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.

PG&E Corp.'s (PCG) second-quarter adjusted EPS lags the Zacks Consensus Estimate by 14.8%.

PG&E Corp. (PCG) Misses Q2 Earnings, Reaffirms 2023 View

PG&E (PCG) came out with quarterly earnings of $0.23 per share, missing the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.25 per share a year ago.

PG&E (PCG) Q2 Earnings and Revenues Miss Estimates

PG&E Corp on Thursday reported a rise in second-quarter profit, primarily driven by lower costs related to wildfire claims and bankruptcy filings.

PG&E second-quarter profit rises on lower legal costs

Recorded GAAP earnings were $0.19 per diluted share for the second quarter of 2023, compared to earnings of $0.17 per diluted share for the same period in 2022. Non-GAAP core earnings were $0.23 per diluted share for the second quarter of 2023, compared to earnings of $0.25 per diluted share for the same period in 2022.

PG&E Corporation Reports Second-Quarter Results; On Track to Deliver Solid 2023

Deployment of the cloud-based energy management platform enables adoption of greater amounts of distributed energy resources and faster grid connections Breakthrough collaboration provides an intelligent system to maintain grid reliability during periods of extreme weather and heavier demand for electricity BOSTON and OAKLAND, Calif. , July 25, 2023 /PRNewswire/ -- Schneider Electric and Pacific Gas and Electric Company (PG&E) today announced the deployment of a distributed energy resource management system (DERMS) on Microsoft Azure to more effectively maintain grid reliability, and accelerate customer adoption of distributed energy resources (DER) such as electric vehicles, energy storage and rooftop solar.

The Backbone for a Clean, Reliable Energy Future: Schneider Electric and PG&E Announce Solution on Microsoft Azure to Maximize Value of EVs, Solar and Battery Energy Storage as Flexible Grid Resources

Battery Energy Storage and Demand Response Programs Help Support Electric Grid OAKLAND, Calif. , July 21, 2023 /PRNewswire/ -- As another warming trend builds over California with some areas forecasted to hit triple digits through the weekend, Pacific Gas and Electric Company (PG&E) is prepared to meet increased electricity demand with new energy supply, and programs offering customers incentives for adjusting energy use to help reduce demand.

The Heat Is On, Again; PG&E Prepared To Help Keep Customers Cool

Pilots Aim to Narrow the Economic Divide for EV Ownership, Improve Access to EV Charging Stations in Low-Income Areas   OAKLAND, Calif. , July 18, 2023 /PRNewswire/ -- In support of California's goals for vehicle electrification and climate action, Pacific Gas and Electric Company (PG&E) is offering two new programs designed to improve access to electric vehicle (EV) charging infrastructure for customers in underserved communities.

PG&E Rolls Out New Programs to Accelerate EV Adoption in Underserved Communities

SAN FRANCISCO--(BUSINESS WIRE)--The PG&E Fire Victim Trust (FVT) announced today the sale of 60 million shares of PG&E stock as it continues fulfilling its mission to compensate the victims of fires in Northern California from 2015 to 2018. The FVT was created in July 2020 and funded with both cash and shares of stock pursuant to PG&E's Chapter 11 Plan of Reorganization. At that time, 476,995,175 shares of common stock were transferred to the Trust. This was followed on August 3, 20.

PG&E Fire Victim Trust Announces Sale of an Additional 60 million Shares of PG&E Stock

First-of-Its-Kind Event for PG&E Assembles Innovators to Build the Bridge to California's Electrified, Decarbonized Energy Future OAKLAND, Calif. , July 13, 2023 /PRNewswire/ -- Today, Pacific Gas and Electric Company (PG&E) announced keynote speakers for its Innovation Summit 2023 on July 25, featuring a one-on-one conversation and Q&A between Patti Poppe , Chief Executive Officer of PG&E Corporation, and Elon Musk , Chief Executive Officer of Tesla.

Tesla CEO Elon Musk Among Keynote Speakers Announced for PG&E's July 25 Innovation Summit

Flexible Pay Plans & Options Available to Help Customers Get Their Energy Accounts Back on Track OAKLAND, Calif. , July 6, 2023 /PRNewswire/ -- As summer heats up and home energy use increases in parts of California, Pacific Gas and Electric Company (PG&E) urges eligible customers to enroll in financial assistance programs to help lower energy costs and better manage summer energy bills.

PG&E Customers Encouraged to Explore Financial Assistance Programs to Lower Energy Costs and Manage Summer Bills

Customers Should Prepare for Extreme Heat Conditions Across California OAKLAND, Calif. , June 30, 2023 /PRNewswire/ -- Summer is in full swing, the Fourth of July holiday is just days away, and many families are preparing to celebrate Independence Day with fireworks, barbecues and outdoor activities.

PG&E Offers Safety Tips for July 4 Holiday and Summer Heat Wave

OAKLAND, Calif. , June 30, 2023 /PRNewswire/ -- PG&E Corporation (NYSE: PCG) will hold a conference call on Thursday, July 27, 2023, at 11:00 a.m.

