Southern California Gas Co. — a utility that serves nearly 22 million people from the Central Valley to the U.S.-Mexico border — hopes to raise rates in 2024.
The request comes as many gas customersbecause of surges in the wholesale price of natural gas, though SoCalGas’ bid is unrelated to the fluctuations in the market. The company filed its application with the California Public Utilities Commission in May as part of a regular rate-setting process.Household budgets, already stretched thin as the price of everything from rent to eggs soars, are being pummeled by monster bills for natural gas.
Such proceedings occur every four years, with the PUC taking “a broad, in-depth look at a utility’s costs of operating and maintaining their system, and the allocation of those costs among customers,” PUC spokesperson Christopher Chow said. This proceeding, which will also include public input, will determine the total amount SoCalGas is authorized to collect from customers in 2024-27.If SoCalGas’ rate request is approved in its entirety, “the average residential monthly bill using 36 therms per month would increase by approximately $8.62 per month in 2024” compared with 2023, according to
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