PG&E Us Stock Price, News & Analysis

Pacific Gas and Electric Company (NYSE:PCG) plans to add nine new battery energy storage projects totaling approximately 1,600 MW to enhance California's renewable energy integration. If approved by the California Public Utilities Commission, this will increase PG&E's total storage capacity to over 3,330 MW by 2024. The projects aim to support California’s greenhouse gas reduction policies and replace retiring natural gas generation. The first projects are expected to come online as early as August 2023, contributing to grid reliability and cleaner energy delivery.

Pacific Gas and Electric Company (PCG) warns customers of rising energy costs this winter due to a 90% increase in natural gas prices compared to last year. The utility emphasizes that it passes these costs to customers without markup. To mitigate these expenses, PG&E encourages customers to adopt energy-saving practices, such as lowering thermostats and using programmable thermostats. The company also offers payment assistance programs, including the Arrearage Management Plan, which can forgive up to $8,000 in unpaid balances for qualifying customers.

Pacific Gas and Electric Company has launched an innovative interconnection system that connects renewable natural gas (RNG) produced from dairy waste in Merced County, California to its pipeline. This project, developed in partnership with Maas Energy Works and California Energy Exchange, aims to reduce greenhouse gas emissions by converting methane from dairies into a clean energy source. The California Public Utilities Commission provided funding through its Dairy Biomethane Pilot Program. This initiative is expected to enhance California's renewable energy landscape.

PG&E Corporation (NYSE: PCG) will host a Fourth Quarter 2021 Earnings Call on February 10, 2022, at 11:00 a.m. ET. Investors can join via a live webcast, and access a replay until February 17, 2022. PG&E, headquartered in San Francisco, serves over 16 million customers in Northern and Central California with natural gas and electric services. For more details, visit the company's investor relations page.

Pacific Gas and Electric Company (PCG) has restored electric service to nearly 50,000 customers since Christmas morning, with approximately 15,000 still without power as of 5 p.m. Sunday. The company is preparing for further outages due to forecasted winter storms, including low snow levels and potential debris flows affecting power lines. With rainfall totals at 206% of normal and snowpack at 102%, PG&E is utilizing a Storm Outage Prediction Model to enhance response efforts. Local emergency centers and resources have been activated to expedite restoration efforts.

Pacific Gas and Electric Company (PCG) is preparing for incoming storms in California, forecasted to bring strong winds and rainfall, potentially leading to widespread power outages. The company has activated its winter storm response plans and is pre-staging crews and equipment for rapid restoration. PG&E is working closely with meteorologists and has developed a Storm Outage Prediction Model to accurately assess storm impacts. Safety measures and resources are being allocated to ensure efficient response operations during the storm period.

Pacific Gas and Electric Company (NYSE:PCG) announced the 2021 recipients of its Resilience Hubs grants, aimed at supporting communities in Northern and Central California during climate-driven disruptions. The program allocated $25,000 each to four feasibility projects and $100,000 each to three design and build projects, totaling $400,000 annually over five years. Grant recipients include organizations like Albany CERT Inc. and the City of Richmond, focusing on creating safe gathering places and improving community preparedness for emergencies.

Pacific Gas and Electric Company (NYSE:PCG) has initiated several programs to assist customers in managing increased energy costs this winter due to rising natural gas prices, which are more than double compared to last winter. The company offers energy-saving tips and financial assistance programs, including the Low-Income Home Energy Assistance Program (LIHEAP) and the Relief for Energy Assistance through Community Help (REACH) Program. Additionally, PG&E has automatically enrolled over 810,000 customers in extended payment arrangements to help them manage past due balances.

Pacific Gas and Electric Company (PG&E, NYSE:PCG) has opened scholarship applications for college-bound high schoolers and current college students residing in Northern and Central California. Over $200,000 in awards will be distributed, with individual scholarships ranging from $1,000 to $6,000. Targeted groups include various employee resource groups promoting diversity and inclusion. Since 1989, PG&E has awarded more than $5 million in scholarships. Applications are due by February 25, 2022.