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PG&E hikes electric rates 6%

October 03, 2008|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.

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