All PG&E customers should have received a bill insert with their July 2009 electric bills that indicated PG&E had over-collected for their generation costs and that there would be a year-end alignment to correct PG&E's discrepancy that would yield a January 2010 rate reduction of around 10%. Recently, PG&E announced that they would be giving customers a credit on their November and December 2009 bills of approximately 4% of the annual electric charges to clear the company's oversight. We've received confirmation from the PG&E Rates Department that the 4% credit is a substitute for the expected January rate reduction. In fact, PG&E is now planning a small 0.7% rate increase for January 2010.
BOMA San Francisco members should consider revising their 2010 budgets to factor in this small rate increase as opposed to a large decrease.
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