Regulators want to scale back PG&E’s $6 billion proposal to bury power lines

Pacific Gas & Electric Co. is working to bury thousands of miles of power lines in high-risk areas over the next few years to prevent wildfires. However, the company needs approval from state regulators to raise rates to pay for it, and regulators argue the ambitious plan will cost customers too much. PG&E’s proposed¬†four-year budget¬†includes spending nearly $6 billion to bury 2,000 miles of power lines by 2026. It would add about $3.40 to a typical residential bill each month.