BERKELEY (CBS13) – A UC Berkley utility expert says PG&E rates could skyrocket if the utility causes any more devastating wildfires in the state.
In a memo to the governor, Steven Weissman says rates would have to double and continue to grow year after year if California continues to get hit with massive wildfires.READ MORE: First 'Bigger Snowfall' Of Season Expected In Sierra Through Monday Morning, NWS Says
The problems wouldn’t end there. Wiessman says if electricity rates skyrocket, high-energy costs would put California businesses at a disadvantage.READ MORE: New California Animal-Welfare Law Could Push Pork Prices Higher
The sale of electric vehicles would slow as gasoline became cheaper than electricity weMORE NEWS: Man Stabbed Early Sunday Along K Street Mall; Sacramento Police Search For Suspect
More frequent and longer power outage could also happen, Weissman says.