California regulators approve flat rate for electric bills, impacting utility companies like PG&E

California regulators have approved a flat rate for electric bills, setting it at $24.15 monthly for most customers, while low-income individuals on CARE or FERA programs will pay $6 or $12. The decision by the California Public Utilities Commission aims to redistribute costs associated with infrastructure maintenance, promising reduced usage rates and potential bill decreases for large families and residents in hot climates. However, concerns arise about increased costs for low-usage households and reduced incentives for electricity conservation. The new rate structure for PG&E customers will be implemented in 2026.