, distributed twice a year. "We know many of our customers are feeling the pressure of rising energy bills," said a prepared statement from Vincent Davis, PG&E senior vice president for customer experience. "We support bill relief for families and fostering a more climate-resilient future." The California Climate Credit is funded by the state's Cap-and-Trade Program and distributed to PG&E customers as directed by the California Public Utilities Commission, the utility said. Cap and trade refers to a government regulatory program designed to limit, or cap, companies' greenhouse gas emissions. The state distributes permits to companies to allow them to emit a set amount of emissions and companies can trade the permits, buying or selling on the open market, creating an incentive for reducing their emissions. Aside from the credits provided to California investor-owned utility customers, funds generated by the Cap-and-Trade Program also pay for solar and clean energy and energy efficiency programs in disadvantaged communities.
Yahoo
17-03-2025
- Business
- Yahoo
Spring Bill Relief: Up to $125 California Climate Credit Automatically Applied to PG&E Customers' Energy Bills
Small Business Customers Also Receive Credit OAKLAND, Calif., March 17, 2025 /PRNewswire/ -- Millions of Pacific Gas and Electric Company (PG&E) customers will automatically receive the California Climate Credit on their April energy bill. Residential households with an active electric account will receive an electric credit of $58.23. Residential households with an active gas account will receive a credit of $67.03. Customers receiving both gas and electric service from PG&E will receive a total April credit of $125.26. Residential and eligible small business customers receive identical electric credits in April and October. Residential natural gas customers receive a credit in April. The California Climate Credit is funded by the state's Cap-and-Trade Program. It is distributed by PG&E to customers as directed by the California Public Utilities Commission (CPUC). The Cap-and-Trade Program requires companies to pay for [certain] emissions. Revenue from the program is also used by the state to improve public health and the environment and provide meaningful benefits to the most disadvantaged communities. The bill credit is designed to help customers during the transition to a more sustainable future. "We know many of our customers are feeling the pressure of rising energy bills. We support bill relief for families and fostering a more climate-resilient future," said Vincent Davis, Senior Vice President, Customer Experience. Since 2014, the CPUC calculates PG&E residential customers have received an average of nearly $1,000 in California Climate Credits, totaling more than $12.9 billion in Cap-and-Trade Program benefits statewide. To explore other ways to save energy, reduce monthly bills, and protect the planet, customers are encouraged to use a new Savings Finder, enroll in the Budget Billing program, or visit Save Energy & Money. Income-eligible Assistance Programs California Alternate Rates for Energy (CARE): provides a monthly discount of 20% or more on gas and electricity bills. Family Electric Rate Assistance (FERA): provides a monthly discount of 18% on electricity for households of three or more people. Energy Savings Assistance (ESA): provides energy-savings improvements at no charge. Relief for Energy Assistance through Community Help (REACH): offers a one-time energy credit for income-eligible customers of up to $300 based on a past-due balance. Arrearage Management Plan (AMP): a debt forgiveness plan for eligible residential customers. Other programs include Medical Baseline, which offers a reduction on energy bills for customers who depend on power for certain medical needs. Energy Efficiency DIY Toolkit Did you know you can lower energy bills and save money by building an Energy Efficiency DIY Tool Kit? With a $200 investment in energy-efficient materials, customers can save hundreds of dollars each year. About PG&EPacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE: PCG), is a combined natural gas and electric utility serving more than sixteen million people across 70,000 square miles in Northern and Central California. For more information, visit and View original content to download multimedia: SOURCE Pacific Gas and Electric Company Sign in to access your portfolio
