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by powerbroker 462 days ago
1. I've paid electric bills in four different cities. Rates haven't been increased at more than 1x annually in any of them.

2. California is getting what seems to be two overhauls: a) replacing/upgrading lines and vegetation practices to harden them against sparking fires; b) massive electrification of cars, data centers, appliances. The capex has to be paid somehow... and interest rates are a drag to that.
1 comments
riku_iki 462 days ago
> Rates haven't been increased at more than 1x annually in any of them.

Do you mean 2x?

> California is getting what seems to be two overhauls

I believe large share of rate increase is because PG&E need to pay multibillion penalty for previous years of negligence which caused multiple fires with casualties.

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DistractionRect 462 days ago
When talking about increases, usually you're talking about the increase by itself.

So if the total bill doubles from last pay period period, it is said that it has _increased_ 1x.

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rat9988 462 days ago
it increased by 100%, not 1x.
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tracker1 462 days ago
No, they're literally the same thing.
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riku_iki 462 days ago
> it is said that it has _increased_ 1x.

my experience is that people say it increased 2x times. You can say it increased by 100%.

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xeromal 462 days ago
They're part of the wildfire fund so hopefully it's not all that.

https://www.cawildfirefund.com/participating-utility-compani...

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riku_iki 462 days ago
that's safety improvement 5B fund, but there are also damage payments for 25.5B: https://www.pbs.org/newshour/nation/judge-oks-nearly-25-bill...
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