PG&E To Offer Targeted Electric Rate Reductions to Promote Economic Development
Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact email@example.com.
SOURCE Pacific Gas and Electric Company (PG&E)
Program for Eligible Businesses Will Help Retain and Attract Jobs in California
SAN FRANCISCO, Oct. 3, 2013 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) will soon begin offering a competitive new electric rate aimed at promoting economic development by making it possible for eligible employers to keep, expand or launch new operations in California rather than leave the state. The new rate, approved today by the California Public Utilities Commission, is designed to benefit all PG&E customers by making more revenues available to cover fixed costs.
"As a major supplier to California businesses, PG&E is committed to helping create and retain jobs in our communities by offering appropriate incentives that will enhance our state's competitiveness and energize its economy," said Chris Johns, President of PG&E. "Our new economic development rate goes hand in hand with other initiatives we have launched to boost economic vitality in the communities we serve."
The newly approved economic development rate targets companies-with power loads of at least 200 kilowatts-that would otherwise locate operations and hire employees out of state. The rate would provide a 12 percent rate reduction for five years for those who avow that they need it to stay, site new operations, or expand existing facilities in California.
To address the more acute challenges faced by cities and counties in PG&E's service area with unemployment rates at least 25 percent higher than the state average, the utility will offer a more significant rate reduction of 30 percent for five years.
PG&E's proposal to support job creation, which was drafted in consultation with several local government leaders, received unprecedented support from a coalition of 31 cities and 10 counties in Northern and Central California.
"I want to commend PG&E and the Commission for addressing the major economic challenges we face and being so responsive to the unique needs of our high unemployment communities," said Fresno Mayor Ashley Swearengin. "This reduced rate is exactly the kind of tool we need to grow businesses and jobs for our residents. The 40 cities and counties that came together to support this program are extremely grateful for today's action and are proud of the collaboration between our communities, PG&E, and the Commission."
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric utilities in the United States. Based in San Francisco, with 20,000 employees, the company delivers some of the nation's cleanest energy to 15 million people in Northern and Central California. For more information, visit http://www.pge.com/about/newsroom/ and www.pgecurrents.com.
Friday, December 6 2013 12:02 PM EST2013-12-06 17:02:41 GMT
LEWES, Del.- Guests staying at the Red Mill Inn in Lewes were forced to leave their rooms and belongings after a fire ripped through the lodge's building. According to the Lewes Volunteer Fire Company,More
Guests staying at a hotel in Lewes were forced to leave their rooms and belongings after a fire ripped through the building late Thursday night.More
Friday, December 6 2013 11:27 AM EST2013-12-06 16:27:00 GMT
One of Joshua Wright's earliest memories involves Nelson Mandela.More
University of Maryland Eastern Shore professor Joshua Wright says one of earliest memories involves Nelson Mandela, the former South African president and anti-apartheid leader who died Thursday at age 95.More
Friday, December 6 2013 8:36 AM EST2013-12-06 13:36:45 GMT
SALISBURY, Md.-Late last week Salisbury City Council President, Jake Day was pulled over in Anne Arundel County. According to online Maryland Court records he's accused that day of driving 73mph in aMore
Late last week Salisbury City Council President, Jake Day was pulled over in Anne Arundel County.
According to online Maryland Court records he's accused that day of driving 73mph in a 55mph zone.
Friday, December 6 2013 9:01 AM EST2013-12-06 14:01:47 GMT
MILFORD, Del. - It was like a scene from a Hollywood movie.A high speed chase through Eastern Sussex County that eventually ended near Milford, but not after a 70-mile cat-and-mouse game with police. PoliceMore
Police officers chased 45-year old Jorge Vasquez for almost two hours through multiple towns. That has some people questioning whether police should have stopped the pursuit.More
A high-speed police chase that traversed eastern Sussex County ended in Milford on Wednesday afternoon, authorities say. Georgetown Police say they've arrested 45 year old Jorge Vasquez for reckless endangering, resisting arrest, failure to stop on command of a police officer and numerous other traffic offenses, in connection with today's chase.More