PG&E

PG&E Corp. is a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. It specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in San Francisco, CA.

Earnings data Q1 2021

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PG&E reports solid earnings, focuses on risk reduction and growth

PG&E's performance reflects stability and growth potential, supported by successful risk mitigation efforts and financial resilience.
While facing challenges in legal proceedings and financial disallowances, the company is well-positioned to capitalize on opportunities in infrastructure investment and EV market growth.
By focusing on operational excellence, regulatory progress, and innovation, PG&E aims to enhance its competitive position and drive sustainable growth in the future.

PG&E reports strong Q1 earnings, eyes asset sales for growth

PG&E's Q1 2023 Earnings Call showcased solid financial performance, progress in risk mitigation, and confidence in meeting targets. The company faces challenges with cost of capital adjustments and significant impact filings. However, opportunities like dividend reinstatement and asset sales present avenues for growth and savings.

PG&E reports steady earnings, focuses on safety and innovation

PG&E's financial performance in Q2 2023 was steady, with a focus on earnings growth and risk mitigation strategies.
The company's emphasis on safety, innovation, and AI integration highlights a commitment to operational excellence.
While facing regulatory and data protection challenges, PG&E is poised to leverage opportunities for growth and customer support.

PG&E reports in-line Q3 earnings, focuses on safety and stability

PG&E's Q3 performance met expectations, with a focus on safety, financial stability, and infrastructure investments.
While challenges exist in cash flow constraints and rate case decisions, the company is proactive in advocating for regulatory support.
Opportunities lie in strengthening financial metrics, legislative milestones, and ongoing infrastructure projects for future growth and resilience.

PG&E surpasses earnings expectations, Moody's upgrades rating outlook

PG&E's strong financial performance in 2023 exceeded expectations, with a positive outlook for future growth. The company's focus on risk mitigation, efficient financing, and customer service enhancements positions it well for continued success. Challenges include addressing potential asset sales and rate payer impacts, while opportunities lie in electrification and strategic financial planning.

PG&E reports solid Q1 earnings, eyes growth amidst regulatory challenges

PG&E's Q1 2024 performance aligns with guidance, emphasizing growth and customer benefits.
The company's financial plan prioritizes dividend growth, equity investments, and cost savings.
Challenges include financing CapEx, supply chain efficiency, and regulatory compliance.
Opportunities lie in investment potential, regulatory developments, and technological advancements.

PG&E reports solid earnings, advances safety measures amid wildfire risks

PG&E's Q2 2024 performance reflects steady earnings growth and strategic resilience, underpinned by robust financial risk mitigations and customer-centric investments.
While challenges persist in managing wildfire risks and navigating regulatory landscapes, the company's proactive approach and advocacy efforts signal a commitment to long-term sustainability.
Opportunities lie in influencing policy discussions, expanding market presence through affordable growth strategies, and leveraging additional liquidity for future investments and resilience.
Overall, PG&E's focus on safety, financial discipline, and stakeholder engagement positions it well for sustainable growth and value creation in the evolving energy landscape.

PG&E reports solid Q3 earnings, focuses on safety and growth

PG&E's financial performance in Q3 2024 showed steady growth and a narrowed EPS guidance for the year.
The company's commitment to safety, infrastructure investments, and financial discipline were key highlights.
Challenges in managing cash flows, securing financing, and regulatory compliance were also discussed.

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PG&E Corp. operates as a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. It specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in Oakland, CA.

SAN FRANCISCO--(BUSINESS WIRE)--Sponsoring community-driven efforts to find innovative responses to the growing threat of climate change has been a key focus of Pacific Gas and Electric Company's (PG&E's) grant funding in recent years. The company is now expanding that portfolio to include support for local safe gathering places and access to critical services during extreme weather events and other emergency situations. The Resilience Hubs grant program will award $400,000 annually over fi

PG&E Funds New Grant Program to Support Community Response to Extreme Weather Events

SAN FRANCISCO--(BUSINESS WIRE)--With continuing triple-digit heat forecast for today (Friday, June 18), the state's grid operator has called for afternoon and evening energy conservation throughout California as one way to help the supply of power stay ahead of demand. The California Independent System Operator (CAISO) has issued the Flex Alert for today from 6 p.m. to 9 p.m. The grid operator forecasts an increase in electricity demand, primarily from air conditioning use, due to the heat wave

State's Grid Operator Asks Electric Customers Across California to Conserve Power Today as Heat Wave Increases Energy Demand Across the West

SAN FRANCISCO--(BUSINESS WIRE)--Before heading to the hardware store this weekend, enjoy a cup of coffee as you watch co-host David Hawks, former CAL FIRE Chief of the Butte Unit and current PG&E Senior Public Safety Specialist, in a brand-new video series, “7 Saturdays to a More Fire-Resistant Home,” where he demonstrates tangible steps that Californians can take to harden their homes against wildfires and help keep their families and communities safe. With over 90% of California experienc

New Digital Video Series Shows Customers Simple Ways to Make Homes More Fire Resistant

