PG&E seeks approval to provide electric vehicle rebates
For PG&E customers who own or lease an electric vehicle, PG&E proposes a one-time rebate for each vehicle
Pacific Gas and Electric Co. filed a proposal with the California Public Utilities Commission (CPUC) to provide rebates to customers who charge their electric vehicles at home or fuel natural gas vehicles at PG&E-owned compressed natural gas fueling stations. If the CPUC approves, PG&E could begin issuing rebates in the second half of 2016.
Funding for the rebates will come from PG&E’s sale of credits that it receives under California’s Low Carbon Fuel Standard (LCFS) program, not from customer rates. Estimated rebate amounts will be provided by PG&E to the CPUC in September.
For PG&E customers who own or lease an electric vehicle, PG&E proposes a one-time rebate for each vehicle. A single customer can receive multiple rebates if they own several electric vehicles.
For customers who fuel their cars at one of PG&E’s compressed natural gas fueling stations, the utility will provide an annual credit on their compressed natural gas fuel bill, based on their fuel usage.
The LCFS program, administered by California’s Air Resources Board, aims to reduce greenhouse gas emissions from transportation fuels. Companies such as PG&E receive credits on behalf of their customers for dispensing fuels — such as electricity or natural gas — with lower carbon intensities than the conventional gasoline or diesel fuels they replace. The credits can be sold in the market to entities that need them for compliance purposes.