PG&E

PG&E Corp. is a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. It specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in San Francisco, CA.

Earnings data Q1 2021

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PG&E reports solid earnings, focuses on risk reduction and growth

PG&E's performance reflects stability and growth potential, supported by successful risk mitigation efforts and financial resilience.
While facing challenges in legal proceedings and financial disallowances, the company is well-positioned to capitalize on opportunities in infrastructure investment and EV market growth.
By focusing on operational excellence, regulatory progress, and innovation, PG&E aims to enhance its competitive position and drive sustainable growth in the future.

PG&E reports strong Q1 earnings, eyes asset sales for growth

PG&E's Q1 2023 Earnings Call showcased solid financial performance, progress in risk mitigation, and confidence in meeting targets. The company faces challenges with cost of capital adjustments and significant impact filings. However, opportunities like dividend reinstatement and asset sales present avenues for growth and savings.

PG&E reports steady earnings, focuses on safety and innovation

PG&E's financial performance in Q2 2023 was steady, with a focus on earnings growth and risk mitigation strategies.
The company's emphasis on safety, innovation, and AI integration highlights a commitment to operational excellence.
While facing regulatory and data protection challenges, PG&E is poised to leverage opportunities for growth and customer support.

PG&E reports in-line Q3 earnings, focuses on safety and stability

PG&E's Q3 performance met expectations, with a focus on safety, financial stability, and infrastructure investments.
While challenges exist in cash flow constraints and rate case decisions, the company is proactive in advocating for regulatory support.
Opportunities lie in strengthening financial metrics, legislative milestones, and ongoing infrastructure projects for future growth and resilience.

PG&E surpasses earnings expectations, Moody's upgrades rating outlook

PG&E's strong financial performance in 2023 exceeded expectations, with a positive outlook for future growth. The company's focus on risk mitigation, efficient financing, and customer service enhancements positions it well for continued success. Challenges include addressing potential asset sales and rate payer impacts, while opportunities lie in electrification and strategic financial planning.

PG&E reports solid Q1 earnings, eyes growth amidst regulatory challenges

PG&E's Q1 2024 performance aligns with guidance, emphasizing growth and customer benefits.
The company's financial plan prioritizes dividend growth, equity investments, and cost savings.
Challenges include financing CapEx, supply chain efficiency, and regulatory compliance.
Opportunities lie in investment potential, regulatory developments, and technological advancements.

PG&E reports solid earnings, advances safety measures amid wildfire risks

PG&E's Q2 2024 performance reflects steady earnings growth and strategic resilience, underpinned by robust financial risk mitigations and customer-centric investments.
While challenges persist in managing wildfire risks and navigating regulatory landscapes, the company's proactive approach and advocacy efforts signal a commitment to long-term sustainability.
Opportunities lie in influencing policy discussions, expanding market presence through affordable growth strategies, and leveraging additional liquidity for future investments and resilience.
Overall, PG&E's focus on safety, financial discipline, and stakeholder engagement positions it well for sustainable growth and value creation in the evolving energy landscape.

PG&E reports solid Q3 earnings, focuses on safety and growth

PG&E's financial performance in Q3 2024 showed steady growth and a narrowed EPS guidance for the year.
The company's commitment to safety, infrastructure investments, and financial discipline were key highlights.
Challenges in managing cash flows, securing financing, and regulatory compliance were also discussed.

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PG&E Corp. operates as a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. It specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in Oakland, CA.

SAN FRANCISCO — Gusty winds and low humidity brought a high risk of wildfires to the interior of Northern California on Wednesday, and a utility proactively cut electricity to about 8,400 customers to prevent potential ignitions in the blustery conditions.

Preemptive power outages return to Northern California as wildfire conditions worsen

PG&E (PCG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

PG&E (PCG) Upgraded to Buy: Here's What You Should Know

Hawaiian Electric Industries

The collapse in shares of Hawaiian Electric Industries $HE last week and the bankruptcy of California's PG&E $PCG almost five years ago after its downed wires sparked deadly wildfires are driving home a new dynamic to utility investors just as demands for a new grid infrastructure reach a frenzy.

Hawaii Electric, PG&E, and the new climate risk to utilities

The PG&E Corporation Foundation Scholarships Total $350,000 for Students Pursuing Higher Education in California OAKLAND, Calif. , Aug. 16, 2023 /PRNewswire/ -- The PG&E Corporation Foundation today announced that 60 students — 20 more than last year — from hometowns across Pacific Gas and Electric Company's [PG&E] service area will receive scholarships from the 2023 Better Together STEM Scholarship Program.