PG&E Corporation Schedules Second Quarter 2023 Earnings Release and Conference Call

The utility is applying for cash from an Energy Department program that funds critical projects.

PG&E Seeks $7 Billion Federal Loan to Reduce California Wildfire Risk

OAKLAND, Calif. , June 23, 2023 /PRNewswire/ -- Today, Pacific Gas and Electric Company (PG&E) unveiled a new research, development (R&D) and innovation initiative to bridge the gap between today's energy system and California's electrified and decarbonized future.

Accelerating Innovation with Breakthrough Thinking and Radical Collaboration: PG&E Launches New R&D Strategy Initiative and Innovation Summit

From Advanced Drones and Remote Power Grids to Undergrounding Powerlines using Innovative Methods and Launching a Moon Shot for Wildfire Detection and Suppression, Today's Event Displays a Wide Range of Innovations SAN RAMON, Calif., June 22, 2023 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) is deploying innovative and emerging technologies, including a remotely-operated controlled-burn system, next-generation drones, and wireless remote grids, building upon the proven layers of protection that are reducing wildfire risk from its equipment by 94% (based on established methodologies) in 2023 to help keep its customers and hometowns safe.

As Peak Wildfire Season Nears, PG&E Deploys Innovative Technologies to Enable Layers of Protection to Mitigate Wildfires

The PG&E Corporation Foundation Supporting Small Restaurants for Third Consecutive Year OAKLAND, Calif. , June 13, 2023 /PRNewswire/ -- Locally-owned Northern and Central California restaurants will receive a financial boost from the California Restaurant Foundation (CRF) and The PG&E Corporation Foundation (PG&E Foundation) through grants to invest in equipment upgrades, workforce training and more — all intended to help increase their longevity and business success.

Keeping Local Restaurants Cooking: 77 Restaurants to Receive $5,000 Resilience Grants

PORTLAND, Ore. — A jury in Oregon on Monday found the electric utility PacifiCorp responsible for causing devastating fires during Labor Day weekend in 2020, ordering the company to pay tens of millions of dollars to 17 homeowners who sued and finding it liable for broader damages that could push the total award into the billions.

PacifiCorp could be on the hook for billions after jury verdict in devastating Oregon wildfires

PG&E Corporation held an investor day on May 24th. PG&E has implemented changes to reduce wildfire risks, including adjusting recloser operations to minimize ignition chances. The company plans to spend over $110B in CAPEX over the next ten years, but expects to keep rate increases equal to inflation.

PG&E Investor Day: Potential Dividend Reinstatement And Reduced Wildfire Risk

Taking Action Today Can Help Customers Reduce Energy Usage and Save on Energy Bills OAKLAND, Calif. , June 8, 2023 /PRNewswire/ -- The first day of summer is just around the corner, and many parts of California are already experiencing warmer temperatures.

Countdown to Summer: PG&E Encourages Customers to Prepare Homes for Warmer Weather, Explore Resources to Help Manage Energy Bills

REDDING, Calif. — A California judge on Wednesday dismissed all charges against Pacific Gas & Electric in connection to a 2020 fatal wildfire sparked by its equipment that destroyed hundreds of homes and killed four people, including an 8-year-old child.

California judge dismisses criminal charges against PG&E in deadly 2020 wildfire

A unit of utility firm PG&E Corp said on Wednesday that it would pay $50 million to settle certain charges related to the deadly Zogg wildfires of 2020.

Pacific Gas and Electric to pay $50 million to settle 2020 Zogg wildfire charges

Agreement Resolves Legal Proceeding in 2020 Zogg Fire OAKLAND, Calif. , May 31, 2023 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) announced today that it reached an agreement with the Shasta County District Attorney under which criminal charges arising from the 2020 Zogg Fire will be dismissed.

PG&E and Shasta County District Attorney Reach Settlement to Further Enhance Wildfire Safety

More than $1 million in grants, public education, and outreach funded in 2022; Applications Accepted Through June 30 SACRAMENTO, Calif. , May 30, 2023 /PRNewswire/ -- Today, Pacific Gas and Electric Company (PG&E) and the California Fire Foundation (CFF) announced grant opportunities for California-based fire departments and community-based organizations focused on wildfire safety and preparedness.

PG&E and California Fire Foundation Seeking Applications for Wildfire Safety and Preparedness Grants

OAKLAND, Calif. , May 22, 2023 /PRNewswire/ -- PG&E Corporation (NYSE: PCG) will hold an Investor Day on Wednesday, May 24, 2023, including a virtual webcast at 6:30 p.m.

PG&E Corporation to Hold 2023 Investor Day

PG&E reported solid earnings as well as maintained guidance even with macroeconomic headwinds possibly worse than expected. The company's ability to integrate renewables into its core business will improve PG&E's grid system and spark growth.

News for PG&E Stock (PCG)