Workflow
PG&E (PCG)
icon
Search documents
PG&E Corporation to Report Q2 Earnings: Here's What to Expect
ZACKS· 2025-07-25 14:50
Key Takeaways PCG will report Q2 2025 results on July 31, with earnings projected to rise 6.5% year over year.Revenues might have benefited from hot spring temperatures, rate growth and reduced O&M costs.PCG's Earnings ESP of 0.00% makes earnings surprise prediction difficult despite expected sales growth. PG&E Corporation (PCG) is scheduled to report second-quarter 2025 results on July 31, before market open. In the last reported quarter, the company posted a negative earnings surprise of 5.71%. However, P ...
XPRIZE Wildfire Names Teams Advancing in Global Competition to End Destructive Wildfires
Prnewswire· 2025-07-14 17:00
$11M Competition Co-Sponsored by PG&E and Gordon and Betty Moore Foundation is Driving Technological Innovations Poised to Transform Wildfire Detection and ResponseSAN DIEGO and OAKLAND, Calif., July 14, 2025 /PRNewswire/ -- XPRIZE, the world's leader in designing and operating large-scale incentive competitions to solve humanity's grand challenges, today announced teams advancing in XPRIZE Wildfire, a four-year, $11 million global competition accelerating new solutions to end destructive wildfires. XPR ...
Compare and Save: Switching Rate Plan May Lower PG&E Customers' Bills
Prnewswire· 2025-07-09 18:00
Core Insights - PG&E encourages customers to check their rate plans to potentially lower their energy bills without changing their energy usage [1][3] - The company forecasts stable residential gas and electric bills for the remainder of 2025, with a decrease expected in 2026 [2] - A significant number of customers in Fresno County could save a total of $13.4 million annually by switching to the lowest-cost rate [6][7] Rate Plans and Savings - Customers can use PG&E's Rate Comparison tool to find the lowest-cost rate based on their last 12 months of energy usage [3][4] - Over 70% of Fresno County customers could save by moving off the E-1 tiered rate, which charges higher prices for increased energy usage [7] - Customers may achieve additional savings by switching to time-of-use rates and using energy during off-peak hours [4][8] Customer Support and Tools - PG&E offers various tools to help customers manage their energy costs, including Budget Billing, Home Energy Checkup, and Savings Finder [9][10] - Financial assistance programs are available for customers struggling to pay their energy bills [10]
PG&E Corporation Schedules Second Quarter 2025 Earnings Release and Conference Call
Prnewswire· 2025-07-02 20:30
OAKLAND, Calif., July 2, 2025  /PRNewswire/ --PG&E Corporation (NYSE: PCG) will hold a conference call on Thursday, July 31, 2025, at 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time) to discuss its second quarter 2025 results. The public can access the conference call through a simultaneous webcast.  The link is provided below and will also be available from the PG&E Corporation website. What: Second Quarter 2025 Earnings Call When: Thursday, July 31, 2025 at 11:00 a.m. Eastern Time Where: ...
PG&E Power Line And Fire Mitigation Efforts Planned In San Rafael
San Rafael, CA Patch· 2025-06-17 13:44
Core Point - The City of San Rafael announced tree work scheduled from Monday to Friday, contracted by PG&E for routine power line and fire mitigation efforts [1] Company Operations - Core Tree Care, represented by John Ball, is responsible for the tree work in San Rafael [1] - The work aims to enhance safety by addressing power line issues and reducing fire risks [1] Community Impact - John Ball indicated that there are no expected road closures due to the tree work [1]
PG&E: Recent Plunge Is Another Chance To Buy At 'Fire Sale' Prices
Seeking Alpha· 2025-06-12 10:05
Group 1 - PG&E (PCG) has been traded by the author in the past, but there is a reluctance to hold the stock long-term due to concerns about California lawmakers [1] - The author emphasizes a focus on strategic buying opportunities with dividend and value stocks, which has led to a high rating on Tipranks.com and a significant following on Seeking Alpha [1] - The author holds a beneficial long position in PCG shares through various means, indicating a personal investment interest [1] Group 2 - The article does not provide specific investment advice and emphasizes the importance of consulting a financial advisor [2] - Past performance is noted as not guaranteeing future results, and the views expressed may not reflect those of Seeking Alpha as a whole [3]
Expanding Access: More PG&E Customers Eligible for 18% Electric Discount Under New Support Program Guidelines
Prnewswire· 2025-06-02 16:30
Customers are Encouraged to Check Eligibility and Apply for Monthly Electric Discount OAKLAND, Calif., June 2, 2025 /PRNewswire/ -- More than an estimated 150,000 additional Pacific Gas and Electric Company (PG&E) customers are now eligible for an 18% discount on their electric rate.The Family Electric Rate Assistance (FERA) program is expanding to include one- and two-person households. Under previous eligibility guidelines, only households with three or more people were eligible.The discount does not appl ...
