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) promotes energy efficiency on National Energy Efficiency Day (October 6, 2021), emphasizing its role in reducing pollution and utility bills. The company highlights its Home Energy Report (HER) program, which serves 2.9 million customers and saved $42 million in 2020 through energy conservation. Customer satisfaction is noteworthy, with over 87% actively engaging with HERs. PG&E encourages sustainable actions to lower energy costs, such as using energy-saving appliances and optimizing water usage.
Pacific Gas and Electric Company (PCG) has announced a total of
Pacific Gas and Electric Company (NYSE:PCG) launched an episode of its digital series, 7 Saturdays to a More Fire-Resistant Home, focusing on affordable home hardening techniques to protect against wildfires. Viewers will learn to apply weather stripping, caulking, and ember-resistant vents to secure their homes. Co-hosts Alicia Mason and David Hawks emphasize the importance of these measures, as embers can travel great distances and ignite fires. The series is part of PG&E's ongoing effort to educate Californians on enhancing home safety during natural disasters.
Pacific Gas and Electric Company (PG&E) announced a continuation of the pause on energy service disconnections through 2021, despite the formal end of a moratorium initiated by the California Public Utilities Commission in March 2020. The utility is automatically enrolling residential and small business customers with overdue balances in extended payment plans. Additionally, PG&E is collaborating with the Department of Community Services and Development on the California Arrearage Payment Program (CAPP), which will allocate $1 billion to assist customers with pandemic-related energy debts.
PG&E and Southern California Edison have announced a partnership to enhance emergency preparedness services during Public Safety Power Shutoffs (PSPS), coinciding with National Preparedness Month. Through the 211 California Network, customers can access 24/7 support connecting them to local resources for transportation, shelter, and meal delivery. This initiative aims to assist vulnerable communities, including those with disabilities. The agreement seeks to extend resource availability statewide, ensuring critical support to affected customers during power shutoffs.
PG&E is enhancing its Safety Action Center website to improve emergency preparedness resources for Californians during Hispanic Heritage Month. The site now features information in Spanish and Chinese, responding to the needs of diverse communities. With over 2 million visits, the platform helps users create personalized emergency plans and includes essential tips for natural disaster preparedness. Key topics covered include defensive space creation, pet emergency plans, and home fire resistance. This initiative also coincides with National Preparedness Month.
Pacific Gas and Electric Company (NYSE: PCG) launched a new episode in its digital safety series, 7 Saturdays to a More Fire-Resistant Home, aimed at helping Californians prepare for wildfire season. The episode focuses on creating a defensible space of 100 feet around homes, featuring expert advice from former CAL FIRE Chief David Hawks. Viewers will learn techniques for maintaining fire-resistant landscapes and the importance of clearance between plants. Weekly episodes will continue to provide safety tips through the series.
PG&E Corporation announced today that it disputes criminal charges filed by the Shasta County District Attorney in connection with the September 2020 Zogg Fire. CEO Patti Poppe emphasized the company's commitment to safety and ongoing vegetation management efforts, including investing over $1.4 billion this year and removing 300,000 trees. Despite CAL FIRE's determination that a tree impacted their line, Poppe states they did not commit a crime. The company has seen a over 50% reduction in ignitions this year.
PG&E Corporation (NYSE: PCG) is set to hold its third quarter 2021 earnings call on November 1, 2021, at 11:00 a.m. Eastern Time. The call will be accessible via webcast, with a replay available until November 8, 2021. As a major player in the natural gas and electric sector, PG&E provides clean energy to 16 million customers in Northern and Central California. The company is headquartered in San Francisco and employs over 24,000 people. For more details, visit their investor relations page.
Pacific Gas and Electric Company (NYSE:PCG) is celebrating its role in California's clean energy transition during National Clean Energy Week (Sept. 20-24). In 2020, 85% of its electric power mix came from carbon-free resources, with a significant 45% from large-scale solar energy. PG&E is actively promoting electric vehicle (EV) adoption and enhancing grid reliability through a $1.4 billion investment in battery energy storage projects. The company supports over 580,000 rooftop solar installations, representing 20% of national rooftop solar capacity.
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