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PG&E seeks approval to offset price will increase with tax breaks

Pacific Fuel and Electrical Co. proposed Friday that it’s allowed to cross alongside $325 million a yr for 2 years in federal tax breaks to prospects — a transfer that may nonetheless lead to month-to-month price will increase, although barely much less painful ones.

The utility requested the California Public Utilities Fee for approval to offset price will increase with tax breaks it expects to obtain from the federal tax overhaul signed into regulation in December.

“We hope prospects would see these offsets by January,” stated Paul Doherty, a PG&E spokesman, including that the approval course of can take many months.

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