PG&E Us Stock Price, News & Analysis

Pacific Gas and Electric (PG&E) announced on February 9, 2023, that rising natural gas prices are expected to increase energy bills for customers. The company emphasized that it does not control these market prices and does not mark them up. To assist customers facing higher bills, PG&E highlighted the recent approval by the California Public Utilities Commission to distribute the California Climate Credit earlier, providing a total relief of $91.17 for qualifying customers. PG&E also offered tools and programs, including Budget Billing and the California Alternate Rates for Energy Program, to help manage costs during the winter season.

Pacific Gas and Electric Company (PCG) announces that the California Public Utilities Commission (CPUC) has approved the early distribution of the California Climate Credit. Residential customers will automatically receive credits of $52.78 for natural gas and $38.39 for electricity, totaling $91.17 for those utilizing both services. This initiative aims to ease the financial burden from increased energy costs, particularly due to rising natural gas prices and higher demand in California. The credits are part of California's broader efforts to combat climate change, with customers receiving these adjustments directly on their bills.

Pacific Gas and Electric Company (NYSE:PCG) announced the launch of its new Pre-Owned Electric Vehicle (EV) Rebate Program on February 1, 2023, aimed at making electric vehicle ownership more affordable. The program will distribute more than $78 million in rebates, providing up to $4,000 for qualified residential customers purchasing or leasing pre-owned EVs. The initiative targets customers based on household income and has no impact on customer rates. Funded through the California Air Resources Board's Low Carbon Fuel Standard, this program aligns with PG&E's goals to enhance EV infrastructure and sustainability.

Pacific Gas and Electric Company (NYSE: PCG) reports a significant increase in energy bills for customers this winter, largely attributed to rising natural gas prices and unusually cold temperatures. From November to March, PG&E anticipates residential bills to rise by 32% compared to last winter. California's gas prices have been five times higher than national benchmarks, driven by increased demand and low supply. In response, PG&E supports the California Public Utilities Commission's initiative to issue the annual Climate Credit early to provide relief. The company is also implementing strategies to mitigate costs for customers and ensure long-term price stability.

PG&E Corporation (NYSE: PCG) is set to hold its fourth quarter and full year 2022 earnings call on February 23, 2023, at 11:00 a.m. Eastern Time. The public can access the call via a live webcast, with a replay available until March 2, 2023. The company's operational overview emphasizes its role as a key energy provider, serving around 16 million Californians across a vast area in Northern and Central California. For further details, stakeholders can visit the PG&E Corporation website.

Pacific Gas and Electric (PG&E) has restored power to over 2 million customers since December 30 due to severe weather conditions affecting Northern and Central California. As of January 10, approximately 108,000 customers remain without power, particularly in the South Bay and Central Coast regions. This represents the largest winter storm response in PG&E's history, with over 6,500 personnel working to address outages. PG&E continues to provide updates on restoration efforts and safety tips for customers during this challenging weather event.

Pacific Gas and Electric Company (PCG) is undertaking its largest storm response effort ever to address the recent winter storms impacting Northern and Central California. Over 5,000 personnel are mobilized, restoring power to 1.6 million customers since New Year's weekend, with 80,000 remaining without service as of January 9, 2023. PG&E is offering various customer support measures, including nearly 3,500 go bags and 20 megawatts of temporary generation, while continuing to assess conditions amid ongoing storms.

Pacific Gas and Electric Company (PCG) is actively restoring power across Northern and Central California following significant winter storms. Over 406,000 customers have had power restored within 24 hours despite approximately 95,500 customers still facing outages. Hazards like fallen trees and debris are complicating repair efforts. PG&E has mobilized over 3,000 personnel, including aid from other states. The company emphasizes safety, urging customers to stay informed via their outage center and to use caution during power outages.

Energy Vault Holdings (NYSE: NRGV) and Pacific Gas and Electric Company (NYSE: PCG) announced a partnership to deploy a utility-scale hybrid energy storage system in Calistoga, California. The system, designed to provide 293 MWh of carbon-free energy, will support up to 2,000 electric customers during planned outages. The construction is set to begin in Q4 2023, with operations expected by Q2 2024. This innovative technology aims to replace traditional diesel generators, enhancing grid reliability and contributing to decarbonization goals.