Surging Data Center Growth to Help Lower Energy Costs for PG&E Customers
Prnewswire· 2025-05-27 21:10
Core Insights - PG&E is experiencing a significant increase in electricity demand from new data centers, projected to require approximately 8.7 GW over the next decade, up from 5.5 GW reported at the end of 2024 [1][6] - The growth in data center demand is expected to benefit PG&E customers, potentially leading to a 1-2% reduction in monthly electric bills for every 1 GW of new demand [7] - PG&E is actively supporting the development of new data centers in collaboration with real estate developers, including a project in downtown San Jose that will also include residential units [2][13] Electricity Demand and Infrastructure - Each 1 GW of electricity can power around 750,000 homes simultaneously, highlighting the scale of the new demand [4] - PG&E is currently working on 18 new data center projects totaling approximately 1.4 GW, with operations expected to begin between 2026 and 2030 [6] - The new energy demand allows PG&E to utilize its existing power infrastructure more efficiently, spreading costs over a larger energy output [8] Future Projects and Studies - PG&E is conducting a follow-up study across its entire service area to assess data center needs, covering 70,000 square miles in Northern and Central California [9] - In addition to the current 8.7 GW pipeline, PG&E has received 21 new project applications totaling approximately 4.1 GW of additional power demand [10] - By grouping applications and projects, PG&E aims to enhance planning efficiency, reduce costs, and expedite customer connections [11]
PG&E to Graduates: Toss Caps in the Air, Not Metallic Balloons
Prnewswire· 2025-05-23 18:30
Core Points - PG&E warns about the public safety risks associated with helium-filled metallic balloons during graduation season, emphasizing the need to secure them with weights to prevent them from floating away and contacting power lines [1][3] - In the first five months of 2025, metallic balloons caused over 130 power outages in PG&E's service area, affecting more than 54,000 customers, with critical facilities like hospitals and schools being disrupted [2] - Metallic balloons can conduct electricity due to their silvery coating, leading to potential short circuits and power outages when they come into contact with power lines [4] Safety Recommendations - PG&E advises customers to keep helium-filled metallic balloons securely tied to a weight to prevent them from floating away [7] - Customers are encouraged to keep metallic balloons indoors when possible and to avoid releasing them outside [7] - In case of a balloon getting caught in a power line, PG&E recommends not attempting to retrieve it and to report the issue immediately [7]
PG&E (PCG) - 2025 FY - Earnings Call Transcript
2025-05-22 18:00
Financial Data and Key Metrics Changes - The company reported a stabilization of typical residential combined bills since January 2024, with expectations for a decrease in 2026 [30] - The general rate case proposal for 2027 through 2030 includes the smallest percentage increase request in a decade, attributed to $2.5 billion saved in operating and capital costs over the past three years [30] Business Line Data and Key Metrics Changes - The company achieved zero major wildfires caused by its equipment for the second consecutive year in 2024, indicating effective wildfire protection measures [21] - Over 900 miles of power lines have been buried in high-risk areas, reducing ignition risk by nearly 98% [21] - The company installed over 630 AI-enabled wildfire cameras for real-time condition awareness [22] Market Data and Key Metrics Changes - The company added nearly 14,000 new customers in 2024, representing a 30% increase over the previous year [26] - The clean energy portfolio includes 98% greenhouse gas-free power for electric retail customers [23] Company Strategy and Development Direction - The company aims for capital investments of approximately $63 billion from 2024 to 2028, with a goal to limit annual growth in customer costs to 2-4% [25] - The strategy includes reducing non-fuel operating and maintenance costs by at least 2% each year, which has been met or surpassed for three consecutive years [25] Management's Comments on Operating Environment and Future Outlook - Management emphasized a commitment to safety, reliability, and affordability in energy services, aiming to build trust with customers and communities [17][19] - The company is focused on serving people, the planet, and California's prosperity, with ongoing efforts to improve service at lower costs [28] Other Important Information - The board of directors is currently set at 14 members, as required by CPUC regulations, which allows for a diversity of experience and skills [32] - The company is committed to inclusion and belonging as core values, enhancing company strength and responsiveness to customer needs [34] Q&A Session Summary Question: What is PG and E doing to help customers navigate bill increases? - The company is stabilizing bills and expects them to decrease in 2026, with a proposal for the smallest general rate case percentage increase in a decade [30] Question: Why is the PG and E board currently set at 14 members? - The board size is determined by CPUC regulations, which require between twelve and fifteen directors to ensure diverse oversight [32] Question: Why is inclusion and belonging a core value for PG and E? - Inclusion and belonging are integral to the company’s operations, making it stronger and more responsive to diverse customer needs [34]