PG&E to Provide Bill Credit to 3 Million Customers
22 October 2009 - 4:48AM
PR Newswire (US)
Customers Will See Refund in November or December SAN FRANCISCO,
Oct. 21 /PRNewswire-FirstCall/ -- Thanks to lower fuel costs,
Pacific Gas and Electric Company (PG&E) announced that more
than 3 million of its electric customers will receive a one-time
credit on their November or December bill. PG&E will refund a
total of more than $400 million to customers, as approved by the
California Public Utilities Commission (CPUC). "This refund, as
well as the company's current portfolio of energy savings and
assistance programs, will help customers reduce their energy
costs," said Helen Burt, senior vice president and Chief Customer
Officer for PG&E. "Whether passing along lower natural gas
prices or offering advice and incentives for ways to use energy
more efficiently, PG&E is helping residential and business
customers realize the financial and environmental benefits."
Electric rates are set every year based on market forecasts. If
electricity costs are lower than forecast, as happened this year
because of falling natural gas prices, PG&E refunds the
difference to customers. Normally, the refund would be spread out
over the following year, but because of the tough economy, PG&E
asked the CPUC in July to provide customers with a bill credit
before the end of the year and was granted permission this month.
The size of the refund will depend on a customer's usage and
location. For example, a typical residential customer in Stockton
using 850 kilowatt hours (kWh) per month will receive a credit of
about $71. A typical residential customer in Stockton using 1,500
kWh per month will receive a credit of about $239. Residential
customers with relatively low usage (defined as less than 131% of
baseline usage for their area) and CARE customers, were protected
from the rate impact of the 2009 energy-cost forecast and therefore
will not receive a credit. In addition to the one-time bill credit,
PG&E offers a menu of energy efficiency, information and
customer assistance programs as part of the utility's comprehensive
plan to help its customers better manage their energy usage and
power costs. Some of PG&E's more popular programs include: --
Rebates and tax credits for investing in a wide range of energy
efficient appliances and other energy saving technologies, such as
ENERGY STAR-qualified room air conditioners and refrigerators, wall
insulation and compact fluorescent lamps; -- SmartEnergy
Analyzer(TM), an online analysis tool for evaluating your energy
use, which provides advice for translating customer action into
savings; -- Winter Gas Savings Program will give qualifying
residential and business customers a credit of up to 20 percent on
their natural gas bill for simply reducing natural gas usage during
January and February; -- PeakChoice(TM) provides financial
incentives to businesses for reducing their energy usage; -- Energy
Partners provide income-qualified customers free energy education,
weatherization measures and energy-efficient appliances to reduce
gas and electric usage; -- CARE (California Alternate Rates for
Energy) provides a monthly discount on energy bills for
income-qualified households and housing facilities; -- FERA (Family
Electric Rate Assistance) provides a monthly discount on electric
bills for income-qualified households of three or more persons; --
REACH (Relief for Energy Assistance through Community Help)
provides emergency energy assistance to low-income families who are
in jeopardy of losing their electricity services; and -- LIHEAP
(Low Income Home Energy Assistance) provides financial grants to
people who need help paying their utility bills. Pacific Gas and
Electric Company, a subsidiary of PG&E Corporation (NYSE: PCG),
is one of the largest combined natural gas and electric utilities
in the United States. Based in San Francisco, with 20,000
employees, the company delivers some of the nation's cleanest
energy to 15 million people in Northern and Central California. For
more information, visit http://www.pge.com/about/. For more
information about PG&E's many energy savings programs, visit
http://www.pge.com/myhome/saveenergymoney/. DATASOURCE: Pacific Gas
and Electric Company CONTACT: PG&E Media Relations,
+1-415-973-5930 Web Site: http://www.pge.com/
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