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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.

News

When an Earthquake Strikes, Will Your Family Be Ready? Take Time During California Earthquake Preparedness Month to Shake-Proof Your Home and Business

Rhea-AI Summary
PG&E Geosciences Expert Urges Californians to Prepare for Inevitable Earthquakes by Taking Safety Measures and Using Technology
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From Miles Above, Satellite Data Helps Spot Hazardous Trees and Reduce Wildfire Risk

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PG&E expands contract with Planet to use satellite data for vegetation management, resulting in a 72% reduction in ignitions in high fire-risk areas in 2023.
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Planning a Project that Involves Digging? Call 811 to Know What's Below Before You Start

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Homeowners are urged to call 811 before digging to prevent damaging underground utility lines, which can cost an average of $3,500 in repair costs. Failure to call 811 led to 1,262 incidents in 2023 in Northern and Central California alone.
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PG&E Corporation Schedules First Quarter 2024 Earnings Release and Conference Call

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PG&E (NYSE: PCG) schedules a conference call on April 25, 2024, to discuss its first quarter 2024 results. The public can access the call through a webcast or toll-free replay.
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PG&E Customers to Receive Up to $140.63 California Climate Credit on Spring Energy Bill

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PG&E customers to receive increased California Climate Credit in 2024, highlighting environmental responsibility and sustainability efforts.
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Scammers Swindled Nearly $900,000 from PG&E Customers in 2023. Here's How Not to Be a Victim.

Rhea-AI Summary
PG&E customers fell victim to scammers in 2023, losing $875,000, with an average loss of $785. The company joins the FTC to combat scams during National Consumer Protection Week. Scam reports reached 43,000 in 2023, with ongoing high levels in 2024. Scammers threaten service disconnection and demand immediate payment, targeting vulnerable groups like seniors and small businesses.
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PG&E Mobilizes for Potent Storm System Arriving Late This Week

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PG&E crews prepare for a strong winter storm with heavy rain, snow, and power outages expected in California. A Blizzard Warning has been issued by the National Weather Service, impacting various regions. The utility is pre-staging crews and materials to access remote locations. Customers are advised on storm safety tips and online outage information updates.
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PG&E Corporation Delivers High End of Guidance for Full-Year 2023 and Increases 2024 Earnings Guidance

Rhea-AI Summary
The press release highlights the financial performance of PCG for the year 2023, with GAAP earnings of $1.05 per share and $0.43 per share for the fourth quarter. Non-GAAP core earnings were $1.23 per share for the year and $0.47 per share for the fourth quarter. EPS guidance for 2024 has been increased, with no equity issued in 2023 and no forecasted equity needs in 2024. Operational costs were reduced by 5.5% in 2023, exceeding targets, and a five-year capital plan of $62 billion has been set to support infrastructure improvements.
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PG&E Identifies More than 20 Climate-Tech Solutions Aimed at Achieving a Clean Energy Future

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PG&E unveils a refreshed portfolio of emerging technology projects to tackle grid challenges, following its 2023 Accelerating Innovation initiative.
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Dates Set for PG&E Quarterly Stock Dividends

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PG&E Corporation (PCG) announces its first-quarter 2024 regular cash dividend of $0.01 per share on common stock and regular preferred stock dividends for the three-month period ending April 30, 2024. The dividends are payable to shareholders of record on specific dates.
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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.

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PG&E Corporation

NYSE:PCG

PCG Rankings

#254 Ranked by Market Cap
#2111 Ranked by Dividends

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