PG&E Corporation - PCG STOCK NEWS

Pacific Gas and Electric Company (PCG) has issued advance notifications regarding a potential Public Safety Power Shutoff (PSPS) event due to a dry offshore wind forecast starting August 17. The event may affect approximately 48,000 customers across 18 counties, with the most impact in Butte and Shasta counties. Sustained winds may reach up to 40 mph, prompting the National Weather Service to issue Fire Weather Watches. PG&E's safety protocols aim to mitigate wildfire risks, although the PSPS will disrupt power to many households reliant on electricity for critical needs.

Pacific Gas and Electric Company (PCG) has activated its emergency operations center to monitor a forecasted dry offshore wind event expected to start on August 17. In response, PG&E is notifying approximately 39,000 customers across 16 counties, primarily in Butte and Shasta, about potential Public Safety Power Shutoffs (PSPS) aimed at minimizing wildfire risks. Notifications began two days before the expected shutoff, with a focus on customers reliant on electric-powered medical equipment. PG&E's efforts are part of its comprehensive strategy to enhance wildfire safety and mitigate risks.

The latest episode of 7 Saturdays to a More Fire-Resistant Home focuses on community wildfire safety planning. Co-host David Hawks emphasizes the importance of communication with neighbors to enhance emergency readiness. Viewers will learn critical skills, including establishing an emergency communication line, collaborating with neighbors for emergency preparedness, and connecting with local Community Emergency Response Teams and Fire Safe Councils. All episodes are available on PG&E's Safety Action Center, dedicated to disaster preparedness.

Pacific Gas and Electric Company (PCG) advises customers to conserve energy amid rising summer temperatures to prevent unexpected bill increases. Customers are encouraged to set their AC to 78°F or higher, shade AC units, use ceiling fans, change air filters regularly, close window coverings, and turn off unnecessary lights. These simple measures can lead to energy savings and increased home comfort. PG&E serves over 16 million residents across Northern and Central California.

PG&E Corporation (NYSE: PCG) briefed 150 financial community representatives at its Wildfire Command Center, outlining its $7.5 billion annual investment in electric and gas infrastructure. The company requires an additional $2.5 billion from outside investors to enhance safety and reliability. PG&E announced a multi-year initiative to underground 10,000 miles of power lines to reduce wildfire risks. The company's ongoing wildfire safety program has already improved over 600 miles of infrastructure and involved extensive vegetation management, aimed at making California's energy system safer amid increasing climate challenges.

Pacific Gas and Electric Company (PCG) has announced a $750,000 donation to the American Red Cross to support wildfire relief and emergency preparedness. This funding includes $300,000 specifically for wildfire response in counties affected by current wildfires in California. Additionally, PG&E is allocating $50,000 to local nonprofits aiding relief efforts. CEO Patti Poppe expressed gratitude for the Red Cross's work and emphasized the importance of community support during this challenging wildfire season. Notably, the funding comes from PG&E shareholders, not customers.

Pacific Gas and Electric Company (PCG) has announced new safety measures to combat increasing wildfire threats in California, where 85% of the state is experiencing extreme drought. The company is expediting operational responses in high fire threat districts and enhancing fault-sensing equipment to prevent sparks that could ignite wildfires. Additionally, PG&E is expanding its initiative to underground 10,000 miles of power lines. These efforts are part of a broader commitment to mitigate wildfire risks and enhance public safety, particularly in the context of severe climate conditions.