Group 1 - The Federal Aviation Administration (FAA) has designated April 26 as National Drone Safety Day to promote safe drone operation for recreational and business purposes [1] - Drones are integral to PG&E's aerial fleet, enhancing the safety and reliability of electric and gas service delivery to millions in California [2][3] - PG&E utilizes drones for asset inspections, enabling early identification of risks and damage, which allows for proactive repairs [3] Group 2 - PG&E emphasizes privacy by ensuring that drone operations focus solely on inspecting infrastructure, avoiding imagery of customers and private property [4] - Seasonal weather conditions are leveraged by PG&E to conduct aerial inspections, with drones operating in Northern and Central California [5] - In 2024, PG&E pilots and contractors successfully flew over 250,000 distribution structures and 42,000 missions on transmission equipment [8]

PG&E Corporation (NYSE:PCG) Q1 2025 Earnings Conference Call April 24, 2025 11:00 AM ET Company Participants Jonathan Arnold - Vice President, Investor Relations Patti Poppe - Chief Executive Officer Carolyn Burke - Executive Vice President & Chief Financial Officer Conference Call Participants Nicholas Campanella - Barclays Constantine Lednev - Guggenheim Partners Richard Sunderland - JPMorgan Securities LLC Julien Dumoulin-Smith - Jefferies Anthony Crowdell - Mizuho Carly Davenport - Goldman Sachs Ryan Le ...

2025 FIRST QUARTER EARNINGS Delivering For Customers AND Investors April 24, 2025 33¢ First Quarter 1 Forward-Looking Statements This presentation contains statements regarding PG&E Corporation's and Pacific Gas and Electric Company's (the "Utility") future performance, including expectations, objectives, and forecasts about operating results (including 2025 non-GAAP core earnings), debt and equity issuances, rate base growth, capital expenditures, cash flow, cost savings, customer bills, wildfire risk miti ...

PG&E Corporation (PCG) reported first-quarter 2025 adjusted earnings per share (EPS) of 33 cents, which lagged the Zacks Consensus Estimate of 35 cents by 5.7%. The bottom line also declined 10.8% from the year-ago quarter’s reported figure of 37 cents. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)The company reported GAAP earnings of 28 cents per share compared with 34 cents in the prior-year quarter.The year-over-year decline in the bottom line can be attributed to the lower re ...

Core Insights - PG&E Corporation is expected to deliver solid financial results for 2025, focusing on safety and affordable energy delivery [1] - The company has updated its 2025 GAAP earnings guidance to a range of $1.29 to $1.35 per share, influenced by various factors including customer capital investment and unrecoverable interest expenses [2] - Non-GAAP core earnings guidance for 2025 is reaffirmed at $1.48 to $1.52 per share, with non-core items projected to be between $400 million and $430 million after tax [3] Financial Performance - For the first quarter of 2025, PG&E Corporation reported income available for common shareholders of $607 million, or $0.28 per share, down from $732 million, or $0.34 per share in the same period of 2024 [5][6] - Non-GAAP core earnings for the first quarter of 2025 were $728 million, or $0.33 per share, compared to $800 million, or $0.37 per share in the first quarter of 2024 [9] - The decrease in GAAP results is attributed to a lower return on equity and the dilutive impact of the 2024 equity offering [7] Operational Highlights - PG&E Corporation has fully satisfied its equity needs to fund a five-year capital plan of $63 billion through 2028 [6] - The company is on track to meet a 2% reduction target in non-fuel operating and maintenance costs [6] - PG&E connected over 3,000 new electric customers and nearly 400 new electric vehicle charging ports, contributing to future load growth [6] Infrastructure and Safety Initiatives - The company constructed 24 miles of underground powerlines and 26 miles of strengthened poles in high wildfire-risk areas, with plans for approximately 700 miles of underground powerlines and 500 miles of safety upgrades between 2025 and 2026 [6] - PG&E's Diablo Canyon Power Plant achieved a top performance rating from the U.S. Nuclear Regulatory Commission [6]

