PG&E; hikes electric rates 6%
From Times Wire Services
Pacific Gas and Electric Co. customers will pay more for their electricity after the company hiked its rates by an average of 6%.
The new rates, which went into effect Wednesday, mean a typical residential customer will now pay more than $73 a month for electricity.
Larger homes will see their rates rise to a little more than $158 a month, and a typical small business will pay more than $292.
PG&E; says the rate hike is needed to cover a rise in the price of natural gas.
