PG&E Us - PCG STOCK NEWS

Pacific Gas and Electric Company (PG&E) announces a new program to support customers facing financial difficulties after the end of COVID-19 customer protections. By the end of September 2021, eligible customers will be auto-enrolled in extended payment arrangements for past-due balances. Residential customers can pay off debts over 24 months, e.g., a $1,200 bill would equal $50 monthly payments. If payment plans are missed, disconnection may occur. PG&E encourages customers to utilize additional financial assistance programs.

The California Public Utilities Commission (CPUC) has approved PG&E's sale of its San Francisco headquarters for approximately $800 million. This transaction is expected to result in a net gain of $400 million for customers over five years, helping to moderate future rate increases. PG&E plans to relocate to Oakland in 2022, aiming for long-term cost savings and improved operational efficiency. The new headquarters will consolidate several East Bay locations, further simplifying real estate costs and enhancing workplace flexibility.

Pacific Gas and Electric (PG&E) has deployed a linear generator at its Angwin distribution microgrid in Napa County, utilizing natural gas and renewable biogas to replace diesel generation. This initiative, in collaboration with NextEra Energy Resources and Mainspring Energy, aims to enhance clean energy solutions during emergencies like winter storms and Public Safety Power Shutoff (PSPS) events. The pilot project seeks to reduce diesel utilization and emissions while providing reliable power. NextEra has financed the $150 million deployment, emphasizing the potential of the linear generator for low-cost, clean energy in California.

PG&E alerts customers about the rise in utility scams during the COVID-19 pandemic, with over 2,700 reported attempts since June 2021. Scammers target vulnerable populations, demanding immediate payments via prepaid cards to avoid disconnection. Key affected locations include San Francisco, Santa Rosa, Bakersfield, and Fresno. PG&E urges vigilance and provides resources to help customers protect themselves, such as registering for My Account and recognizing warning signs of scams. Customers should report suspicious activities to PG&E or local authorities.

Pacific Gas and Electric Company (PCG) is assisting schools in Northern and Central California transition to electric buses through its EV Fleet program. Over 30 school districts are adopting around 350 electric buses with PG&E's help in building necessary electrical infrastructure and providing rebates for EV chargers. Notable participants include Clovis Unified School District and Red Bluff Joint Union High School District, each incorporating electric buses into their fleets. This initiative aligns with California's goals for reducing greenhouse gas emissions from transportation, which is the state's largest source of such emissions.

Pacific Gas and Electric Company (PG&E) has expanded its network of weather stations across Northern and Central California, now totaling over 1,200 installations. With more than 200 new stations added this year, PG&E aims to improve its safety measures during Public Safety Power Shutoff (PSPS) events. The stations collect critical data such as temperature and wind speed, aiding meteorologists in predicting severe weather and enhancing operational planning. PG&E plans to reach 1,300 stations by the end of 2021, bolstering its wildfire safety initiatives.

Pacific Gas and Electric Company (PCG) celebrates National Hydropower Day on August 24, highlighting its leadership in hydroelectric power generation for over 125 years. PG&E operates one of the largest hydroelectric systems in the U.S., encompassing 168 dams and 64 powerhouses, providing over 3,800 megawatts of capacity. The U.S. hydropower sector contributed 6.6% to national electricity generation in 2019, showcasing the industry's significance in clean energy. PG&E emphasizes safety and aims to raise awareness of its hydroelectric systems during this observance.

Pacific Gas and Electric (PCG) emphasizes energy-saving tips as students return to school. Key strategies include setting thermostats to 78 degrees or higher, using refrigerators efficiently, unplugging unused devices, and purchasing ENERGY STAR certified products. These practices can help customers save on energy bills while fostering long-term energy-efficient habits. PG&E also provides a Home Energy Checkup for insights into energy consumption.

Pacific Gas and Electric Company (PCG) has successfully restored power to nearly all 50,000 customers affected by the Public Safety Power Shutoff (PSPS) across 13 counties in California. The shutoff, initiated due to high wildfire risks, included comprehensive inspections of over 3,200 miles of power lines. Preliminary reports indicate at least 10 instances of weather-related damage, with four posing potential wildfire risks. PG&E will submit a detailed PSPS report to the California Public Utilities Commission within 10 days.