PG&E Corporation - PCG STOCK NEWS

Pacific Gas and Electric Company (PG&E) reminds residents to adjust their clocks for Daylight Saving Time on March 13 and emphasizes household safety. Key safety tips include installing and regularly testing carbon monoxide detectors on every floor, ensuring proper function of gas appliances, and making a free call to 811 before any digging projects to prevent utility line damage. PG&E highlights the importance of recognizing gas leak signs and urges quick action if leaks are suspected. This initiative aims to enhance public safety and awareness.

Pacific Gas and Electric Company (PG&E) and General Motors (GM) have announced a collaboration to pilot a technology that allows GM's electric vehicles (EVs) to serve as on-demand power sources for homes within PG&E's service area. This innovative approach utilizes bidirectional charging technology to enhance energy resilience and reliability, particularly in California, which aims to reduce greenhouse gas emissions. The pilot is set to launch with the first vehicle-to-home EV by summer 2022, aiming to improve EV adoption and the overall electric grid system.

PG&E is raising awareness about utility scams during National Consumer Protection Week from March 6-12, 2022. In 2021, the company recorded over 11,000 scam reports, resulting in nearly $600,000 lost by customers. The trend continues in 2022, with 1,055 reports and $65,000 lost in January alone. PG&E advises customers to be cautious of immediate payment demands and to verify any suspicious communications. Customers are encouraged to use official channels for payments and to report any scams to local authorities.

PG&E celebrates California Arbor Week from March 7-14, focusing on tree safety and environmental benefits. The company emphasizes planting trees in safe locations to prevent wildfires and damage to powerlines. Resources include free downloadable guides on safe tree planting and educational activities for children. PG&E encourages contacting 811 before planting to identify underground utilities. The initiative aligns with California's designation of Arbor Week, promoting community engagement in tree planting.

PG&E is launching weekly wildfire safety webinars to update customers on its 2022 wildfire prevention plans and gather feedback. The webinars, open to all customers, will cover key topics such as wildfire prevention efforts, including a significant 10,000-Mile undergrounding program, resources for safety outages, and technological improvements. Scheduled events run every Wednesday from March through early August, with March sessions focused on Kern, Stanislaus, and San Joaquin counties. Closed captioning in multiple languages will be available.

Pacific Gas and Electric Company (PG&E) is accelerating its wildfire mitigation efforts, aiming to underground 175 miles of powerlines in 2022 as part of a broader plan to cover 10,000 miles by 2026. This initiative enhances safety while preserving local environments. PG&E also plans to expand its Enhanced Powerline Safety Settings, which proved effective in reducing ignition risks by 80% during a pilot program. Funding for these activities is tied to PG&E's 2023 General Rate Case, where customer bill impacts remain stable over the next few years.

PG&E has unveiled a groundbreaking personal microgrid backup power transfer meter, enhancing its SmartMeter system for customers in High Fire-Threat Districts. Eligible customers, who are part of the Generator Rebate Program, can receive this device at no cost. The technology integrates seamlessly with backup power sources, allowing for safe connections during outages. PG&E has installed over 100 devices and plans to roll out thousands more. The company has applied for a patent for this innovation, anticipated to be approved by 2023.

Pacific Gas and Electric Company (PG&E) has submitted its Energy Efficiency (EE) Plan for 2024-2031 to the California Public Utilities Commission, aiming to deliver $2.1 billion in benefits to customers. The plan emphasizes customer engagement, environmental stewardship, and equity in energy access. It forecasts a small decrease in electric bills and a slight increase in gas bills, proposing $1.4 billion in costs over four years. PG&E commits to reducing 35 million metric tons of CO2 by 2031, equating to removing 650,000 cars from the road.

Pacific Gas and Electric Company (PCG, PCG.PRA) reported a 27% increase in balloon-related outages in 2021, totaling over 600 incidents. This marks the highest number of outages in a decade, which can disrupt electric service and pose safety risks. As Valentine's Day approaches, PG&E advises customers to securely tie metallic balloons and avoid releasing them outdoors to prevent these outages. The cities most affected include San Jose, Fresno, Bakersfield, Oakland, Richmond, and Stockton.