PG&E Us Stock Price, News & Analysis

PG&E has announced a $500,000 partnership with Habitat for Humanity California called 'Connecting Hometowns' to support affordable housing initiatives. The two-year program will fund 10 Northern and Central California Habitat projects, with five $50,000 grants awarded across PG&E's service regions in 2025. Projects include new home construction in Sebastopol and Grass Valley, playhouse builds in San Francisco, apartment restoration in San Jose, and infrastructure development in Firebaugh. This initiative addresses California's housing crisis, where the median home price exceeds $800,000, more than double the national average, with only 16% of Californians able to afford median-priced homes. The partnership includes both financial support and PG&E employee volunteer participation, with funding sourced from shareholders rather than customers.

PG&E and the California Fire Foundation (CFF) have announced their 2025 Wildfire Safety and Preparedness Program (WSPP), offering $1.65 million in total funding. The program includes $950,000 in competitive grants for fire departments and community organizations, with applications open from May 30 to June 30, 2025. This shareholder-funded initiative, now in its eighth year, has provided $10.45 million since 2018. In 2024, the program supported the purchase of 7,560 pieces of protective equipment, removal of 21+ acres of hazardous vegetation, and processing of 1.5 million pounds of combustibles. The WSPP focuses on high-risk areas in Northern and Central California, funding fire safety equipment, defensible space creation, and multilingual outreach campaigns in English, Spanish, Chinese, Hmong, and Vietnamese.

PG&E has expanded its Family Electric Rate Assistance (FERA) program to include one- and two-person households, making an estimated 150,000 additional customers eligible for an 18% discount on their electric rates. Previously limited to households of three or more, the program now allows households of 1-2 people making up to $52,875 annually to qualify. This expansion follows Senate Bill 1130 passed in 2024. In 2024, over 39,000 FERA-enrolled customers received discounts totaling more than $21 million, with average monthly savings exceeding $45. The company also offers other assistance programs including CARE (20% discount), REACH (one-time credit up to $300), LIHEAP (up to $1,500 payment), and various energy-saving initiatives.

PG&E (PCG) and Smart Wires have partnered to enhance grid reliability in San Jose through advanced power flow control (APFC) technology. The project will increase capacity by over 100 megawatts at the Los Esteros electric substation, supporting new data centers in the Alviso community. Smart Wires' SmartValve devices will be installed by late 2025, mitigating thermal overloads by up to 34%.

The solution addresses CAISO's projected load increase of 500 MW in the San Jose area due to data center growth. This technology was chosen over alternatives like reconductoring and energy storage for its cost-effectiveness and rapid deployment capabilities. The system will continue to optimize power distribution even after a new transmission line is completed in 2032.

PG&E (PCG) reports a significant surge in data center electricity demand, projecting 8.7 gigawatts (GW) of power needs over the next decade, up from 5.5 GW in late 2024. The utility is currently managing 18 new data center projects totaling 1.4 GW in the final engineering phase, scheduled for operation between 2026-2030. Additionally, 21 new project applications totaling 4.1 GW are under review.

A key benefit for customers: every 1 GW of new data center demand could reduce monthly electric bills by 1-2%. Projects are primarily located in Silicon Valley and the Bay Area, with some in the Central Valley and Sacramento. PG&E is conducting a comprehensive study across its 70,000-square-mile service area and partnering with Westbank on a net-zero community project in San Jose.

PG&E (PCG) is warning customers about safety risks from helium-filled metallic balloons during graduation season. In the first five months of 2025, metallic balloons caused over 130 power outages in PG&E's service area, affecting more than 54,000 customers. These incidents can disrupt critical facilities like hospitals and schools.

The company emphasizes that metallic balloons' silvery coating conducts electricity, potentially causing transformer shorts, power outages, and melted electrical wires when contacting power lines. A previous incident during a North Coast homecoming parade resulted in 2,700 customers losing power when balloons hit power lines.

PG&E urges customers to secure metallic balloons with weights, keep them indoors when possible, and never attempt to retrieve balloons caught in power lines.

PG&E Corporation (NYSE: PCG) has announced the election of John O. Larsen to the Boards of Directors of both PG&E Corporation and Pacific Gas and Electric Company. Larsen brings 36 years of utility industry experience from Alliant Energy Corporation, where he served in various leadership roles including CEO. During his tenure at Alliant, he led the company's Clean Energy Blueprint initiative and managed services for 1.5 million customers across Iowa and Wisconsin. Larsen will serve on the boards' Safety and Nuclear Oversight, and People and Compensation committees. His appointment was confirmed at the companies' Annual Meetings of Shareholders on May 22, 2025. The new board member holds a BS in Electrical Engineering and has served on several industry boards including Edison Electric Institute and Electric Power Research Institute.

PG&E Corporation (NYSE: PCG) has announced its second quarter 2025 dividend payments for both common and preferred stockholders. The company will distribute a regular cash dividend of $0.025 per share on its common stock, payable on July 15, 2025, to shareholders of record as of June 30, 2025. Additionally, its utility subsidiary Pacific Gas and Electric Company declared preferred stock dividends for eight different series, ranging from $0.27250 to $0.37500 per share, to be paid on August 15, 2025, to shareholders of record as of July 31, 2025.

The PG&E Corporation Foundation has launched its Better Together Nature Positive Innovation Grant program, offering $500,000 in environmental stewardship grants. The program will award five $100,000 regional grants across PG&E's service areas for projects focused on air quality, land, and water stewardship. Eligible applicants include government organizations, educational institutions, and nonprofits, with a submission deadline of July 18, 2025. The grants, funded by PG&E shareholders, prioritize projects serving disadvantaged communities and aim to address climate challenges through local collaboration. Previous recipients include Kitchen Table Advisors, supporting regenerative farmers, and El Dorado Fire Safe Council, helping vulnerable populations with wildfire resilience.