Utility Dive•7 days ago
Data center growth has helped PG&E cut rates 11% since 2024, CEO says
Key Takeaway
While data center growth is driving down PG&E rates, California's wildfire policies are imposing a significant cost burden that developers and large power consumers should monitor for overall rate impacts.
AI Summary
- •PG&E has reduced rates by 11% since 2024, primarily attributed to robust data center load growth within its service territory.
- •California's existing wildfire policies are described by PG&E's CEO as 'regressive' and a significant financial burden on ratepayers, potentially counteracting benefits from load growth.
- •The increasing demand from data centers is a key factor influencing utility rates and grid planning in California, signaling a growing market for power supply and infrastructure.
Topics
caisodatacenterpolicy