60 Local Students Across Northern and Central California to Receive Annual PG&E Better Together STEM Scholarships

Customers Can Lower Energy Costs Using Tips, Tools and Incentive Programs OAKLAND, Calif. , Aug. 14, 2023 /PRNewswire/ -- With triple-digit temperatures expected this week in much of Pacific Gas and Electric Company's (PG&E) service area, PG&E encourages customers to prepare for hotter temperatures, and offers ways to reduce energy usage and bills.

PG&E Offers Customers Ways to Save Energy and Money During Summer Heat

A Free Call to 811 Will Help Keep You Safe and Avoid Expensive Repairs OAKLAND, Calif. , Aug. 10, 2023 /PRNewswire/ -- Tomorrow, Friday, Aug. 11, is recognized as National 811 Day, to raise awareness of the importance of making a free call to 811 before any digging project, large or small.

On National 811 Day, PG&E Promotes Important Customer Safety Tips for Digging Near Underground Gas and Electric Lines

SmartAC Smart Thermostat Approaches 100,000-Participant Milestone and Power Saver Rewards Pays Customers to Reduce Energy Use During High-Demand Hours OAKLAND, Calif. , Aug. 3, 2023 /PRNewswire/ -- As summer heat ramps up in many areas and energy demand increases across California, Pacific Gas and Electric Company (PG&E) encourages customers to enroll in an energy incentive program to help lower energy costs, reduce strain on the electric grid during high-demand periods, and support the state's clean energy goals.

Powerful Initiatives: PG&E Energy Incentive Programs Reward Customers for Reducing Energy Use and Strain On Electric Grid

The California utility spent more than $2 billion on an effort it says was ineffective. Its focus now is on power-line settings.

PG&E Scraps Tree-Trimming Program Once Seen as Key to Fire Prevention

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PG&E Corporation (NYSE:PCG ) Q2 2023 Earnings Conference Call July 27, 2023 11:00 AM ET Company Participants Jonathan Arnold - Vice President of Investor Relations Patti Poppe - Chief Executive Officer Carolyn Burke - Executive Vice President & Chief Financial Officer Conference Call Participants Shar Pourreza - Guggenheim David Arcaro - Morgan Stanley Julien Dumoulin-Smith - Bank of America Ryan Levine - Citi Operator Ladies and gentlemen thank you for standing by. My name is Brent and I will be your conference operator today.

PG&E Corporation (PCG) Q2 2023 Earnings Call Transcript

PG&E Corp.'s (PCG) second-quarter adjusted EPS lags the Zacks Consensus Estimate by 14.8%.

PG&E Corp. (PCG) Misses Q2 Earnings, Reaffirms 2023 View

PG&E (PCG) came out with quarterly earnings of $0.23 per share, missing the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.25 per share a year ago.

PG&E (PCG) Q2 Earnings and Revenues Miss Estimates

PG&E Corp on Thursday reported a rise in second-quarter profit, primarily driven by lower costs related to wildfire claims and bankruptcy filings.

PG&E second-quarter profit rises on lower legal costs

Recorded GAAP earnings were $0.19 per diluted share for the second quarter of 2023, compared to earnings of $0.17 per diluted share for the same period in 2022. Non-GAAP core earnings were $0.23 per diluted share for the second quarter of 2023, compared to earnings of $0.25 per diluted share for the same period in 2022.

PG&E Corporation Reports Second-Quarter Results; On Track to Deliver Solid 2023

Deployment of the cloud-based energy management platform enables adoption of greater amounts of distributed energy resources and faster grid connections Breakthrough collaboration provides an intelligent system to maintain grid reliability during periods of extreme weather and heavier demand for electricity BOSTON and OAKLAND, Calif. , July 25, 2023 /PRNewswire/ -- Schneider Electric and Pacific Gas and Electric Company (PG&E) today announced the deployment of a distributed energy resource management system (DERMS) on Microsoft Azure to more effectively maintain grid reliability, and accelerate customer adoption of distributed energy resources (DER) such as electric vehicles, energy storage and rooftop solar.

