PG&E Us - PCG STOCK NEWS

Pacific Gas and Electric Company (PCG, PCG.PRA) reports strong participation in demand-response programs, with 245,000 customers enrolled, potentially providing 365.8 megawatts of load-reduction capacity. These initiatives help maintain grid reliability and prevent outages during peak demand periods. The company emphasizes community involvement, showcasing participant testimonials. Energy-saving incentives for both businesses and residential customers are highlighted, demonstrating PG&E's commitment to energy conservation and grid stability.

Pacific Gas and Electric Company (PG&E) is donating $1 million to support relief efforts for communities affected by wildfires in Northern and Central California. This funding will assist nonprofit organizations and volunteer fire departments in providing shelter, food security, and recovery services. Specifically, PG&E has allocated $100,000 to aid communities impacted by the Caldor Fire in El Dorado County. This pledge includes previously announced donations of $300,000 to the American Red Cross for shelter and emergency services. The contributions are from PG&E shareholders, not customers.

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.