PG&E Corporation - PCG STOCK NEWS

Pacific Gas and Electric Company (PG&E) and BMW Group have expanded their collaboration on smart charging electric vehicles (EVs), launching phase three of the ChargeForward program, which targets 3,000 BMW EV drivers in Northern and Central California. This phase aims to optimize EV charging times to support grid reliability using excess renewable energy. Participants can earn up to $400 in incentives while helping the grid during peak demand. The program plans to explore vehicle-to-grid capabilities for enhancing grid services and backup generation in future phases.

Pacific Gas and Electric Company (PCG) announced a $1.25 million contribution for 2021 to support nonprofits aiding vulnerable communities impacted by COVID-19. This funding will enhance food security efforts, assist minority- and women-owned small businesses, and provide utility bill assistance. Key allocations include $500,000 for small business grants and $200,000 to the California Association of Food Banks. Additional support will target seniors and youth programs, continuing PG&E's commitment to community relief, building on the previous $1 million donation in 2020.

Pacific Gas and Electric Company (PG&E) has appointed Barry J. “Joe” Bentley as the new Senior Vice President of Electric Engineering, effective March 22, 2021. Bentley will oversee engineering and strategy for PG&E's extensive electric system, comprising about 100,000 miles of transmission and distribution lines. He has a notable background, previously serving as Senior Vice President at AES Corporation, and possesses significant experience in utility operations. Bentley aims to enhance PG&E's safety and efficiency while contributing to California's clean energy objectives.

PG&E urges customers to be vigilant against utility scams amid the pandemic. Scammers are increasingly targeting customers, particularly vulnerable groups, with deceptive tactics. PG&E emphasizes that they will never ask for immediate payment within one hour of disconnection or request payment via prepaid cards. Customers are encouraged to register for My Account for account security and can designate family members to assist them. Signs of potential scams include threats of immediate disconnection, requests for prepaid cards, and spoofed phone numbers. Reporting suspected fraud is critical.

Pacific Gas and Electric Company (PCG), along with SDG&E and SCE, proposed to modernize California’s rooftop solar program to enhance customer equity and support clean energy goals. The plan, submitted to the California Public Utilities Commission, focuses on compensating future rooftop solar customers for excess energy exported to the grid. Currently, non-solar customers pay approximately $3 billion more annually to subsidize existing solar customers. The proposal aims to rectify this by ensuring fair cost-sharing among all customers and encouraging solar adoption, especially for lower-income households.

Pacific Gas and Electric Company (PCG) has surpassed California's Renewable Portfolio Standard goal of 33% renewable energy, achieving over 35% in 2020. Over 88% of the electricity supplied came from greenhouse gas-free resources. Major highlights include a 45% contribution from large-scale solar energy and investments in over 1,400 MWs of battery energy storage to enhance grid reliability. PG&E is on track to meet future state renewable energy goals, including a 60% target by 2030, as mandated by recent legislation.

Pacific Gas and Electric (PCG) is preparing for incoming storms in Northern and Central California, following a record-dry February with only 0.20 inches of precipitation. PG&E meteorologists expect valley rain, low-altitude snow, and possible thunderstorms through Wednesday. The company has implemented a Storm Outage Prediction Model to efficiently respond to outages. Customers are advised to prepare for potential power outages with safety tips including avoiding downed wires and using flashlights instead of candles. PG&E serves over 16 million people in California.

Pacific Gas and Electric Company (PG&E) is launching a new web resource, Right Tree, Right Place, to support safe tree planting during California Arbor Week (March 7-14). This initiative offers rules, tips, and guidelines for planting trees near electric and gas lines, helping to enhance fire safety and reduce power outages. Customers can download brochures that detail safe planting practices, including checking underground utilities before digging. PG&E encourages adherence to fire safety standards to mitigate wildfire risks across Central and Northern California.

Pacific Gas and Electric Company (PCG) informed the California Public Utilities Commission (CPUC) about missed inspections of 24 hydroelectric substations and five distribution poles due to an error in its System Inspection Program. This oversight, which affects less than 0.01% of inspected structures, is being addressed with immediate inspections scheduled by March 13 for Tier 3 and March 31 for Tier 2 facilities. PG&E is also conducting a root cause evaluation and updating records to ensure compliance with safety commitments.