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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.
PG&E Corporation Foundation has donated
Pacific Gas and Electric Company has completed its second green bond issuance worth
Pacific Gas and Electric Company (PG&E) is preparing for severe weather in Northern and Central California this week, which could lead to potential power outages. Meteorologists forecast a significant weather system bringing rain, mountain snow, and wind gusts up to 45 mph. PG&E is stockpiling essential equipment and may activate local emergency centers for efficient resource allocation. They urge customers to create emergency plans as the storm could cause trees and debris to disrupt power lines. The company leverages a Storm Outage Prediction Model to enhance its response capabilities.
Pacific Gas and Electric Company (PCG) emphasizes energy efficiency during the holiday season. With increased energy demand due to cold weather and holiday lights, the company offers customers practical tips to save money and energy. Key suggestions include lowering thermostats, upgrading to LED lighting, insulating water heaters, sealing drafts, and using microwaves for reheating. These measures aim to foster lifelong energy-saving habits among customers. The company also invites customers to take its Home Energy Checkup for personalized insights on energy usage.
Pacific Gas and Electric Company has appointed David McCulloch as the new Vice President and Chief Marketing and Communications Officer, effective immediately. McCulloch brings 20 years of experience in corporate communications and marketing, previously working at companies including Hitachi and General Electric. His role will focus on enhancing communication with PG&E's 16 million customers in California, emphasizing the company's safety progress, energy efficiency programs, and climate goals.
The holiday season increases energy use, prompting Pacific Gas and Electric Company (PG&E) to provide tips for saving energy this Thanksgiving. Customers can save up to 15% on bills by lowering thermostats to 68 degrees and using ceiling fans to circulate warm air. Additional recommendations include reducing water heater temperatures, covering windows, and using dimmer switches. PG&E offers personalized energy-saving assessments through their Home Energy Checkup and assistance programs like Budget Billing for cost management. These measures can help customers manage rising energy costs during the winter months.
Pacific Gas and Electric Company (PG&E) is joining Utilities United Against Scams to raise awareness about the increasing number of scams targeting utility customers. In 2022, PG&E received over 23,000 reports of scams, leading to nearly $1.3 million lost by customers. The company advises customers on how to identify potential scams, such as threats of immediate disconnection and requests for pre-paid card payments. PG&E emphasizes that it will never request sensitive information over the phone and encourages vigilance, especially during the holiday season.
Pacific Gas and Electric Company (NYSE:PCG) is actively addressing power outages caused by an ongoing storm system. Since Monday morning, they have successfully restored power to over 60,000 customers, with 96 percent restored in six hours or less. The company had preemptively activated its Emergency Operations Center and deployed more than 250 power restoration crews. Customers are encouraged to stay informed about outages via the company's website and sign up for outage notifications.
PG&E is prepared for potential storm-related outages across California as rain and snow approach. The company activated its Emergency Operations Center on November 6 and has positioned crews and equipment for rapid response. Vegetation management teams are working to prevent powerline interference. Adverse weather conditions are expected to peak, with warnings for hazardous conditions and thunderstorms. PG&E advises customers to prepare for outages with safety tips and resources available on its website.
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