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PG&E Corporation - PCG STOCK NEWS

Welcome to our dedicated page for PG&E Corporation news (Ticker: PCG), a resource for investors and traders seeking the latest updates and insights on PG&E Corporation stock.

PG&E Corporation (NYSE: PCG) is a major utility holding company based in Oakland, California. Through its principal subsidiary, Pacific Gas and Electric Company, PG&E provides natural gas and electric service to approximately 16 million people across a 70,000 square mile territory in Northern and Central California.

Pacific Gas and Electric Company delivers electricity to 5.3 million customers and natural gas to 4.6 million customers. Its extensive infrastructure includes about 18,000 circuit miles of interconnected transmission lines, 107,000 circuit miles of distribution lines, and 43,300 miles of natural gas distribution pipelines. The company’s energy generation portfolio is diverse, encompassing nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources.

In terms of recent achievements, PG&E has made significant strides in environmental initiatives. In 2024, it completed its Land Conservation Commitment, permanently protecting approximately 140,000 acres of watershed lands. PG&E has also launched several wildfire risk reduction projects and implemented its first 100% renewable remote electric grid at Pepperwood Preserve, demonstrating its commitment to sustainability and innovation.

Financially, PG&E has shown robust performance. For the first quarter of 2024, the company reported income available for common shareholders of $732 million or $0.34 per share. This increase is attributed to customer capital investments and non-fuel operating and maintenance savings. PG&E Corporation’s non-GAAP core earnings for the same period were $800 million or $0.37 per share.

PG&E is actively engaged in community support through charitable giving. In 2023, the company, along with The PG&E Corporation Foundation, provided $25.6 million in charitable contributions. This support benefitted nearly 5,000 nonprofits and schools, emphasizing the company's commitment to the communities it serves.

PG&E also faces challenges related to customer safety and utility scams. In 2023, the company received nearly 43,000 reports of scam attempts targeting its customers. PG&E works diligently to educate its customers on how to recognize and avoid such scams.

Overall, PG&E Corporation represents a critical utility provider in California, deeply intertwined with the state’s energy infrastructure, community welfare, and environmental stewardship. For more information, visit PG&E Corporation and Pacific Gas and Electric Company.

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Pacific Gas and Electric (PCG) is preparing for a significant Public Safety Power Shutoff (PSPS) event due to forecasted high winds and low humidity, affecting approximately 466,000 customers across 38 counties starting Sunday, October 25. The shutoff aims to protect against potential wildfires resulting from expected dry, windy conditions. PG&E plans to restore power within 12 daylight hours after the winds subside on October 27 while ensuring the safety of affected customers, particularly those in need of medical support.

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Pacific Gas and Electric Company (PCG) plans to restore power by late Friday (Oct. 23) to nearly all 31,000 customers affected by the Public Safety Power Shutoff (PSPS) initiated on Oct. 21 due to high winds raising wildfire risks. PG&E has reduced the initial customer impact by 16%, bringing total outages down to about 8,000. Crews are conducting inspections to ensure safety before re-energizing lines. Additionally, PG&E is preparing for another potential PSPS event starting Sunday (Oct. 24) and has opened 13 Community Resource Centers for affected residents.

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Pacific Gas and Electric Company (PG&E) initiated a Public Safety Power Shutoff (PSPS) due to high winds and dry conditions, impacting approximately 37,000 customers across 15 counties. Counties removed from the scope include Lassen, Solano, Stanislaus, and Yuba. Notifications began 48 hours prior to the shutoff, with de-energization starting at 8 p.m. PG&E will open 21 Community Resource Centers to assist affected customers during this event. The shutoff aligns with National Weather Service Red Flag Warnings indicating critical fire weather conditions.

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Pacific Gas and Electric (PG&E) has issued notifications regarding a potential Public Safety Power Shutoff (PSPS) event due to a forecast of strong offshore winds, starting Wednesday evening. The PSPS could affect approximately 54,000 customers across 19 counties in Northern California, including Alameda, Butte, and Shasta. Customer notifications began two days prior, and PG&E will offer Community Resource Centers for affected individuals, emphasizing safety protocols during the COVID-19 pandemic.

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Pacific Gas and Electric Company (PCG) has warned customers in 19 counties and two tribal communities about a potential Public Safety Power Shutoff (PSPS) due to expected high winds and dry conditions. The shutoff could begin as early as Wednesday evening, affecting approximately 50,000 customers, particularly in Northern California. PG&E will inspect power lines after the winds subside, aiming to restore power swiftly. Customers have been notified via text, email, and phone calls, with emphasis on those relying on medical equipment. PG&E aims to minimize the impact with enhanced communication and safety measures.

