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PG&E Corporation - PCG STOCK NEWS

Welcome to our dedicated page for PG&E Corporation news (Ticker: PCG), a resource for investors and traders seeking the latest updates and insights on PG&E Corporation stock.

PG&E Corporation (NYSE: PCG) is a major utility holding company based in Oakland, California. Through its principal subsidiary, Pacific Gas and Electric Company, PG&E provides natural gas and electric service to approximately 16 million people across a 70,000 square mile territory in Northern and Central California.

Pacific Gas and Electric Company delivers electricity to 5.3 million customers and natural gas to 4.6 million customers. Its extensive infrastructure includes about 18,000 circuit miles of interconnected transmission lines, 107,000 circuit miles of distribution lines, and 43,300 miles of natural gas distribution pipelines. The company’s energy generation portfolio is diverse, encompassing nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources.

In terms of recent achievements, PG&E has made significant strides in environmental initiatives. In 2024, it completed its Land Conservation Commitment, permanently protecting approximately 140,000 acres of watershed lands. PG&E has also launched several wildfire risk reduction projects and implemented its first 100% renewable remote electric grid at Pepperwood Preserve, demonstrating its commitment to sustainability and innovation.

Financially, PG&E has shown robust performance. For the first quarter of 2024, the company reported income available for common shareholders of $732 million or $0.34 per share. This increase is attributed to customer capital investments and non-fuel operating and maintenance savings. PG&E Corporation’s non-GAAP core earnings for the same period were $800 million or $0.37 per share.

PG&E is actively engaged in community support through charitable giving. In 2023, the company, along with The PG&E Corporation Foundation, provided $25.6 million in charitable contributions. This support benefitted nearly 5,000 nonprofits and schools, emphasizing the company's commitment to the communities it serves.

PG&E also faces challenges related to customer safety and utility scams. In 2023, the company received nearly 43,000 reports of scam attempts targeting its customers. PG&E works diligently to educate its customers on how to recognize and avoid such scams.

Overall, PG&E Corporation represents a critical utility provider in California, deeply intertwined with the state’s energy infrastructure, community welfare, and environmental stewardship. For more information, visit PG&E Corporation and Pacific Gas and Electric Company.

News

We Gave a Real Family 10 Minutes to Pack and Evacuate Ahead of a Simulated Emergency. Here's What They Learned

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National Preparedness Month serves as a reminder to prepare for disasters. PG&E promotes readiness with a simulated wildfire evacuation drill.
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Innovating Together: 54 Organizations Invited to Participate in PG&E's Innovation Pitch Fest September 12-14

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PG&E announces Innovation Pitch Fest to address challenges in building a decarbonized energy future.
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PG&E Helps Small Businesses Save Money with PG&E's Energy Advisors

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PG&E's recent outreach campaign saves businesses $4.5 million by changing rate plans
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PG&E & Uplight Reach 100,000-Participant Milestone in Smart Thermostat Demand Response Program

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PG&E and Uplight's SmartAC™ Smart Thermostat program surpasses 100,000 enrollments, becoming one of the largest residential customer demand response programs in the country. Device enrollments have tripled from last year, with load shift per device increasing by 60% on average. The program achieved an estimated 40 MW of load shift, equivalent to half the capacity of a typical 80 MW peaker plant. This program helps stabilize the grid during high demand periods, improving grid reliability for PG&E customers.
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KEEPING CUSTOMERS SAFE: With Utility Scams on the Rise, PG&E Offers Tips on How to Avoid Deceptive Scammers

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PG&E Reports Surge in Scam Attempts and Emphasizes Vigilance in Customer Awareness
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Create 100 Feet of Defensible Space to Protect Your Home and Family from Wildfire Risk

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Pacific Gas and Electric Company (PG&E) offers the Safety Action Center as an online resource for customers to stay prepared during natural disasters and emergencies. The center provides information on creating defensible space around properties for increased safety. PG&E Senior Public Safety Specialist David Hawks shares tips on yard work and maintaining clearance between plants. Additional resources are available from Cal Fire and the U.S. Forest Service.
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The PG&E Corporation Foundation Helps Combat Food Insecurity in Northern and Central California with Contributions to Local Meal Distribution Organizations

