The busbars are rated for 125A. It is a Crouse-Hinds panel and the label states part numbers for a wire kit and breaker to upgrade to 125A. But I created a job request with PG&E so I could find out what would be allowed, and was told that any upgrade or panel replacement would require replacing the underground service wires. Now, perhaps I could get a different answer from a different person at PG&E if I pushed hard enough, but that doesn't seem like the most productive path.
PG&E's requirements are spelled in out in the very large Greenbook manual:
Download the guide to PG&E utility requirements for establishing gas or electric service to new or remodeled customer installations.
www.pge.com
Document 063927 in the appendix covers underground residential conduit requirements. The required size for up to 125A is 2". So if you have a 2" conduit, you may be able to upsize to 125A fairly easily. The relevant section from page 2 of document 063927 is below.
Cheers, Wayne
Upgraded Panel
13. For upgraded panels where the new specified size of service conductor will fit in the existing conduit, it is not
necessary to upgrade the conduit to the currently specified size for the new panel if both of the following are met:
A. The maximum fill ratio is not exceeded.
B. The calculated cable pulling tensions along the conduit route is within limits of the new cable.
14. If the new panel is able to accommodate it, the existing service conductor may be reused provided it meets the load,
voltage drop, and flicker requirements of the new load. If the service conductor size must be upgraded, the existing
conduit must be proofed with a mandrel.
15. Notes 13 and 14 do not apply to the following conditions:
A. Direct buried or Cable-In-Conduit (CIC) service cables. Direct buried and CIC service cables need to be
replaced with approved service cable and installed in approved service conduit.
B. Upgraded electric meter panels that are within 36 inches of the gas service riser. The clearance requirements
in Greenbook Section 5.4.3., “Meter Set Clearance Requirements” must be met for upgraded and relocated
meter panels.