PG&E Corporation - PCG STOCK NEWS

PG&E Corporation (PCG) reported third-quarter 2020 income of $83 million, or $0.04 per share, a significant recovery from a loss of $1.6 billion, or $3.06 per share, in Q3 2019. Non-GAAP core earnings were $461 million, or $0.22 per share, down from $590 million, or $1.11 per share, due to increased shares and wildfire mitigation costs. The company adjusted its 2020 guidance, projecting GAAP losses of $1.00 to $1.06 per share, and core earnings between $1.60 and $1.63 per share. PG&E is committed to wildfire mitigation and plans to sell its San Francisco office complex.

Pacific Gas and Electric Company (PCG) has successfully restored power to nearly all customers affected by the Public Safety Power Shutoff (PSPS) that began on October 25, impacting around 345,000 customers across 34 counties. The weather 'all clear' was issued by October 27, allowing crews to begin inspections and repairs on over 17,000 miles of power lines. Preliminary reports indicate at least 76 instances of weather-related damage. PG&E aims to restore power within 12 hours of clearance notifications. A detailed damage report will be submitted to the California Public Utilities Commission within ten days.

Pacific Gas and Electric Company (PCG) continues its partnership with the EPA to promote energy efficiency, especially during National Energy Awareness Month. The company highlights the importance of the ENERGY STAR program, which began in 1992 to reduce greenhouse gas emissions. PG&E is increasing its rebate for ENERGY STAR smart thermostats from $50 to $120, aiding customers in managing energy bills. Additionally, energy-efficient products like LED bulbs and ENERGY STAR appliances can save consumers significant amounts over their lifetimes. For more details, visit pge.com.

Pacific Gas and Electric Company (PG&E) restored power to over 335,000 customers affected by the Public Safety Power Shutoff (PSPS) that began on October 25. As of Tuesday night, only around 10,000 customers remained without power, expected to be restored by noon on Wednesday. PG&E inspected over 17,000 miles of lines, identifying at least 72 instances of damage. The PSPS was implemented as a safety measure against wildfire risks due to severe weather conditions, including high winds reaching up to 89 mph in some areas.

Pacific Gas and Electric Company (PG&E) restored power to over 228,000 customers affected by a Public Safety Power Shutoff (PSPS) that began on October 25. PG&E's crews inspected 17,000 miles of lines, identifying 36 instances of weather-related damage. The remaining customers are expected to have power restored by late Tuesday or early Wednesday. PG&E monitors dynamic weather conditions and follows a structured restoration process, including patrol, repair, and customer notification. Additionally, 106 Community Resource Centers were opened to assist affected customers.

Pacific Gas and Electric Company (PCG) restored power to over 156,000 customers following a Public Safety Power Shutoff (PSPS) due to severe winds. The initial PSPS, affecting approximately 345,000 customers, began on October 25. PG&E crews conducted inspections with 1,800 personnel and 65 helicopters, revealing 13 instances of weather-related damage. The full restoration is expected by late Tuesday, with ongoing patrols over 17,000 miles of lines to ensure safety.

Pacific Gas and Electric Company (PCG) initiated power restoration after a Public Safety Power Shutoff (PSPS) affecting 355,000 customers across 34 counties. Improved weather allows crews to patrol 17,000 miles of lines with nearly 1,800 ground units and air support. Power restoration is expected to be complete by late Tuesday. High winds recorded included 76 mph in Sonoma and 54 mph in Napa. PG&E has opened 105 Community Resource Centers for impacted customers, providing essential services during outages.

Pacific Gas and Electric (PCG) initiated a Public Safety Power Shutoff (PSPS) due to forecasted high winds and low humidity, affecting approximately 361,000 customers across 36 counties. The shutoff began on October 25, starting with the Northern Sierra region, and will continue into the evening of October 26. Notably, about 105,000 customers will remain energized due to favorable weather changes and other methods. PG&E plans to restore power within 12 daylight hours post-event.

Pacific Gas and Electric Company (PG&E) is preparing for a significant offshore wind event beginning Sunday, Oct. 25, with extremely dry conditions and strong winds raising wildfire risks. A Public Safety Power Shutoff (PSPS) may be initiated as early as Sunday to prevent damage and fire ignition in critically dry areas across 38 counties. PG&E will notify affected customers and open 109 Community Resource Centers for support during outages. Additionally, PG&E will patrol de-energized lines post-event to ensure safety prior to restoring power within 12 daylight hours.