PG&E Corporation - PCG STOCK NEWS

Pacific Gas and Electric Company (PCG) announced property tax payments exceeding $268 million for the second half of 2020 to 50 counties in California, supporting vital public services and local economies. This sum reflects a 5.5% increase over the previous tax year, totaling over $537 million for the tax year ending June 30, 2021. These payments align with PG&E's ongoing investments in gas and electrical infrastructure aimed at enhancing safety and wildfire mitigation.

Pacific Gas and Electric Company (PG&E) is now accepting scholarship applications for college-bound high school students and current college students who are PG&E customers in Northern and Central California. Over 120 scholarships, totaling nearly $300,000, are available through PG&E’s employee resource and engineering network groups, with awards ranging from $1,000 to $6,000. Applications must be submitted by February 12, 2021. Since 1989, PG&E has awarded over $5 million in scholarships, primarily funded by employee contributions.

Pacific Gas and Electric Company (PG&E) warns customers of stormy weather forecasted for Northern and Central California, with potential power outages due to rain and gusty winds. The company emphasizes the importance of safety and preparedness, urging customers to have plans in place. PG&E utilizes a Storm Outage Prediction Model to anticipate storm impacts and to pre-stage crews for rapid response to outages. Customers are advised on safety tips such as avoiding downed wires, safely using generators, and preparing for potential outages.

Pacific Gas and Electric Company (PCG) is actively supporting customers during the COVID-19 pandemic by maintaining crucial customer protection measures. These include a moratorium on service disconnections for non-payment and waiving security deposits for small commercial clients, set to continue until April 16, 2021. The company helped nearly 200,000 customers enroll in the California Alternate Rates for Energy Program (CARE), raising total enrollment to over 1.57 million. PG&E encourages customers to utilize various financial assistance programs for energy cost management.

Pacific Gas and Electric Company (PG&E) announced it will not proceed with a Public Safety Power Shutoff (PSPS) due to improved weather conditions. Initially, PG&E had planned to shut off power to approximately 8,500 customers across Fresno, Madera, Mariposa, Tulare, and Tuolumne counties. The decision comes after monitoring overnight weather, which showed that critical wind and humidity levels were not reached. PG&E had informed around 130,000 customers about the potential PSPS over the weekend, but the number decreased as conditions improved. Customers will soon receive notifications confirming no power shutoff will occur.

Pacific Gas and Electric Company (PCG) has adjusted its upcoming Public Safety Power Shutoff (PSPS) due to weather changes, reducing the number of affected customers from 132,000 to 8,500. The PSPS will impact areas in five counties including Fresno and Tulare, with restoration expected by Tuesday evening. PG&E emphasizes the importance of notifying customers, particularly those with medical needs. This decision comes as high winds accompanied by fire-risk conditions are forecasted, underlining PG&E's commitment to ensuring safety while managing disruptions.

Pacific Gas and Electric Company (PG&E) has announced a potential Public Safety Power Shutoff (PSPS) starting early December 7, due to dry conditions and high winds posing fire risks. Approximately 92,000 customers across 16 counties will be affected, down from an initial estimate of 130,000. Areas of high risk include Butte, Kern, and Plumas counties. PG&E aims to restore power within 12 hours post-event, depending on conditions. Customer notifications have commenced, and PG&E is monitoring weather closely.

Pacific Gas and Electric Company (PG&E) has issued alerts for a potential Public Safety Power Shutoff (PSPS) impacting approximately 130,000 customers across 15 counties and five tribal communities due to forecasted high winds and dry conditions. Affected counties include Alpine, Amador, and El Dorado. The PSPS is set to begin early on December 7, with restoration efforts anticipated to take no longer than 12 daylight hours after winds subside. PG&E emphasizes the importance of safety and has initiated customer notifications through various channels.

The California Public Utilities Commission approved a settlement agreement for Pacific Gas and Electric Company (PCG) addressing its 2020-2022 General Rate Case. This decision allows PG&E to invest in enhancing its electric and gas distribution systems to mitigate wildfire risks and maintain service reliability. Average monthly bills will increase by $13.44 starting March 1, 2021. PG&E aims to save $1 billion annually through various cost-saving initiatives, while enhancing customer support during Public Safety Power Shutoff events.