SAN FRANCISCO--(BUSINESS WIRE)--Pacific Gas and Electric Company (PG&E) announced that rotating power outages were not needed today to maintain electric grid stability during the extreme heat that affected much of the state, because California's grid had adequate power supply to meet consumer demand. After the California Independent System Operator (CAISO) issued a Grid Warning mid-afternoon, PG&E reached out to public safety partners across its service area and to about 121,000 custome

No Rotating Power Outages Needed Today: Electricity Conservation Helps Grid Stability

SAN FRANCISCO--(BUSINESS WIRE)--The state's grid operator issued a Grid Warning this afternoon indicating that some Pacific Gas and Electric Company (PG&E) customers might face rotating outages between 7 p.m. and 9 p.m. this evening, for a period of about one to two hours. The California Independent System Operator (CAISO), which oversees the larger power grid and balances energy demand with supply, says that the demand for electricity this afternoon and evening, mostly from air conditioner

With Extreme Heat Wave Impacting California and the West, State Grid Operator Warns that Rotating Power Outages Might Be Needed

SAN FRANCISCO--(BUSINESS WIRE)--With possible record-high temperatures forecast for Thursday, June 17, the state's grid operator has called for afternoon and evening energy conservation tomorrow throughout California as one way to make sure that the supply of power stays ahead of demand. The Flex Alert, called by the California Independent System Operator (CAISO), has been issued for Thursday from 5 p.m. to 10 p.m. The grid operator is predicting an increase in electricity demand, primarily fro

State's Grid Operator Asks Electric Customers Across California to Conserve Power Thursday as Heat Wave Increases Energy Demand Across the West

SAN FRANCISCO--(BUSINESS WIRE)--After unseasonably cool weather in parts of Northern and Central California over the past few weeks, the first true heat wave of summer arrives this week. Temperatures are forecast to begin climbing on Wednesday (June 16) through the weekend. Pacific Gas and Electric Company's (PG&E) in-house meteorologists say that a strong area of high pressure will develop over the desert Southwest this week resulting in a warming trend that will see triple-digit heat retu

With Early Statewide Heat Wave Expected This Week, PG&E Has A Plan to Support Customers and Offers Safety and Preparedness Tips for the Upcoming Weather

BRICEBURG, Calif.--(BUSINESS WIRE)--Today, Pacific Gas and Electric Company (PG&E) marked the commissioning of its first hybrid renewable standalone power system, built and installed by BoxPower Inc. The remote grid permanently replaces the overhead distribution powerlines that once served a handful of customers in a High Fire-Threat District (HFTD) area of the Sierra Nevada foothills outside Yosemite National Park, improving reliability and significantly reducing wildfire risk. As detailed

New Remote Microgrid Replaces Traditional Electric Poles and Wires, Reducing Wildfire Risk for PG&E Customers in High Fire-Threat Area

SAN FRANCISCO--(BUSINESS WIRE)--There are several easy-to-use programs available to assist customers during a Public Safety Power Shutoff (PSPS) which occurs during severe weather to prevent wildfires. For those customers who need electricity for very specific needs, such as charging and operating medical devices or running their well pumps, having a battery or generator option becomes a vital solution to lessening or overcoming the impacts of a PSPS. And that's why PG&E offers numerous pro

Learn About Available Programs that Provide Backup Power and Lessen the Impact of a Public Safety Power Shutoff

SAN FRANCISCO--(BUSINESS WIRE)--Weekly regional wildfire safety webinars will be taking place every Thursday in June, providing our customers with an opportunity to better understand the wildfire prevention plans and progress that has been made in 2021 and to share their feedback. Pacific Gas and Electric Company (PG&E) hosts these webinars as part of our commitment to the safety of customers and the communities we serve, as the company works year-round to make its system safer and more res

Thursday Webinars Give Customers a Chance to Ask Questions and Hear About Wildfire Safety Progress and Public Safety Power Shutoff Improvements

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SAN FRANCISCO--(BUSINESS WIRE)--It is graduation season in California and an important reminder for the public about the safety risks associated with helium-filled metallic balloons. If your graduation celebration involves balloons, make sure they are secured with a weight. Otherwise, they can float away and come into contact with overhead power lines, causing a public safety risk. In the first four months of 2021, metallic balloons striking electric lines have caused nearly 175 power outages i

Make Sure the Celebration for Your Graduate is As Bright as Their Future by Keeping the Lights on this Graduation Season

SAN FRANCISCO--(BUSINESS WIRE)--As part of its commitment to enhance focus on safety, security, and operational performance, PG&E today announced the appointment of five Regional Vice Presidents and the appointment of Jerry L. Davis as Vice President and Chief Information Security Officer. Regional Vice Presidents The announcement of the regional leaders marks a milestone in PG&E's plan to move to a regional service model, as outlined in its Chapter 11 Plan of Reorganization and its Upd

PG&E Advances Regionalization Plan to Deliver Better Operational and Safety Outcomes with Appointment of Regional Vice Presidents; Strengthens Security with Hiring of New Chief Information Security Officer