Financial Performance - The company reported a significant increase in revenue, reaching $X billion, representing a Y% growth compared to the previous quarter[10] - The company provided an optimistic outlook for the next quarter, projecting revenue growth of B% and earnings per share of $C[10] - New product launches are expected to contribute an additional $D million in revenue, with a focus on innovative technology solutions[10] - Recent acquisitions are expected to generate synergies worth $F million, further strengthening the company's competitive position[10] - Future financial performance will be impacted by changes in GAAP and regulatory accounting standards, which could alter financial reporting and compliance costs[19] - PG&E Corporation's financial condition is influenced by the resolution of high customer rates and the ability to manage customer receivables during pandemics[19] - PG&E Corporation's financial condition is influenced by the resolution of ongoing litigation and indemnity obligations related to wildfire claims and other third-party claims[19] User Engagement - User data showed an increase in active users to Z million, up A% year-over-year, indicating strong customer engagement[10] - The company is actively pursuing partnerships to enhance its service offerings, which could lead to an increase in customer base by I%[10] Market Expansion - The company is expanding its market presence, targeting E new regions, which is anticipated to enhance overall market share[10] Operational Efficiency - The company has implemented new strategies aimed at improving operational efficiency, projected to save $G million annually[10] - The Utility's ability to attract and retain specialized personnel is crucial for maintaining operational efficiency and safety standards[16] Capital Expenditures - Capital expenditures for the upcoming year are forecasted at $H billion, focusing on infrastructure and technology upgrades[10] - PG&E Corporation's access to capital markets is essential for financing, with potential volatility in interest rates posing risks to financial stability[19] - The Utility's substantial indebtedness limits operational flexibility, with ongoing risks related to interest rate changes and capital market access[19] Regulatory Compliance - The management highlighted the importance of regulatory compliance, with an estimated cost of $J million associated with upcoming regulatory changes[10] - The Utility is required to report incidents causing property damage exceeding $200,000 or resulting in fatalities, which may affect regulatory scrutiny and operational costs[20] - The company is actively involved in regulatory proceedings that may affect its operational strategies and financial outcomes[20] - PG&E Corporation's ability to recover costs through rates is contingent on the outcomes of pending regulatory proceedings, which may impact financial performance[19] Environmental and Legal Risks - PG&E Corporation's ongoing litigation includes risks related to Subordinated Claims and Wildfire-Related Non-Bankruptcy Securities Claims, which could impact financial outcomes[19] - The Utility's environmental costs related to natural gas compressor stations and fossil fuel generation sites remain uncertain, impacting future financial performance[19] - Future financial results are subject to various risks, including regulatory changes, environmental compliance costs, and potential liabilities from ongoing investigations[18] - The Utility's wildfire mitigation strategies and related costs are critical for maintaining operational integrity and regulatory compliance[20] - The Utility's wildfire mitigation initiatives are critical for reducing liability risks associated with catastrophic wildfires, with ongoing compliance to the Wildfire Mitigation Plan (WMP) being essential[16] - The Utility faces significant uncertainties related to the effectiveness of its emergency preparedness and response to severe weather events, which could lead to operational disruptions and increased costs[17] Commodity Price Volatility - The Utility's ability to recover electric generation and energy commodity costs through rates is crucial, especially in the context of fluctuating energy commodity prices[19] - The company is focused on managing the volatility of energy commodity prices, which affects its ability to recover timely costs through rates[19] Climate Change Impact - The company is actively monitoring the effects of climate change and natural disasters on its operations, which could lead to unplanned outages and increased repair costs[17] - The impact of technological advancements and the transition to a decarbonized economy may significantly alter customer demand for natural gas and electricity services[17]

Investor Relations: invrel@pge-corp.com | Media: 415.973.5930 | www.pgecorp.com April 24, 2025 PG&E Corporation Reports First-Quarter Results; On Track to Deliver Solid 2025; Residential Electric Rates Lower Today Than a Year Ago OAKLAND — PG&E Corporation (NYSE: PCG) is on track to deliver solid 2025 financial results. Financial progress includes: Operational progress during the first quarter of 2025 continued to focus on physical safety and delivery of affordable and resilient energy. Pacific Gas and Elec ...

Core Viewpoint - PG&E Corporation (PCG) is set to report its first-quarter 2025 results on April 24, with expectations of moderate revenue impact due to weather and significant challenges from wildfires and infrastructure damage [1][2][3][4]. Group 1: Earnings Expectations - The Zacks Consensus Estimate for PCG's sales is $6.11 billion, reflecting a year-over-year growth of 4.2% [5]. - The consensus estimate for earnings is 36 cents per share, indicating a year-over-year decline of 2.7% [5]. - PCG has delivered a four-quarter average earnings surprise of 6.17% [1]. Group 2: Factors Influencing Results - Weather patterns during the first quarter were generally moderate, which is expected to have a limited impact on revenues [2]. - Wildfires in California led to temporary power supply shutdowns, likely adversely affecting top-line results [3]. - Heavy rainfall, landslides, and floods also impacted infrastructure, increasing operating and maintenance costs, which may hurt earnings [4]. - Despite these challenges, solid sales growth expectations and efforts to reduce non-fuel O&M expenses may have positively influenced earnings performance [4]. Group 3: Earnings Prediction Model - The current Earnings ESP for PCG is -6.94%, indicating a lower likelihood of an earnings beat this quarter [6]. - PCG holds a Zacks Rank of 2 (Buy), suggesting a relatively favorable outlook compared to other stocks [7].

Westbank Issues Global Call for Data Centers SAN JOSE, Calif., April 9, 2025 /PRNewswire/ -- Today, Pacific Gas and Electric Company (PG&E) and real estate developer Westbank announced two major milestones in the development of Silicon Valley's innovative net-zero community. PG&E infrastructure upgrades have begun, and Westbank has launched a global call for data center partners to join the initiative.Eastdil Secured, a global real estate investment bank, will lead the process of identifying partners who su ...

PG&E Builds Upon Risk-Informed Safety Actions That Prevented Major Wildfires in 2023 and 2024 OAKLAND, Calif., April 7, 2025 /PRNewswire/ -- Building upon proven layers of protection that ensured no major wildfires resulted from the company's equipment in 2023 and 2024 and infused with technological innovation, Pacific Gas and Electric Company (PG&E) today shared its robust, risk-informed strategy to continue that progress in light of an ever-changing climate.  PG&E's 2026-2028 Wildfire Mitigation Plan (WMP ...