Having paid to shareholders money it was supposed to use on wildfire remediation and prevention, PG&E now says it can’t get the work done unless it raises rates. Last week the California Public Utilities Commission approved the first of several upcoming requests by PG&E to raise customer utility rates to recover some of the costs relating to the fires.
Northern California Fire Lawyers attorney Mike Danko told KRON4:
[The CPUC] gave PG&E no pushback – it voted unanimously to let them raise the rates. I think this is just a warmup. It’s going to happen again and the next one is going to much more significant…That’s what got us into this trouble is PG&E’s unrelenting quest for profits.
Governor Gavin Newsom also commented,
To increase returns on Wall Street investments at a time when you haven’t even settled victims’ claims, it’s not only tone deaf, its jaw-droppingly wrong.
About Northern California Fire Lawyers
Northern California Fire Lawyers is a team of more than 30 attorneys from a coalition of three Northern California law firms: Corey, Luzaich, de Ghetaldi & Riddle, Danko Meredith and Gibbs Law Group. Collectively, our fire lawyers have more experience investigating and bringing claims against PG&E than any law firm in California. Our attorneys have been appointed by California judges to leadership positions in some of the largest fire and disaster cases, including the Butte Fire Cases, 2017 and 2018 PG&E Fire Cases, and San Bruno Explosion lawsuits.
We have earned hundreds of millions of dollars in settlements and verdicts for our clients, and members of our team have been honored for their work with numerous awards, including “Top Plaintiff Lawyers in California,” “Trial Lawyer of the Year,” and “Top Women Lawyers in Northern California,” among others.