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 ...

At the April 8 Virtual Event, PG&E Leaders Will Answer Questions and Share Available Resources OAKLAND, Calif., April 4, 2025 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) invites customers to an interactive webinar to share more about what we are doing to reduce wildfire risk and make our system safer. On Tuesday, April 8, from 5:30 p.m. to 7:00 p.m., PG&E experts will provide a brief presentation, during which participants will have the opportunity to ask questions. During the webinar event, cus ...

Damaging an underground utility line while digging can result in thousands of dollars in repair costs OAKLAND, Calif., April 1, 2025 /PRNewswire/ -- Every day in Central and Northern California, underground utility lines are damaged due to homeowners and contractors failing to call 811 before starting digging projects. Not only is digging without knowing the location of underground lines dangerous, it can also result in expensive repairs and inconvenient outages. Pacific Gas and Electric Company (PG&E) is j ...

OAKLAND, Calif., March 27, 2025 /PRNewswire/ -- PG&E Corporation (NYSE: PCG) will hold a conference call on Thursday, April 24, 2025, at 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time) to discuss its first 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: First Quarter 2025 Earnings Call When: Thursday, April 24, 2025 at 11:00 a.m. Eastern Time Where: http ...

Core Points - PG&E plans to award up to $43 million in grants for the development of nine new community-driven microgrids in Northern and Central California, with the application window opening on April 3, 2025 [1][2] - The Microgrid Incentive Program (MIP) aims to support disadvantaged communities vulnerable to outages by funding community microgrids [2][11] - PG&E received around 50 inquiries from various organizations since the MIP's launch in late 2023, with 22 projects advancing through initial screening [3][4] Funding and Project Details - The nine selected projects will undergo due diligence before formally accepting awards, which will include reviewing terms and reassessing project assumptions [6] - Approximately $34 million of the $43 million will be allocated for front-of-the-meter generating resources, engineering, project management, and property costs, with each project eligible for up to $1 million for interconnection costs [7][10] - The first wave of MIP projects will serve nearly 9,000 customers, including about 3,600 with Access and Functional Needs, and will be located in Humboldt, Lake, and Marin Counties [9][10] Program Overview - The MIP is a $200 million competitive grant program authorized by the California Public Utilities Commission, designed to fund clean-energy community microgrids in vulnerable communities [11][12] - PG&E's funding allocation under the MIP is $79.2 million, with other utilities receiving different amounts for similar projects [12] - Interested parties can learn more and apply for grants through PG&E's MIP website [13]

Core Viewpoint - PG&E has launched the Seasonal Aggregation of Versatile Energy (SAVE), a first-of-its-kind virtual power plant (VPP) aimed at enhancing local grid reliability by utilizing residential energy resources to alleviate grid constraints [1][2]. Group 1: Program Overview - The SAVE program will involve up to 1,500 residential customers with battery energy storage systems and up to 400 customers with smart electric panels, providing localized support during peak demand periods from June to October 2025 [2][4]. - The program is part of PG&E's Electric Program Investment Charge (EPIC) initiative, which allows California utilities to demonstrate new technologies for safety, reliability, and affordability [6]. Group 2: Participation and Technology - Sunrun will manage battery dispatches for customers in Northern and Central California, ensuring that all enrolled batteries maintain at least a 20% backup reserve for power availability during outages [7]. - SPAN will enroll customers with smart electric panels to receive dispatch signals, utilizing its Dynamic Service Rating™ capability to manage home energy demand during peak events [9][10]. Group 3: Community Impact - The SAVE program focuses on equity, with over 60% of participating customers coming from disadvantaged or low-income communities [5]. - The neighborhoods selected for the program are based on potential overload risks during peak summer hours and the concentration of participating customers [5]. Group 4: Industry Significance - Virtual power plants like SAVE are seen as crucial for California's clean energy future, transforming residential homes from energy consumers to active grid assets [3][8]. - The program aims to alleviate strain on the electric grid while ensuring safety and reliability for customers [3][11].