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SoCal Edison rate hikes to be approved today
State regulators are expected to approve the hike today, which would add about $17 a month or $200 a year to the average bill.
LOS ANGELES - State regulators on Thursday approved a rate hike which would add about $17 a month or $200 a year to the average bill.
Southern California Edison said the increase is necessary to maintain the grid and fund wildfire prevention efforts.
The hike is one of several Edison has proposed, with more increases expected through 2028.
What we know:
The California Public Utilities Commission decided on the rate increase for SCE during a meeting in San Francisco.
The meeting was open to the public with a phone and webcast option.
The proposed plan would increase electricity rates by 10%, causing the average residential customer's bill to rise by approximately $17 per month.
Customers could also see additional increases annually through 2028 to account for inflation.
The backstory:
According to the CPUC, the increased rates are meant to cover costs related to wildfire safety, aging infrastructure, and future demands on the grid.
SCE filed its general rate case application in May 2023 for the years 2025 through 2028, and a proposed decision on the matter was issued in July.
The CPUC held multiple public forums and evidentiary hearings throughout 2024 to gather input on the proposal.
What's next:
SCE would implement the new rates on October 1.
The Source: This report is based on information from the California Public Utilities Commission (CPUC), including a "Fact Sheet on Proposed Decision in Southern California Edison's Rate Case." The details on the rate increase, meeting logistics, and the rationale behind the request come directly from these official documents and public proceedings.