The approval of the General Rate Case by CPUC is a regulatory decision that directly affects PG&E's pricing structure for the services it provides. While this will likely have an impact on the company's revenues, the effect on the stock price in the short term is uncertain, as rate changes are expected and often priced in by the market. Additionally, the impact on customer bills could influence public perception and demand for PG&E's services, but the exact financial outcome is difficult to predict immediately.