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Saturday, November 7, 2026

Berkshire Hathaway utility asks California regulators for 57% rate increase

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Thomas Fire Burns in Carpinteria, California

JPhilipson/iStock Editorial via Getty Images

Berkshire Hathaway's (BRK.B) (BRK.A) Pacific Power utility asked California regulators Friday to approve a 57% rate increase that would hike the typical residential electricity bill by $120/month.

The increase would boost the utility's base revenue by $103M/year and reflects capital spending

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