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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

PG&E to Customers: Let Hearts Soar on Valentine's Day, Not Metallic Balloons

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Pacific Gas and Electric Company (PG&E) warns customers about the dangers of metallic balloons causing power outages as Valentine's Day approaches. In 2023, 332 power outages affected over 157,000 homes and businesses due to balloons hitting power lines.
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PG&E Mobilizes for Atmospheric River Storm This Weekend

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PG&E prepares for a stronger storm forecasted to arrive, with significant website improvements and storm safety tips provided to customers. The company is staging crews and making faster, more complete outage information available online.
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Sunrun and PG&E Complete First Season of Innovative Residential Distributed Power Plant

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Sunrun and Pacific Gas and Electric Company (PG&E) formed a first-of-its-kind partnership to provide consistent, reliable clean energy to California's power grid through home solar-plus-storage systems. The Energy Efficiency Summer Reliability Program, also known as Peak Power Rewards, involved nearly 8,500 solar-plus-storage residential systems peaking at 32 megawatts. Sunrun managed the fleet of home batteries to provide power to PG&E, achieving an average of 27 megawatts during peak hours for over 90 consecutive days. The program was operational within six months of contract signature, achieving a customer participation rate and power supply volume never before accomplished. Enrolled customers received an upfront payment of $750 and a free smart thermostat for participating. PG&E is the nation's utility leader in both rooftop solar and behind-the-meter storage, with nearly 820,000 customers connected to the electric grid with rooftop solar and nearly 75,000 customers having installed and connected storage systems to the grid in PG&E's service area. Sunrun is the nation's largest provider of distributed power plant programs and is exploring future programs with PG&E.
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PG&E Corporation Schedules Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

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PG&E Corporation (NYSE: PCG) has scheduled a conference call to discuss its fourth quarter and full year 2023 results on February 22, 2024, at 11:00 a.m. Eastern Time. The public can access the call through a webcast or a toll-free replay. PG&E Corporation is the parent company of Pacific Gas and Electric Company, serving 16 million Californians in Northern and Central California.
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Kaled Awada Named Chief People Officer, Brings 20-Plus Years of Human Resources Leadership in Automotive, Energy Industries

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Kaled Awada, a seasoned human resources executive with extensive experience in the energy and automotive sectors, has been appointed as the Executive Vice President, Chief People Officer of PG&E Corporation and its subsidiary, Pacific Gas and Electric Company. In his new role, Awada will lead PG&E's People organization, overseeing talent acquisition, labor relations, coworker development, and change management to meet the needs of the company's customers and build a clean, climate-resilient energy system for the future. His appointment has been welcomed by PG&E Corporation Chief Executive Officer Patti Poppe, who highlighted Awada's experience and leadership qualities. Awada's previous roles include serving on the board of directors for Solid Power, as well as holding executive positions at Tenneco and Aptiv, where he played crucial roles in human resources and organizational management. With a strong academic background in psychology and organizational management from The Ohio State University, Awada is poised to bring valuable expertise to PG&E.
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PG&E Encourages Northern and Central California Students Focused on STEM Education to Apply for College Scholarships of Up to $10,000

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PG&E Foundation Offers $500,000 in Scholarships for STEM Students - PG&E
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PG&E Contributes $55 Million to Expand REACH Program, Providing More Support to Income-Eligible Customers on Energy Bills

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Pacific Gas and Electric Company (PG&E) contributes $55 million to support the Dollar Energy Fund, doubling the maximum bill credit for income-eligible families to up to $1,000 in an effort to prevent service disconnections.
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More Than $200,000 in College Scholarships Now Available from PG&E for Students in Northern and Central California

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Pacific Gas and Electric Company (PG&E) is offering scholarships for college-bound high schoolers and current college students in Northern and Central California. More than $200,000 is available through 13 employee resource groups and engineering network groups. The deadline for applications is March 15, 2024.
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600 Miles and Counting: PG&E Hits Significant Milestone as Crews Safely Complete Construction, Energization of 350 More Miles of Underground Powerlines in 2023

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Pacific Gas and Electric Company (PG&E) has constructed and energized more than 600 miles of underground powerlines since its ambitious 10,000-Mile Undergrounding program started in mid-2021. The 350 miles completed in 2023 represents the most ever in a single year by PG&E and nearly twice as many miles as were completed in 2022. The unit cost has now fallen below $3 million per mile, eliminating nearly 98% of the risk of wildfire ignition from electrical equipment. The California Public Utilities Commission recently approved PG&E's 2023-2026 General Rate Case, which authorized 1,230 miles of undergrounding during those four years.
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Nuclear Regulatory Commission Accepts PG&E's Diablo Canyon Power Plant License Renewal Application, Allows Both Units to Continue Operating Past Current Licenses

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Pacific Gas and Electric Company (PG&E) (NYSE: PCG) receives federal Nuclear Regulatory Commission (NRC) determination of sufficiency for License Renewal Application (LRA) for extended operations of Diablo Canyon Power Plant (DCPP). The multi-year review process will provide opportunities for public participation. PG&E filed the LRA on Nov. 7 to ensure electric reliability for all Californians. The facility is the state's largest power plant and producer of clean energy, generating enough carbon-free electricity to meet the needs of three million people. The California Public Utility Commission approved new retirement dates for Diablo Canyon's Units 1 and 2, now 2029 and 2030 respectively.
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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