FERC Rejects PG&E Bid to Raise Profits
Utility Argued Return on Equity Should Consider Wildfire Risks
PG&E sought a high ROE based on its financial risks from destructive wildfires, such as last year's Dixie Fire. | U.S. Forest Service
Mar 21, 2022
|
FERC rebuffed a request by PG&E for a 13% return on equity based on its financial risks from wildfires and the state's aggressive decarbonization efforts.