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Pacific Gas and Electric Company (PG&E) has restored power to nearly all customers affected by the Public Safety Power Shutoff (PSPS) that began on October 14. This event impacted about 41,000 customers across 24 counties due to high winds, low humidity, and dry vegetation, creating a wildfire risk. As of October 16, PG&E's Meteorology team declared all areas cleared for inspections and restoration. Wind gusts exceeding 73 MPH were recorded, prompting emergency measures. PG&E aims to restore service within 12 hours post-clearance. A report on damages will be submitted to regulators.

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Pacific Gas and Electric Company (PCG) is managing a Public Safety Power Shutoff (PSPS) affecting approximately 41,000 customers across 24 counties, down from an initial forecast of 53,000 due to improved weather conditions. The company aims to reduce affected customers by one-third this year compared to last year. Support includes 40 Community Resource Centers for assistance and partnerships with 47 community organizations for medically vulnerable clients. PG&E has restored power to around 8,000 customers and expects further restorations by Friday.

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Pacific Gas and Electric Company (PCG) highlights the importance of earthquake preparedness as California approaches the Great ShakeOut on October 15. Employees share personal experiences from past earthquakes, emphasizing safety measures such as securing homes and having escape plans. The Great California ShakeOut promotes the safety message of 'Drop, Cover and Hold On' to encourage residents to practice emergency protocols. PG&E urges residents to be proactive about earthquake safety to reduce risks during potential future seismic events.

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Pacific Gas and Electric Company (PCG) will initiate a Public Safety Power Shutoff (PSPS) due to high winds and low humidity, affecting around 53,000 customers across 24 counties. The shutoff starts at 6 p.m. on October 14, with phases de-energizing lines in areas including the Northern Sierra Nevada and the Bay Area. PG&E plans to open 40 Community Resource Centers for assistance. Power restoration is anticipated by 10 p.m. on October 16, weather permitting. This PSPS aims to minimize wildfire risk during critical weather conditions.

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Pacific Gas and Electric Company (PG&E) is preparing for a potential Public Safety Power Shutoff (PSPS) due to a strong offshore wind event expected to begin Wednesday evening. The PSPS may impact approximately 54,000 customers across 24 counties, representing about 1% of PG&E's customer base. PG&E's meteorologists and emergency teams are monitoring conditions closely, with notifications already sent to affected customers. Community Resource Centers will be established to support those impacted, especially vulnerable customers reliant on electricity for medical needs.

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FAQ

What is the current stock price of PG&E Corporation (PCG)?

The current stock price of PG&E Corporation (PCG) is $21.04 as of November 15, 2024.

What is the market cap of PG&E Corporation (PCG)?

The market cap of PG&E Corporation (PCG) is approximately 55.0B.

What services does PG&E Corporation provide?

PG&E Corporation, through its subsidiary Pacific Gas and Electric Company, provides natural gas and electric services to customers in Northern and Central California.

How many customers does PG&E serve?

PG&E serves approximately 5.3 million electricity customers and 4.6 million gas customers in Northern and Central California.

What are some recent achievements of PG&E?

Recent achievements include the completion of the Land Conservation Commitment, the implementation of wildfire risk reduction projects, and the deployment of a 100% renewable remote electric grid at Pepperwood Preserve.

How did PG&E perform financially in the first quarter of 2024?

PG&E reported first-quarter 2024 income available for common shareholders of $732 million or $0.34 per share, with non-GAAP core earnings of $800 million or $0.37 per share.

What is PG&E Corporation’s approach to community support?

PG&E Corporation supports communities through significant charitable contributions, providing $25.6 million in 2023 to nearly 5,000 nonprofits and schools.

How does PG&E support environmental sustainability?

PG&E supports environmental sustainability through initiatives like the Land Conservation Commitment, wildfire risk reduction projects, and the deployment of renewable energy technologies.

What infrastructure does PG&E operate?

PG&E operates 18,000 miles of transmission lines, 107,000 miles of distribution lines, and 43,300 miles of natural gas distribution pipelines.

What energy sources does PG&E use for electricity generation?

PG&E uses a mix of energy sources, including nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources, for electricity generation.

How is PG&E addressing utility scams?

PG&E actively educates customers on recognizing and avoiding utility scams and collaborates with the Federal Trade Commission to enhance consumer protection.

Where can I find more information about PG&E?

For more information, visit PG&E Corporation’s website at www.pgecorp.com and Pacific Gas and Electric Company’s website at www.pge.com.

PG&E Corporation

NYSE:PCG

PCG Rankings

PCG Stock Data

54.96B
2.14B
2.73%
77.17%
1.32%
Utilities - Regulated Electric
Electric & Other Services Combined
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United States of America
OAKLAND