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The PG&E Foundation is providing $775,000 in funding to local food banks, Meals on Wheels programs, and tribal organizations in order to help feed individuals and families struggling with food insecurity. This contribution is equivalent to approximately 3.87 million meals. The funding will support 48 food distribution organizations serving 47 counties in PG&E's service area. The announcement coincides with National Food Bank Day, which aims to raise awareness about hunger in communities.
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PG&E Kicks-Off National Preparedness Month with Important Reminders Focused on Wildfire Safety

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PG&E reminds customers to be prepared for the unexpected during National Preparedness Month.
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60 Local Students Across Northern and Central California to Receive Annual PG&E Better Together STEM Scholarships

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The PG&E Corporation Foundation announced that 60 students from PG&E's service area in California will receive scholarships totaling $350,000 from the Better Together STEM Scholarship Program. This year's scholarships represent a $100,000 increase from 2022, with 20 scholarships of $10,000, 20 scholarships of $5,000, and 20 scholarships of $2,500. The scholarships are awarded to students pursuing degrees in STEM disciplines.
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PG&E Offers Customers Ways to Save Energy and Money During Summer Heat

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PG&E encourages customers to prepare for hotter temperatures and offers ways to reduce energy usage and bills. The California ISO anticipates high temperatures and increased electricity demand. PG&E offers AC energy-saving tips and energy incentive programs to help customers lower energy costs. Customers can benefit from personalized rate comparison, budget billing, bill forecast alerts, and more.
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FAQ

What is the current stock price of PG&E Corporation (PCG)?

The current stock price of PG&E Corporation (PCG) is $21.04 as of November 15, 2024.

What is the market cap of PG&E Corporation (PCG)?

The market cap of PG&E Corporation (PCG) is approximately 55.0B.

What services does PG&E Corporation provide?

PG&E Corporation, through its subsidiary Pacific Gas and Electric Company, provides natural gas and electric services to customers in Northern and Central California.

How many customers does PG&E serve?

PG&E serves approximately 5.3 million electricity customers and 4.6 million gas customers in Northern and Central California.

What are some recent achievements of PG&E?

Recent achievements include the completion of the Land Conservation Commitment, the implementation of wildfire risk reduction projects, and the deployment of a 100% renewable remote electric grid at Pepperwood Preserve.

How did PG&E perform financially in the first quarter of 2024?

PG&E reported first-quarter 2024 income available for common shareholders of $732 million or $0.34 per share, with non-GAAP core earnings of $800 million or $0.37 per share.

What is PG&E Corporation’s approach to community support?

PG&E Corporation supports communities through significant charitable contributions, providing $25.6 million in 2023 to nearly 5,000 nonprofits and schools.

How does PG&E support environmental sustainability?

PG&E supports environmental sustainability through initiatives like the Land Conservation Commitment, wildfire risk reduction projects, and the deployment of renewable energy technologies.

What infrastructure does PG&E operate?

PG&E operates 18,000 miles of transmission lines, 107,000 miles of distribution lines, and 43,300 miles of natural gas distribution pipelines.

What energy sources does PG&E use for electricity generation?

PG&E uses a mix of energy sources, including nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources, for electricity generation.

How is PG&E addressing utility scams?

PG&E actively educates customers on recognizing and avoiding utility scams and collaborates with the Federal Trade Commission to enhance consumer protection.

Where can I find more information about PG&E?

For more information, visit PG&E Corporation’s website at www.pgecorp.com and Pacific Gas and Electric Company’s website at www.pge.com.

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PG&E Corporation

NYSE:PCG

PCG Rankings

#254 Ranked by Market Cap
#2111 Ranked by Dividends

PCG Stock Data

54.96B
2.14B
2.73%
77.17%
1.32%
Utilities - Regulated Electric
Electric & Other Services Combined
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United States of America
OAKLAND