The Backbone for a Clean, Reliable Energy Future: Schneider Electric and PG&E Announce Solution on Microsoft Azure to Maximize Value of EVs, Solar and Battery Energy Storage as Flexible Grid Resources

Battery Energy Storage and Demand Response Programs Help Support Electric Grid OAKLAND, Calif. , July 21, 2023 /PRNewswire/ -- As another warming trend builds over California with some areas forecasted to hit triple digits through the weekend, Pacific Gas and Electric Company (PG&E) is prepared to meet increased electricity demand with new energy supply, and programs offering customers incentives for adjusting energy use to help reduce demand.

The Heat Is On, Again; PG&E Prepared To Help Keep Customers Cool

Pilots Aim to Narrow the Economic Divide for EV Ownership, Improve Access to EV Charging Stations in Low-Income Areas   OAKLAND, Calif. , July 18, 2023 /PRNewswire/ -- In support of California's goals for vehicle electrification and climate action, Pacific Gas and Electric Company (PG&E) is offering two new programs designed to improve access to electric vehicle (EV) charging infrastructure for customers in underserved communities.

PG&E Rolls Out New Programs to Accelerate EV Adoption in Underserved Communities

SAN FRANCISCO--(BUSINESS WIRE)--The PG&E Fire Victim Trust (FVT) announced today the sale of 60 million shares of PG&E stock as it continues fulfilling its mission to compensate the victims of fires in Northern California from 2015 to 2018. The FVT was created in July 2020 and funded with both cash and shares of stock pursuant to PG&E's Chapter 11 Plan of Reorganization. At that time, 476,995,175 shares of common stock were transferred to the Trust. This was followed on August 3, 20.

PG&E Fire Victim Trust Announces Sale of an Additional 60 million Shares of PG&E Stock

First-of-Its-Kind Event for PG&E Assembles Innovators to Build the Bridge to California's Electrified, Decarbonized Energy Future OAKLAND, Calif. , July 13, 2023 /PRNewswire/ -- Today, Pacific Gas and Electric Company (PG&E) announced keynote speakers for its Innovation Summit 2023 on July 25, featuring a one-on-one conversation and Q&A between Patti Poppe , Chief Executive Officer of PG&E Corporation, and Elon Musk , Chief Executive Officer of Tesla.

Tesla CEO Elon Musk Among Keynote Speakers Announced for PG&E's July 25 Innovation Summit

Flexible Pay Plans & Options Available to Help Customers Get Their Energy Accounts Back on Track OAKLAND, Calif. , July 6, 2023 /PRNewswire/ -- As summer heats up and home energy use increases in parts of California, Pacific Gas and Electric Company (PG&E) urges eligible customers to enroll in financial assistance programs to help lower energy costs and better manage summer energy bills.

PG&E Customers Encouraged to Explore Financial Assistance Programs to Lower Energy Costs and Manage Summer Bills

Customers Should Prepare for Extreme Heat Conditions Across California OAKLAND, Calif. , June 30, 2023 /PRNewswire/ -- Summer is in full swing, the Fourth of July holiday is just days away, and many families are preparing to celebrate Independence Day with fireworks, barbecues and outdoor activities.

PG&E Offers Safety Tips for July 4 Holiday and Summer Heat Wave

OAKLAND, Calif. , June 30, 2023 /PRNewswire/ -- PG&E Corporation (NYSE: PCG) will hold a conference call on Thursday, July 27, 2023, at 11:00 a.m.

PG&E Corporation Schedules Second Quarter 2023 Earnings Release and Conference Call

The utility is applying for cash from an Energy Department program that funds critical projects.

PG&E Seeks $7 Billion Federal Loan to Reduce California Wildfire Risk

OAKLAND, Calif. , June 23, 2023 /PRNewswire/ -- Today, Pacific Gas and Electric Company (PG&E) unveiled a new research, development (R&D) and innovation initiative to bridge the gap between today's energy system and California's electrified and decarbonized future.

Accelerating Innovation with Breakthrough Thinking and Radical Collaboration: PG&E Launches New R&D Strategy Initiative and Innovation Summit

From Advanced Drones and Remote Power Grids to Undergrounding Powerlines using Innovative Methods and Launching a Moon Shot for Wildfire Detection and Suppression, Today's Event Displays a Wide Range of Innovations SAN RAMON, Calif., June 22, 2023 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) is deploying innovative and emerging technologies, including a remotely-operated controlled-burn system, next-generation drones, and wireless remote grids, building upon the proven layers of protection that are reducing wildfire risk from its equipment by 94% (based on established methodologies) in 2023 to help keep its customers and hometowns safe.

News for PG&E Stock (PCG)