PG&E CEO Patti Poppe announced that accelerated large load growth, including data centers, has enabled the company to cut electric rates by 11% since 2024. However, Poppe highlighted that California’s “regressive” wildfire policies are hindering affordability and credit rating improvements. She emphasized the need for legislative reform of the state’s Wildfire Fund to ensure long-term infrastructure investment and lower costs for ratepayers.
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Data center growth has helped PG&E cut rates 11% since 2024, CEO says
PG&E CEO Patti Poppe announced that accelerated large load growth, including data centers, has enabled the company to cut electric rates by 11% since 2024. However, Poppe highlighted that California’s “regressive” wildfire policies are hindering affordability and credit rating improvements. She emphasized the need for legislative reform of the state’s Wildfire Fund to ensure long-term infrastructure investment and lower costs for ratepayers.