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.
Pacific Gas and Electric Company (NYSE:PCG) announced that over 5 million electric customers will receive a $39.30 California Climate Credit on their October bills, up from last year's $17. This credit is part of California's climate change initiative and aims to reduce customer energy bills. For the first time, eligible small business customers will also receive this credit. By year-end, total credits will exceed $126. PG&E continues to support customers with various programs to help save energy costs.
PG&E Corporation (NYSE: PCG) has announced a conference call on October 27, 2022, at 11:00 a.m. Eastern Time to discuss its third quarter 2022 results. The call will be accessible via a public webcast available on the PG&E Corporation website. The company, headquartered in Oakland, provides energy services to 16 million customers across a 70,000-square-mile area in California. A toll-free replay will be available until November 3, 2022. For additional information, stakeholders can contact Investor Relations.
PG&E emphasizes the importance of emergency preparedness as part of September's National Preparedness Month. With disasters unpredictable, the company urges families to develop emergency plans. Vice President Angie Gibson highlights their commitment to community safety and preparedness, asserting that preparation can significantly impact response time during emergencies. PG&E offers resources through its Safety Action Center and recommends families familiarize themselves with local emergency services. Key preparedness tips include maintaining drinking water and non-perishable food supplies.
Pacific Gas and Electric Company (NYSE:PCG) is expanding its online wildfire safety resources amid rising wildfire risks in California. The new Wildfire Safety Videos hub will centralize customer support and safety initiatives. The initiative aims to improve customer preparedness and community safety through enhanced informational resources.
Pacific Gas and Electric Company (PCG) is offering flexible payment arrangements to assist customers facing higher energy bills due to a severe heat wave this summer. The recent heat wave caused energy usage to rise nearly 30% compared to last year. Customers have two payment options: spreading the balance over up to 12 months or delaying full payment.
Additionally, PG&E encourages customers to choose suitable rate plans and participate in various assistance programs to help manage costs during these challenging times.
Pacific Gas and Electric Company has declared a regular preferred stock dividend of $0.31250 per share for the 5.00% Series A for the period ending October 31, 2022. This dividend will be payable on November 15, 2022, to shareholders on record as of October 31, 2022. The company will also pay dividends on various other series of preferred stock, including rates ranging from 4.36% to 6.00% per share. Common stock dividends have not been reinstated.
Pacific Gas and Electric Company (NYSE:PCG) has announced $250,000 in scholarships for 40 students under its 2022 Better Together STEM Scholarship Program. The PG&E Corporation Foundation oversees the funding, offering 20 scholarships of $10,000 each and 20 scholarships of $2,500 each, aimed at supporting STEM education. Since 2012, the program has awarded over $6.7 million to students pursuing degrees in science, technology, engineering, and math. The scholarships are based on academic performance, community involvement, and financial need.
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