PG&E Corporation - PCG STOCK NEWS

The California Independent System Operator (CAISO) has issued a Flex Alert due to soaring temperatures expected today, October 1, from 3 p.m. to 10 p.m. The alert urges Californians to conserve energy amidst rising electricity demand primarily driven by air conditioning usage. Wildfires are further complicating the energy supply, disrupting power generation and potentially affecting solar production. PG&E offers several energy-saving tips for both residential and commercial customers and encourages participation in demand response programs to mitigate potential power shortages.

During National Drive Electric Week (Sept. 26-Oct. 4), Pacific Gas and Electric Company (PCG) urges residential customers with electric vehicles (EVs) to apply for the $800 Clean Fuel Rebate before the deadline of December 31, 2020. The rebate, initiated in 2017, has distributed over $92 million to approximately 145,000 customers. PCG also commits to electrifying its vehicle fleet by 2030, targeting 100% of its light-duty fleet. The initiatives aim to support California's climate goals and promote clean transportation.

The California Independent System Operator (CAISO) has issued a Flex Alert for Thursday, Oct. 1, from 3 p.m. to 10 p.m. due to anticipated triple-digit temperatures. The alert aims to ensure energy supply meets demand, especially with increased air conditioning use. PG&E suggests customers conserve energy by using fans, closing shades, and adjusting thermostats. Although CAISO does not foresee rotating outages at this time, conservation is crucial to avoid power interruptions. PG&E's Demand Response programs encourage energy-saving participation among 261,000 customers.

Pacific Gas and Electric Company (PCG) has announced $1 million in charitable contributions to support communities impacted by the ongoing wildfires in California. This funding includes $500,000 from PG&E and the same amount from The PG&E Corporation Foundation. The contributions will primarily aid local organizations responding to food insecurity and providing relief to displaced residents. PG&E's previous commitments this year also included $100,000 to the American Red Cross and $50,000 to the California Association of Food Banks.

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 September 27. This PSPS impacted approximately 65,000 customers across 15 counties, initiated due to severe weather conditions. Following the restoration, PG&E inspected over 3,915 miles of power lines, identifying 13 instances of weather-related damage. The company is actively monitoring ongoing wildfires in Napa, Sonoma, Shasta, and Tehama counties, where around 24,000 customers remain without power. PG&E aims to restore power within 12 daylight hours after weather clearance.

Pacific Gas and Electric Company is conducting inspections of power lines that were de-energized due to a Public Safety Power Shutoff (PSPS) affecting around 65,000 customers across 16 counties. The PSPS commenced on September 27 amid severe weather conditions, including high winds and elevated temperatures. Crews are inspecting approximately 3,915 miles of lines with an expectation to restore power to most customers by 11:59 PM on September 28. Additionally, around 37,000 customers are currently experiencing outages due to wildfires, which are being actively monitored.

Pacific Gas and Electric Company (PG&E) has initiated a Public Safety Power Shutoff (PSPS) impacting approximately 65,000 customers across 16 counties in Northern and Central California due to high fire risks from dry winds. The anticipated shutoff is less than originally projected, with a 27% decrease in affected customers owing to improved weather forecasts. PG&E aims to restore power within 12 hours after the winds subside on Monday. Notifications were sent out 48 hours prior, and PG&E is optimizing its PSPS program to lessen customer impacts.

Pacific Gas and Electric Company (PG&E) announced a Public Safety Power Shutoff (PSPS) impacting approximately 89,000 customers across 16 counties in Northern Sierra and the North Valley. The de-energization involves two phases, starting early Sunday morning with 15,000 customers and an additional 74,000 in the afternoon. This safety measure is due to strong winds and dry conditions expected to persist until Monday morning. PG&E aims to improve the PSPS program while ensuring customer safety and providing resources, including outdoor Community Resource Centers during power outages.

Pacific Gas and Electric Company (PG&E) has issued notifications regarding a potential Public Safety Power Shutoff (PSPS) affecting approximately 97,000 customers across fifteen counties in Northern Sierra and North Valley. The PSPS, prompted by a forecast of strong offshore winds, may commence early Sunday morning and last through Monday. The counties impacted include Alpine, Amador, Butte, Calaveras, El Dorado, and more. PG&E's meteorological team is closely monitoring the situation, with ongoing notifications to affected customers.