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Los Angeles Times
Los Angeles Times
Business
Terry Castleman

Soaring California natural gas prices could bring higher electricity bills this summer

Natural Gas Electricity Gas Prices California CPUC PGE

In the wake of skyrocketing gas rates, a utility company executive suggested that hikes in natural gas costs could lead to higher electricity bills this summer.

The news of a potential hike in electricity prices came during a California Public Utilities Commission hearing Tuesday to explore the causes of this winter's dramatic rise in natural gas prices.

"Wholesale natural gas prices have risen to alarming levels this winter," CPUC President Alice Reynolds said to start the four-hour meeting, noting that consumer natural gas bills are up between 2 and 2.5 times what they were a year ago.

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