PG&E Corporation - PCG STOCK NEWS

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.

PG&E is on alert for potential rotating power outages as California faces extreme heat, impacting electricity demand on the grid. Customers are urged to conserve power until 9 p.m. today, as the California Independent System Operator monitors the situation. As of 2:30 p.m., no outages are mandated, but PG&E has notified over 525,000 customers to prepare. The company has activated its Emergency Operations Center to address heat-related challenges and is deploying resources to restore power quickly if needed.

The California Independent System Operator is closely monitoring electricity demand due to high temperatures in California. Pacific Gas and Electric (PG&E) has been directed to prepare for potential rotating power outages if demand exceeds supply. To avert outages, PG&E is urging customers to conserve energy until 9 p.m. today. Approximately 525,277 customers have been notified about possible outages. PG&E has activated its Emergency Operations Center and is mobilizing resources to tackle heat-related outages, which may occur if equipment fails under stress from prolonged high temperatures.

Pacific Gas and Electric Company (NYSE:PCG) is bracing for potential heat-related power outages as California faces record-high temperatures. With a Flex Alert issued for September 6, the state’s electricity demand may peak at 50,087 MW, nearing the 2006 record of 50,270 MW. PG&E is mobilizing resources to handle outages and promotes customer participation in energy-saving programs like the Power Saver Rewards Program, rewarding customers $2 per kWh saved. The company urges residents to conserve energy, particularly from 4 p.m. to 9 p.m., to alleviate pressure on the grid.

Pacific Gas and Electric Company (PG&E) is preparing for potential power outages as a major heatwave affects California, prompting the California Independent System Operator (CAISO) to issue a Flex Alert from 4 p.m. to 9 p.m. on multiple days. The expected peak electricity demand is forecasted at 50,087 megawatts, nearing a 2006 record. PG&E has mobilized crews and launched energy-saving programs like the Power Saver Rewards Program, rewarding customers for reducing energy use during peak times. Customers are encouraged to prepare for outages and conserve energy.

Pacific Gas and Electric Company (PG&E) is asking customers to conserve energy today from 4 p.m. to 9 p.m. as temperatures rise 10-20 degrees above normal, increasing electricity demand. The California Independent System Operator (CAISO) has issued a Flex Alert to maintain grid reliability. Customers can participate in energy-saving actions, including adjusting thermostats and avoiding major appliance use during the alert. PG&E offers rewards for conservation through its Power Saver Rewards Program, compensating $2 per kWh saved. The company monitors conditions but does not anticipate a Public Safety Power Shutoff.

California Governor Gavin Newsom signed Senate Bill 846, allowing Diablo Canyon Power Plant (DCPP) to extend operations five years beyond its 2025 license expiration. This extension aims to enhance energy reliability and decrease greenhouse gas emissions as new renewable resources come online. PG&E will seek necessary NRC approvals and a state-authorized loan of up to $1.4 billion to support the operation. Currently, DCPP generates 2,200 megawatts, providing about 17% of California's zero-carbon electricity supply.

The California Independent System Operator (CAISO) has issued a third consecutive Flex Alert for energy conservation today from 4 p.m. to 9 p.m. due to rising temperatures and increased energy demand. Customers are encouraged to pre-cool spaces and avoid using major appliances. PG&E's Power Saver Rewards Program will reward participants with $2 for each kilowatt-hour saved during this period. Over 1.5 million PG&E customers are enrolled in energy-saving programs, which include collaboration with Tesla for a virtual power plant initiative.