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.
Pacific Gas and Electric Company (PG&E) warns California residents about the dangers of carbon monoxide poisoning during the winter months. Annually, around 430 deaths occur in the U.S. due to accidental carbon monoxide exposure, with 50,000 emergency room visits. PG&E emphasizes the importance of checking natural gas appliances, ensuring proper flame color, and installing carbon monoxide detectors. Customers should take safety precautions to avoid carbon monoxide risks, especially when using generators or fireplaces.
Pacific Gas and Electric Company (PG&E) has mobilized thousands of workers in preparation for a significant storm system impacting Northern and Central California. With forecasts predicting heavy rainfall, gusty winds, and mountain snow, PG&E emphasizes power restoration readiness. The utility has implemented a Storm Outage Prediction Model to optimize their response to outages. Customers are encouraged to stay informed through PG&E's outage notifications and are provided with safety tips for storm preparedness.
Pacific Gas and Electric Company (PG&E) announced key leadership changes following the retirement of James Welsch, Senior Vice President and Chief Nuclear Officer, on December 31, 2021, after 37 years. Paula Gerfen has been appointed as the new Senior Vice President and Chief Nuclear Officer, while Adam Peck will take over as Site Vice President for Diablo Canyon Power Plant. Gerfen brings over 30 years of nuclear industry experience, and Peck has been with PG&E since 2009, enhancing the leadership team responsible for safe and reliable energy operations.
PG&E Corporation (NYSE: PCG) announces the appointment of Yvonne A. McIntyre as Vice President of Federal Affairs, effective January 3, 2022. McIntyre, an energy industry veteran with over 30 years of experience, will advocate for PG&E’s customers at the federal level from Washington, D.C. She previously served at the Natural Resources Defense Council and Calpine Corporation. McIntyre’s extensive background in federal energy policy is expected to enhance PG&E's engagement in clean energy initiatives and reliability for Californians.
Pacific Gas and Electric Company (NYSE: PCG, AMEX: PCG.PRA) encourages customers to embrace smart home devices this holiday season. Executive VP Marlene Santos emphasizes their role in energy savings and enhanced safety. Customers can benefit from rebates of up to $120 for eligible smart thermostats upon signing up for a Time-of-Use plan. Other recommended products include smart plugs for holiday lights, smart smoke alarms for fire safety, and smart bulbs for convenient lighting control. These devices promote efficiency and security. For more details, visit pge.com/rebates.
Pacific Gas and Electric Company (PG&E) has received approval from the California Public Utilities Commission (CPUC) to broaden eligibility for community-proposed microgrid projects across Northern and Central California. This change allows communities to build microgrids anywhere in PG&E's service area, enhancing energy resilience. The update builds on PG&E’s Community Microgrid Enablement Program launched in April 2021, which has seen engagement with over 30 communities to develop microgrid solutions, including the innovative Oakland EcoBlock project.
PG&E expresses gratitude to its customers this Thanksgiving, sharing energy-saving tips to help lower holiday energy bills. The company emphasizes safety during holiday gatherings, especially regarding cooking fires. Recommended tips include:
- Clean Oven: Reduces fire risks.
- Keep Oven Door Closed: Saves energy.
- Use Stove Instead of Oven: More energy-efficient.
- Install Dimmer Switch: Extends bulb life.
- Use Dishwasher Properly: Saves energy and money.
PG&E serves over 16 million people in California.
Pacific Gas and Electric Company (NYSE: PCG) has installed 138 new high-definition cameras in 2021, increasing its total to 487 cameras across Northern and Central California. These cameras, part of the company's Wildfire Mitigation Plan, enhance fire detection capabilities using artificial intelligence (AI) and machine learning. The AI pilot program has already shown potential by detecting smoke earlier than traditional methods, potentially reducing fire size and risk. By the end of 2022, the company aims to have approximately 600 cameras operational, covering over 90% of high fire-risk areas.
PG&E Corporation (NYSE: PCG) appointed Thomas Webb as a senior advisor, effective immediately. With over 40 years in the utility sector, Webb will collaborate with CEO Patti Poppe and CFO Chris Foster to enhance stakeholder value and shareholder engagement. His experience includes serving as CFO at CMS Energy and Consumers Energy, showcasing a strong background in driving strategic relationships within the industry. The company aims to leverage Webb's expertise to deliver sustainable returns and improve energy safety and reliability for its customers.
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