PG&E Us - PCG STOCK NEWS

On February 10, 2023, PG&E Corporation (NYSE: PCG) announced that Sumeet Singh will take on the role of Executive Vice President, Operations, and Chief Operating Officer of Pacific Gas and Electric Company, effective March 1, 2023. Singh, who has over 20 years of experience at PG&E, will succeed Adam Wright. His responsibilities will encompass all Utility operations, including Gas, Electric, and Generation, with a focus on safety and operational excellence. Singh's previous role involved overseeing risk management, including PG&E's Wildfire Mitigation Strategy, which achieved a notable 99% reduction in acres affected by Utility equipment-related fires in 2022.

Pacific Gas and Electric Company (PCG) warns customers of increased outages due to metallic balloons around Valentine’s Day. In 2022, there were 415 outages disrupting power to over 210,000 customers. The company suggests keeping metallic balloons tied to weights to prevent them from floating away and causing accidents. Additionally, a new California law will ban sales of non-compliant metallic balloons starting January 1, 2027. PG&E encourages safety measures, such as avoiding overhead power lines and reporting any tangled balloons to the utility. For more details, visit PG&E's website.

Pacific Gas and Electric (PG&E) announced on February 9, 2023, that rising natural gas prices are expected to increase energy bills for customers. The company emphasized that it does not control these market prices and does not mark them up. To assist customers facing higher bills, PG&E highlighted the recent approval by the California Public Utilities Commission to distribute the California Climate Credit earlier, providing a total relief of $91.17 for qualifying customers. PG&E also offered tools and programs, including Budget Billing and the California Alternate Rates for Energy Program, to help manage costs during the winter season.

Pacific Gas and Electric Company (PCG) announces that the California Public Utilities Commission (CPUC) has approved the early distribution of the California Climate Credit. Residential customers will automatically receive credits of $52.78 for natural gas and $38.39 for electricity, totaling $91.17 for those utilizing both services. This initiative aims to ease the financial burden from increased energy costs, particularly due to rising natural gas prices and higher demand in California. The credits are part of California's broader efforts to combat climate change, with customers receiving these adjustments directly on their bills.

Pacific Gas and Electric Company (NYSE:PCG) announced the launch of its new Pre-Owned Electric Vehicle (EV) Rebate Program on February 1, 2023, aimed at making electric vehicle ownership more affordable. The program will distribute more than $78 million in rebates, providing up to $4,000 for qualified residential customers purchasing or leasing pre-owned EVs. The initiative targets customers based on household income and has no impact on customer rates. Funded through the California Air Resources Board's Low Carbon Fuel Standard, this program aligns with PG&E's goals to enhance EV infrastructure and sustainability.

Pacific Gas and Electric Company (NYSE: PCG) reports a significant increase in energy bills for customers this winter, largely attributed to rising natural gas prices and unusually cold temperatures. From November to March, PG&E anticipates residential bills to rise by 32% compared to last winter. California's gas prices have been five times higher than national benchmarks, driven by increased demand and low supply. In response, PG&E supports the California Public Utilities Commission's initiative to issue the annual Climate Credit early to provide relief. The company is also implementing strategies to mitigate costs for customers and ensure long-term price stability.

PG&E Corporation (NYSE: PCG) is set to hold its fourth quarter and full year 2022 earnings call on February 23, 2023, at 11:00 a.m. Eastern Time. The public can access the call via a live webcast, with a replay available until March 2, 2023. The company's operational overview emphasizes its role as a key energy provider, serving around 16 million Californians across a vast area in Northern and Central California. For further details, stakeholders can visit the PG&E Corporation website.

Pacific Gas and Electric (PG&E) has restored power to over 2 million customers since December 30 due to severe weather conditions affecting Northern and Central California. As of January 10, approximately 108,000 customers remain without power, particularly in the South Bay and Central Coast regions. This represents the largest winter storm response in PG&E's history, with over 6,500 personnel working to address outages. PG&E continues to provide updates on restoration efforts and safety tips for customers during this challenging weather event.

Pacific Gas and Electric Company (PCG) is undertaking its largest storm response effort ever to address the recent winter storms impacting Northern and Central California. Over 5,000 personnel are mobilized, restoring power to 1.6 million customers since New Year's weekend, with 80,000 remaining without service as of January 9, 2023. PG&E is offering various customer support measures, including nearly 3,500 go bags and 20 megawatts of temporary generation, while continuing to assess conditions amid ongoing storms.