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California Utilities Commission Proposes Lower ROE for PG&E, Edison

11/26/2025

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Summary

Story summary

The California Public Utilities Commission proposes reducing return on equity (ROE) for Pacific Gas and Electric Company (PG&E) and Southern California Edison.
The move would lower the ROE by 0.35 percentage points, potentially bringing PG&E’s rate to 9.93%.
Utilities say the reduction could hinder infrastructure.
Critics argue the change would not significantly affect consumer bills.
The commission plans a December vote amid concerns about debt and equity affecting credit ratings.

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Story summary

The California Public Utilities Commission proposes reducing return on equity (ROE) for Pacific Gas and Electric Company (PG&E) and Southern California Edison.
The move would lower the ROE by 0.35 percentage points, potentially bringing PG&E’s rate to 9.93%.
Utilities say the reduction could hinder infrastructure.
Critics argue the change would not significantly affect consumer bills.
The commission plans a December vote amid concerns about debt and equity affecting credit ratings.