June 02, 2023
Dixie Fire (US Forest Service) Alt FI.jpg
PG&E sought a high ROE based on its financial risks from destructive wildfires, such as last year's Dixie Fire. | U.S. Forest Service

FERC Rejects PG&E Bid to Raise Profits

Utility Argued Return on Equity Should Consider Wildfire Risks

Mar 21, 2022
Hudson Sangree
CAISO/WEIM / Company News / California / Transmission Rates

FERC rebuffed a request by PG&E for a 13% return on equity based on its financial risks from wildfires and the state's aggressive decarbonization efforts.

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