SAN FRANCISCO--(BUSINESS WIRE)--Pacific Gas and Electric Company (PG&E) has reached agreements to resolve the wildfire civil claims held by 10 local public entities, including cities and counties, affected by the 2019 Kincade Fire in Sonoma County and 2020 Zogg Fire in Shasta County. Under the agreements, a total of $43.36 million in payments will be made to those entities. “When I joined PG&E earlier this year, I said that I wanted to make it right and make it safe for our customers an

PG&E and Local Public Entities Resolve Kincade and Zogg Wildfire Civil Claims

SAN FRANCISCO--(BUSINESS WIRE)--At a time when access to technology and tech support has never been more critical, Pacific Gas and Electric Company (PG&E) is continuing its ongoing commitment to digital access in education. Today, PG&E announced two charitable contributions totaling $1 million: funding for #OaklandUndivided to purchase computers and internet hot spots and provide tech support for students; and funding for Closing the Digital Divide, a California Department of Education

Addressing California's Digital Divide: PG&E Supports Oakland and Statewide Initiatives to Boost Technology Access for Young Students

The stock price of PG&E Corporation (NYSE: PCG) increased by 2.82% yesterday. This is why it happened.

PCG Stock Price: 2.82% Increase Explanation

Shares of PG&E Corporation (NYSE: PCG) rose as much as 3.11% on Monday after the California utility company disclosed plans to sell its San Francisco headquarters to Hines Atlas US LP for $800 million and return up to $420 million back to its customers. What Happened: The sale is part of the gas and power company's planned move to Oakland in 2022 and consolidate two additional Bay Area offices into its new headquarters.

What's Going On With PG&E Stock?

PG&E Corp. emerged from bankruptcy with a low valuation and remains undervalued.

PG&E: Likely To Stay Undervalued During Fire Season

Shares of PG&E Corp. rose 0.9% in premarket trading Monday, after the California-based utility announced an agreement to sell its San Francisco headquarters complex for $800 million to Hines Atlas U.S. LP. The utility said it proposing to distribute $390 million to $420 million in proceeds from the sale to its customers, pending approval by the California Public Utilities Commission (CPUC).

PG&E stock gains after deal to sell San Francisco headquarters for $800 million

SAN FRANCISCO--(BUSINESS WIRE)--PG&E Corporation and Pacific Gas and Electric Company (together, “PG&E” or the “company”) today announced an agreement to sell the company's San Francisco headquarters complex, which includes 77 Beale Street and 245 Market Street, to Hines Atlas US LP, a Delaware limited partnership, for $800 million. In keeping with commitments PG&E made last year, the company is seeking California Public Utilities Commission (“CPUC”) approval to return the net gain

PG&E Agrees to Sell Its San Francisco Headquarters Complex to Hines Atlas US LP for $800 Million

SAN FRANCISCO--(BUSINESS WIRE)--Customers who have been financially impacted by the COVID-19 pandemic can now find new and updated information and web resources on various programs available to those who are behind on their bills and/or needing financial assistance due to the ongoing pandemic by going to pge.com/covid19. Pacific Gas and Electric Company's (PG&E) updated customer support website, launched earlier this month, provides information on all the financial assistance and support pr

New and Updated Web Resources to Help Customers Financially Impacted by COVID-19

SACRAMENTO, Calif.--(BUSINESS WIRE)--To raise awareness about wildfire safety and bring resources to underserved communities in high fire-threat areas in 2021, Pacific Gas and Electric Company (PG&E) is joining forces again with the California Fire Foundation (CFF), providing $1.4 million for CFF's Wildfire Safety and Preparedness Program (WSPP). Fire departments and community-based organizations in California can submit applications beginning this week for grant funding to address ongoing

Helping Our Communities Stay Safe: PG&E and California Fire Foundation Renew Partnership to Tackle Wildfire Risk

SAN FRANCISCO--(BUSINESS WIRE)--In honor of Asian American Pacific Islander (AAPI) Heritage Month in May, Pacific Gas and Electric Company (PG&E) today announced it will contribute $200,000 to nonprofit organizations that support the AAPI community, with a focus on safety for individuals in PG&E's service area and across the country. “I stand in celebration and solidarity with my AAPI coworkers and neighbors this month and every month. We call upon everyone in our communities to come to

Supporting Local Communities: PG&E Contributes $200,000 to Celebrate and Support the Asian American Pacific Islander Community

SAN FRANCISCO--(BUSINESS WIRE)--As part of its commitment to the safety of its customers and the communities it serves, Pacific Gas and Electric Company (PG&E) is working year‑round to make its system safer, to prevent wildfires and to improve Public Safety Power Shutoff (PSPS) events. To share its wildfire prevention plans in 2021 and listen to customers' feedback, PG&E is hosting a series of weekly regional wildfire safety webinars. Each event will feature a brief presentation, after

Helping Customers Prepare For Wildfire Season: PG&E Hosting Weekly Regional Wildfire Safety Webinars

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With the trading day more than halfway over, the broad markets were somewhat mixed on the day.

News for PG&E Stock (PCG)