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.
PG&E emphasizes safety precautions for the Fourth of July amid high temperatures and drought conditions. The utility advises customers to adhere to local fireworks regulations to prevent fires and electric hazards. Key safety tips include attending professional fireworks shows, avoiding illegal fireworks, and being cautious around power lines. Additionally, the company urges people to stay hydrated, recognize heat stroke symptoms, and ensure swimming safety. Customers are encouraged to update their contact information online to receive important alerts.
Pacific Gas and Electric Company (NYSE:PCG) has initiated the installation of up to 130 electric vehicle (EV) charging ports across 22 schools in Northern and Central California. The pilot program, named EV Charge Schools, aims to address charging gaps and support California’s clean transportation goals. As part of the initiative, PG&E will install level 2 charging stations funded by the company, with a significant portion of chargers in disadvantaged communities. An educational curriculum on EVs and sustainability will also be developed for K-12 teachers.
Pacific Gas and Electric Company (NYSE:PCG) continues its initiative to enhance community safety with the second episode of "7 Saturdays to a More Fire-Resistant Home." Hosted by Alicia Mason and fire safety expert David Hawks, the program educates customers on preparing for fire season. Key topics include tracking home hardening projects and creating emergency plans that include pets. This episode is available on the Safety Action Center, a resource aimed at helping families prepare for emergencies. A third episode will be released in July.
Southern California Edison and Pacific Gas and Electric Company, in collaboration with the 211 California Network, are enhancing emergency preparedness for customers facing Public Safety Power Shutoffs (PSPS) amid California's fire season. The joint effort focuses on supporting individuals with Access and Functional Needs, offering resources such as transportation, backup power, and meal delivery. Customers can access these services by calling 211 or texting 'PSPS'. The initiative aims to mitigate the impact of planned outages, ensuring critical assistance is available during emergencies.
PG&E and Southern California Edison are enhancing support for customers as California braces for increased wildfire risks. In partnership with the 211 California Network, they are offering a free service to assist individuals with Access and Functional Needs during potential Public Safety Power Shutoffs (PSPS). This initiative enables connections to community organizations for essential services such as transportation, meal delivery, and backup power. Customers can access assistance by calling 211 or texting 'PSPS' to 211-211, available 24/7, in response to ongoing drought conditions and wildfire threats.
PG&E Corporation (NYSE: PCG) has scheduled its second quarter 2022 earnings call for July 28, 2022, at 11:00 a.m. Eastern Time. The public can access the call via a webcast, with links available on the PG&E Corporation website. A toll-free replay will be accessible until August 5, 2022, using confirmation code 64421. PG&E serves approximately 16 million customers across Northern and Central California, covering a 70,000-square-mile service area.
Pacific Gas and Electric Company (PCG) is alerting customers to the rising threat of scams, reporting over 7,200 scam incidents in 2022 alone. This figure is set to surpass the previous year's total of 11,000 reports, with customers losing more than $600,000 in 2021. PG&E emphasizes the importance of recognizing scam tactics, such as demands for immediate payment and requests for prepaid cards. Customers are urged to protect themselves by verifying account details through official channels and staying vigilant against impersonators. For more information, visit pge.com.
Pacific Gas and Electric Company (NYSE: PCG) announced its preferred stock dividend for Q3 2022. Shareholders of record as of July 29, 2022, will receive payments on August 15, 2022. The dividends are set at $0.31250 per share for 5.00% Series A, among others. Non-redeemable shares will see a dividend of $0.37500 for the 6.00% series. The company serves over 16 million customers across California, underlining its commitment to providing reliable utility services.
Pacific Gas and Electric Company (PG&E) is introducing initiatives to help customers manage their energy costs during the summer. As energy use typically spikes due to air conditioning, PG&E offers strategies including raising thermostat settings, installing smart thermostats, and checking air filters regularly. Customers can receive a smart thermostat at no cost by joining the SmartAC Program. Additional savings can be achieved through various income-qualified programs. For more tips on saving energy, visit PG&E's summer website.
FAQ
What is the current stock price of PG&E Corporation (PCG)?
What is the market cap of PG&E Corporation (PCG)?
What services does PG&E Corporation provide?
How many customers does PG&E serve?
What are some recent achievements of PG&E?
How did PG&E perform financially in the first quarter of 2024?
What is PG&E Corporation’s approach to community support?
How does PG&E support environmental sustainability?
What infrastructure does PG&E operate?
What energy sources does PG&E use for electricity generation?
How is PG&E addressing utility scams?
Where can I find more information about PG&E?
