PG&E to cut electricity rates June 1

http://sacramento.bizjournals.com/sacramento/stories/2010/05/17/daily70.html

Pacific Gas and Electric Co. will cut average rates for all electricity customers by 3 percent beginning June 1 in an effort to help business and residential customers manage electricity costs. “California is in the midst of its worst economic downturn in nearly 70 years,” Helen Burt, PG&E’s senior vice president and chief customer officer, said in a news release. “We have an obligation to all our customers to help them keep their energy costs and usage in check.” While PG&E is lowering the average rates for all customers by 3 percent, individual customers’ bills will vary depending on how much electricity they use. Besides lowering the average rates, PG&E also will cut the top residential rate charged for the highest level of use by 19.6 percent, and drop the next highest level of use by 5.8 percent. Rates for the middle tier will rise 1.8 percent to help offset o