PG&E Corporation - PCG STOCK NEWS

PG&E's 2024 Innovation Summit, presented in collaboration with DISTRIBUTECH® on November 13 in San Jose, will showcase novel climate-tech solutions and technologies. The event features demonstrations of AI for nuclear power generation, carbon-sequestering biochar, long-duration energy storage, EV charging management, real-time fault detection sensors, and advanced drones for system inspections.

The summit's speaker lineup includes leaders from Eaton, GE Vernova, and NVIDIA. The technology showcase will feature demonstrations by PG&E and peer utilities, highlighting innovations in utility undergrounding, wildfire prevention, energy storage, and grid management. Companies like Blue Grit Robotics, BurnBot, Earth Foundries, Form Energy, Gridware, and IND Technology will present their cutting-edge solutions.

PG&E aims to address emerging challenges across its operations and transform the energy system to benefit California's future. The summit offers both in-person and virtual attendance options.

Pacific Gas and Electric Company (PG&E) is monitoring a potential wind event that may require a Public Safety Power Shutoff (PSPS) for approximately 20,000 customers across 24 counties starting October 17, 2024. The scope has been reduced from earlier estimates due to favorable weather conditions. The PSPS could affect portions of counties including Alameda, Butte, Colusa, Contra Costa, Fresno, Glenn, Lake, Madera, Mariposa, Mendocino, Merced, Monterey, Napa, Plumas, San Benito, Santa Barbara, Santa Clara, Santa Cruz, Shasta, Solano, Sonoma, Stanislaus, Tehama, and Yolo.

PG&E has removed nine counties and over 10,000 customers from the scope due to substantial wetting rainfall. The company will open Community Resource Centers in impacted areas to provide support. Customers are encouraged to prepare for potential outages and can find more information on PG&E's emergency website, which is now available in 16 languages.

Pacific Gas and Electric Company (PG&E) is monitoring a potential wind event forecasted to affect parts of their service area from Thursday noon to Saturday midday. Due to strong winds and dry conditions, PG&E may need to implement a Public Safety Power Shutoff (PSPS) affecting approximately 28,000 customers across several counties in California, including areas in the North Bay, East Bay, Central Coast, and Sierra Nevadas.

PG&E has begun sending advanced notifications to customers in targeted areas. The company's Emergency Operations Center is open, and meteorologists are closely monitoring the situation. Customers can check if their location is being monitored for potential safety shutoff at www.pge.com/pspsupdates. PG&E initiates PSPS when severe fire-weather conditions pose a danger to people's safety, lives, homes, and businesses.

PG&E (NYSE: PCG) announced that Kerry Cooper will succeed Robert Flexon as Chair of the Board of Directors, effective October 31, 2024. Flexon, who has been on PG&E boards since 2020, is leaving to take a CEO role at another utility company. Cooper, a board member since 2020, brings extensive experience in customer-oriented leadership roles, including CEO at Choose Energy and executive positions at Rothy's, Walmart, and Levi Strauss.

Cooper holds a BS in mechanical engineering from the University of Texas at Austin and an MBA from Harvard University. She is a Northern California resident and PG&E customer. CEO Patti Poppe expressed gratitude for Flexon's contributions and confidence in Cooper's ability to lead the company towards improved customer outcomes and trust.

UGI (NYSE: UGI) has announced the appointment of Robert C. Flexon as President and Chief Executive Officer, effective November 1, 2024. Flexon will replace Mario Longhi, who has been serving as Interim President and CEO since December 2023. Longhi will resume his role as an independent director and non-executive chair of UGI's Board of Directors.

Flexon, 66, brings extensive leadership and industry experience to UGI. He previously served as UGI's Chief Financial Officer from February to July 2011. His career includes roles as CEO of Dynegy Inc., Foster Wheeler AG, and interim CEO of Capstone Green Energy Holdings, Inc. Flexon will step down from his current position as Chair of PG&E 's Board of Directors to assume his new role at UGI.

PG&E and The PG&E Foundation have awarded $900,000 in grants to support climate resilience efforts and environmental stewardship in California. The funding is distributed through two programs:

1. Better Together Nature Positive Innovation: $500,000 awarded to five organizations ($100,000 each) for projects preserving biodiversity and focusing on land, air quality, and water stewardship.

2. Resilience Hubs: $400,000 awarded to seven organizations to support communities in building a network of local climate resilience hubs. This includes three $100,000 grants and four $25,000 grants.

Both programs prioritize projects addressing the needs of disadvantaged and vulnerable communities. The grants aim to increase climate resilience, support equity, and protect natural resources across PG&E's service area.

Pacific Gas and Electric Company (PG&E) is sending an Incident Management Team and over 400 electric workers and support personnel to Georgia to assist in power restoration efforts following Hurricane Helene. The crews will leave Friday from Sacramento International Airport, joining Georgia Power utility workers and others from across North America. More than 300 PG&E trucks will be transported to Georgia as part of this mutual-aid effort.

Hurricane Helene, a Category 4 storm, has caused extensive damage, with over 900,000 customers still without power in Georgia, North and South Carolina as of noon today. The storm has resulted in more than 190 deaths, making it the second deadliest hurricane to hit the continental United States in 50 years.

This mobilization is part of a nationwide effort, with nearly 50,000 electric workers from at least 40 states and Canada dedicated to the Hurricane Helene response and power restoration, according to the Edison Electric Institute.

Ameresco, Republic Services, and PG&E have inaugurated California's largest landfill gas to renewable natural gas (RNG) plant at the Keller Canyon Landfill in Pittsburg, CA. This first-of-its-kind 11.7Mwe energy asset in the U.S. is powered by a co-located LFG-to-Electric Plant and is designed to reduce 62,000 metric tons of carbon emissions annually.

The plant can process 4,500 standard cubic feet per minute of landfill gas and is expected to deliver approximately 1 billion cubic feet of RNG annually into PG&E's gas pipeline system. This project supports California's goal of achieving 60% renewable energy by 2030 and carbon neutrality by 2045, while also advancing Republic Services' commitment to beneficially reuse 50% more of their biogas by 2030.

The Keller Canyon plant created over 80 construction jobs and is expected to sustain more than 25 operational jobs. It began commercial operations in July 2024 and is now fully operational.

The PG&E Foundation and California Fire Foundation (CFF) have awarded $750,000 in wildfire safety grants to 55 local fire departments, fire agencies, and community groups in Northern and Central California. This marks the seventh consecutive year of their collaboration to enhance disaster preparedness and response programs. The grants, announced during National Preparedness Month, will fund various initiatives including:

• Purchase of personal protective and specialized equipment for firefighters
• Defensible space and vegetation management work
• Fuel and hazard reduction
• Fire safety public education and outreach

Since 2018, 368 fire departments and agencies have received $4.5 million in direct funding through this program. The PG&E Foundation and PG&E are supporting CFF's 2024 Wildfire Safety and Preparedness Program with $1.4 million in charitable funding.