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PG&E Approved for Rate Hike to Bury Power Lines in California
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PG&E has been approved for an 11% rate hike in California to bury power lines and reduce the risk of wildfires. The increase will result in an average $32.62 increase in customer bills for residents in the company's Northern California territory. PG&E will invest $4.7 billion over four years to bury 1,230 miles of line and place protective covering on another 778 miles.
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How will the rate hike impact PG&E's financial position?
How will the rate increase affect the overall energy landscape in California?
What are the potential benefits and drawbacks of burying power lines?
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