PG&E CEO: Soaring California power bills poised to start dropping

The head of California’s largest utility, facing mounting scrutiny over surging power bills, said that trend is poised to stop and may soon reverse.

PG&E Corp. customers could see bills drop as soon as next year, Chief Executive Officer Patti Poppe said in an interview Thursday. The utility, which serves Northern and Central California, has sharply raised rates as it fortifies its system against wildfires, which drove the company into bankruptcy in 2019. But the higher bills, including a 13% jump in January...