Welcome to our dedicated page for PG&E Us news (Ticker: PCG), a resource for investors and traders seeking the latest updates and insights on PG&E Us stock.
Pacific Gas and Electric Company (NYSE: PCG) provides essential energy services to 16 million Californians through one of the largest utility infrastructures in the U.S. This page aggregates official PG&E news, including financial disclosures, operational updates, and safety initiatives critical for understanding the company's trajectory.
Investors and stakeholders will find timely updates on earnings reports, regulatory filings with the CPUC, and progress on wildfire mitigation programs like power line undergrounding. The curated news collection also covers infrastructure investments, renewable energy projects, and technology deployments enhancing grid reliability.
All content is sourced from verified corporate communications and regulatory documents, ensuring accuracy for those monitoring PG&E's financial health or operational developments. Bookmark this page for streamlined access to material events affecting California's energy landscape and PCG's market position.
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.
Pacific Gas and Electric (PCG) announced an impending series of storms expected to bring rain and snow to Northern California, starting this weekend. The National Oceanic and Atmospheric Administration predicts colder and wetter conditions until November 15. In anticipation of potential outages, PG&E has developed a Storm Outage Prediction Model to effectively pre-stage crews. Customers are urged to follow safety guidelines, including avoiding downed wires and using flashlights during outages. PG&E remains committed to ensuring safety and preparedness for its customers during inclement weather.
Pacific Gas and Electric Company (PCG) supports California's new metallic balloon law signed by Governor Newsom. Effective January 1, 2027, only compliant metallic balloons that do not conduct electricity will be sold, aimed at enhancing safety for employees and customers. In 2021, metallic balloons caused over 600 outages, a 27% rise from the previous year. The new law could help reduce wildfire risks, as historically, metallic balloons have led to significant fires and disruptions. PG&E urges the public to follow safety tips regarding metallic balloons.
Pacific Gas and Electric Company (PG&E) is urging customers to schedule free in-home safety inspections for their gas appliances as colder weather approaches. The inspections ensure safe and efficient operation of appliances like water heaters and furnaces, helping to prevent carbon monoxide poisoning. With around 430 deaths and 50,000 hospitalizations from carbon monoxide poisoning annually in the U.S., PG&E emphasizes the importance of these checks. Customers can call 1-800-743-5000 to schedule an inspection and are reminded to install carbon monoxide detectors in their homes.
PG&E Corporation (NYSE: PCG) reported significant recovery in Q3 2022, achieving GAAP earnings of $0.21 per diluted share compared to losses of $(0.55) in Q3 2021. Non-GAAP core earnings increased to $0.29 per diluted share, up from $0.24 year-over-year. For the first nine months, GAAP earnings were $0.60, reversing losses from $(0.29) in the same period of 2021. The company updated its 2022 GAAP guidance to $0.80 to $1.01 per share and initiated 2023 guidance at $0.98 to $1.21. PG&E forecasts no equity needs through 2024, suggesting financial stability going forward.
Pacific Gas and Electric Company (PCG) has received approval for the first national vehicle-to-grid (V2G) export compensation mechanism in California, aimed at incentivizing commercial electric vehicle (EV) adoption. This innovative rate structure allows EVs to export energy to the grid during peak demand, enhancing grid reliability. The settlement with the Vehicle-Grid Integration Council and others was approved on October 20, 2022. With over 420,000 EVs sold in its service area, PG&E is positioned to capitalize on this trend, aligning with California’s decarbonization goals.
Pacific Gas and Electric Company (PG&E) is launching a program on October 24 to provide 1,500 free trees to eligible customers in Northern and Central California. Through the Energy-Saving Trees initiative, customers can reserve one tree delivered directly to their address. The program aims to promote energy conservation, improve air quality, and enhance community well-being. Trees available include Japanese Lilac, Kousa Dogwood, Little Leaf Linden, and Service Berry.
Pacific Gas and Electric Company (NYSE: PCG) has identified energy vampire appliances that unnecessarily consume electricity while turned off, accounting for over 10% of home energy use. These include devices like televisions and modems. To combat this, PG&E recommends using Energy Star certified appliances, utilizing power strips, and unplugging devices when not in use. Additionally, the Home Energy Checkup tool offers tailored energy-saving tips. Visit pge.com for more information.
Pacific Gas and Electric (PG&E) is promoting earthquake safety awareness on International ShakeOut Day, October 20. As California is prone to earthquakes, PG&E urges customers to prepare an emergency plan, ensure their preparedness kit is updated, and have their buildings inspected for safety. The company emphasizes the importance of the 'Drop, Cover and Hold On' technique during seismic events. They provide guidelines on what to do before, during, and after an earthquake, including checking gas and electric lines for safety.
Pacific Gas and Electric (NYSE:PCG) has awarded $250,000 in grants to support local Fire Safe Councils (FSCs) across eight counties in California. These funds will facilitate ten projects aimed at reducing wildfire risks, with completion expected by year-end. Since 2014, PG&E has provided over $17 million to enhance community fire safety. The grants empower local organizations to improve evacuation routes and create fuel breaks, contributing to overall community resilience against increasing wildfire threats.
