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Energy company Pacific Power, owned by Berkshire Hathaway, has asked California regulators for a 57% increase in electricity rates, the Wall Street Journal reports. The move will increase annual revenues by $103 million. The funds will be used to modernize the electricity networks in areas prone to fires and to cover legal costs following the 2020 and 2022 fires.

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🇺🇸 USA · קליפורניה · Map

Energy company Pacific Power, owned by Berkshire Hathaway, has asked California regulators for a 57% increase in electricity rates, the Wall Street Journal reports. The move will increase annual revenues by $103 million. The funds will be used to modernize the electricity networks in areas prone to fires and to cover legal costs following the 2020 and 2022 fires.

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