GOVERNOR SHAPIRO PRESSURING UTILITY COMPANIES TO REIN IN RISING COSTS

Governor Josh Shapiro is pressuring Pennsylvania utility companies to rein in rising energy costs. According to the Tribune-Review, Shapiro warned in a letter that he will strongly oppose what he called “unacceptably high” rate increases, urging companies to change how they set prices and profits. Energy bills have been climbing due to higher demand and other factors, but the governor argues utility rate hikes are a major driver. Shapiro is calling for reforms to the rate-setting process, though regulators say any changes would still require approval from the state Public Utility Commission.