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PG&E asks for higher ROE to fund wildfire safety upgrades
Utility Dive: PG&E expects to invest $28 billion in energy infrastructure upgrades over the next four years, with three-quarters of the total going toward safety and reliability. In order to fund those upgrades, the bankrupt utility says it needs to sweeten the deal for investors.
"In order to invest in the affordable, safe, reliable and clean energy future our customers expect and demand, investors must continue to play a vital role in providing the capital necessary to fund essential safety and reliability infrastructure upgrades," Jason Wells, PG&E senior vice president and chief financial officer, said in a statement.
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