PG&E Provides Over $50 Million in Bill Support to Customers Through REACH Program in 2024, Additional CARE & FERA Discounts Available to Qualifying Customers
Rhea-AI Summary
PG&E has provided over $50 million in financial assistance to nearly 58,000 customers through the REACH program in 2024. The program increased maximum customer bill credits from $500 to $2,000 and introduced a 3-to-1 match on customer bill payments. Fresno County received the highest distribution with $9.8 million across 13,743 approved applications. The company is now promoting additional support through CARE and FERA programs, which provided nearly $1 billion in customer bill reductions in 2023. CARE offers 20%+ monthly discounts on gas and electricity, while FERA provides 18% monthly electricity discounts for larger households.
Positive
- Distributed $50 million in financial assistance to 58,000 customers through REACH program
- Increased maximum bill credits from $500 to $2,000
- Provided nearly $1 billion in customer bill reductions through CARE and FERA in 2023
Negative
- REACH program funding was fully utilized by September 2024
- Program will return to lower standard benefit level of $300 per household in 2025
News Market Reaction 1 Alert
On the day this news was published, PCG gained 1.51%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Nearly 58,000 Customers Received REACH Benefits in 2024; Customers are Encouraged to Check Eligibility and Apply for CARE & FERA
The record REACH program assistance comes after PG&E's
The largest number of approved customer applications and funding for REACH and REACH Triple Match was distributed in the following five counties:
County | Approved Customer (REACH & REACH Triple Match) | Funds Distributed (REACH & REACH Triple Match) |
13,743 | ||
Kern | 8,164 | |
7,529 | ||
Contra Costa | 5,860 | |
5,145 |
Funding for the REACH program was fully utilized in September. In January 2025, PG&E expects to re-open the REACH program at the standard benefit level of up to
"Service is central to our mission, and we want our customers to know about the various bill support programs that can help provide them with immediate relief," said Vincent Davis, PG&E Senior Vice President, Customer Experience. "Customers who qualify for REACH may also qualify for the CARE and FERA programs, which reduced customer bills by almost
CARE & FERA Programs
The CARE and FERA programs provide a monthly discount for income-qualified households and share one application. However, each program offers a different type of energy discount and has different eligibility guidelines:
- CARE: provides a monthly discount of
20% or more on gas and electricity bills. - FERA: provides a monthly discount of
18% on electricity for households of three or more people.
Other Income-Eligible Assistance Programs
PG&E has other assistance programs to help income-eligible customers pay their energy bills:
- Low Income Energy Assistance Program (LIHEAP): a federally funded assistance program overseen by the state that offers a one-time payment up to
on past due bills to help low-income households pay for heating or cooling in their homes. Over 58,000 PG&E customers have received nearly$1,000 in LIHEAP funding so far this year.$49 million - Arrearage Management Plan (AMP): a debt forgiveness plan for eligible residential customers.
Other programs include Medical Baseline, which offers a lower monthly rate for customers with certain medical conditions.
To learn more about PG&E's energy-saving programs to help lower your bills, visit Save Energy & Money.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE: PCG), is a combined natural gas and electric utility serving more than sixteen million people across 70,000 square miles in Northern and
View original content to download multimedia:https://www.prnewswire.com/news-releases/pge-provides-over-50-million-in-bill-support-to-customers-through-reach-program-in-2024-additional-care--fera-discounts-available-to-qualifying-customers-302315703.html
SOURCE Pacific Gas and Electric Company