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PG&E Invites Customers to a Webinar on Wildfire Prevention Work and Safety Resources for 2025
Prnewswire· 2025-04-04 21:42
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 ...
April is National Safe Digging Month, A Reminder to Call to 811 Before Any Size Digging Project, Large or Small
Prnewswire· 2025-04-01 16:00
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 ...
PG&E Corporation Schedules First Quarter 2025 Earnings Release and Conference Call
Prnewswire· 2025-03-27 21:00
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 ...
PG&E Advancing $43 Million for Nine New Community Microgrids in Northern California
Prnewswire· 2025-03-26 17:00
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]
PG&E Launches Seasonal Aggregation of Versatile Energy (SAVE) Virtual Power Plant Program
Prnewswire· 2025-03-24 17:00
First-of-its-kind, proactive peak load shifting and shaping program will dispatch residential home batteries and leverage smart home electrical panels to enhance local grid reliabilityOAKLAND, Calif., March 24, 2025 /PRNewswire/ -- Pacific Gas & Electric Company (PG&E) today announced the launch of Seasonal Aggregation of Versatile Energy (SAVE), an Electric Program Investment Charge (EPIC) demonstration and a first-of-its-kind virtual power plant (VPP) that harnesses residential distributed energy resource ...
Spring Bill Relief: Up to $125 California Climate Credit Automatically Applied to PG&E Customers' Energy Bills
Prnewswire· 2025-03-17 16:49
Core Points - Pacific Gas and Electric Company (PG&E) will automatically provide California Climate Credit to millions of customers on their April energy bill [1] - Residential customers with active electric accounts will receive a credit of $58.23, while those with active gas accounts will receive $67.03, totaling $125.26 for customers using both services [2] - The California Climate Credit is funded by the state's Cap-and-Trade Program, aimed at reducing emissions and benefiting disadvantaged communities [3] Financial Impact - Since 2014, PG&E residential customers have received an average of nearly $1,000 in California Climate Credits, amounting to over $12.9 billion in benefits statewide from the Cap-and-Trade Program [4] Customer Support Initiatives - PG&E encourages customers to explore energy-saving options through a new Savings Finder and offers programs like Budget Billing to help manage monthly expenses [5] - Income-eligible customers can access assistance programs, including Medical Baseline, which provides bill reductions for those with medical needs [6] Energy Efficiency Programs - Customers can invest $200 in energy-efficient materials to create a DIY Energy Efficiency Toolkit, potentially saving hundreds of dollars annually on energy bills [7] Company Overview - PG&E serves over 16 million people across 70,000 square miles in Northern and Central California as a combined natural gas and electric utility [8]
PG&E Applies Enhanced Outage Prediction Models to Ready Crews and Resources Ahead of this Week's Storm
Prnewswire· 2025-03-11 19:58
OAKLAND, Calif., March 11, 2025 /PRNewswire/ -- Ahead of the winter storm forecast to deliver strong wind gusts and heavy rain for much of Pacific Gas and Electric Company's (PG&E) service area this week, the company has readied crews and resources to safely and swiftly respond to storm-related outages. PG&E Meteorology Storm Forecast and Preparations  PG&E has operationalized 1600 weather stations across its service area, 1400 of which are equipped with artificial intelligence (AI) or advanced machine lear ...
Wall Street Analysts See a 31.97% Upside in PG&E (PCG): Can the Stock Really Move This High?
ZACKS· 2025-03-07 15:55
Group 1 - PG&E (PCG) shares have increased by 3.1% over the past four weeks, closing at $16.08, with a mean price target of $21.22 indicating a potential upside of 32% [1] - The mean estimate consists of 16 short-term price targets with a standard deviation of $3.01, where the lowest estimate is $15 (6.7% decline) and the highest is $26 (61.7% increase) [2] - Analysts show strong agreement on the company's ability to report better earnings than previously predicted, which supports the potential for stock upside [4][9] Group 2 - The Zacks Consensus Estimate for the current year has increased by 0.1% over the last 30 days, with two estimates moving higher and one lower [10] - PCG holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [11] - While consensus price targets may not be reliable for predicting exact gains, they can provide a directional guide for price movement [12]
National Consumer Protection Week: PG&E Partners with the FTC to Help Customers Recognize and Avoid Utility Scams
Prnewswire· 2025-03-03 18:01
Core Insights - In 2024, PG&E customers lost nearly $650,000 to utility scammers, with over 26,000 reports of scam attempts received by the company [1][2] - PG&E is collaborating with the Federal Trade Commission (FTC) to raise awareness and help customers avoid scams during National Consumer Protection Week from March 2-8, 2025 [1] Scam Statistics - Customers reported losing $646,000 in fraudulent payments during 2024, with a significant number of scams likely going unreported [2] - In January 2025 alone, PG&E received over 1,700 reports of attempted scams, resulting in nearly $22,000 lost by customers [2] Scam Tactics - Scammers create a sense of urgency by threatening immediate disconnection of utility services if payment is not made [3][4] - PG&E emphasizes that they will never request financial information over the phone or demand payment via pre-paid debit cards or money transfer services [3][4] Target Audience - Small and medium-sized businesses are also targeted, with over 1,200 reports of scam attempts received in 2024 [5] - Scammers often exploit busy business hours, preying on the urgency of business owners [5] Customer Protection Measures - Customers are advised to never purchase prepaid cards to avoid service disconnection, as PG&E offers various payment methods [5] - Signing up for an online account at pge.com allows customers to check balances, payment history, and set up alerts [7] Identifying Scams - Scammers may impersonate trusted phone numbers and create fake utility bill-pay websites [8][10] - Common scam tactics include aggressive demands for immediate payment, requests for prepaid card numbers, and false refund or rebate offers [9] Reporting and Resources - Customers who suspect fraud or feel threatened should contact local law enforcement and can find additional information on the FTC's website [11]
Are Investors Undervaluing PG&E (PCG) Right Now?
ZACKS· 2025-02-25 15:40
Core Viewpoint - The article emphasizes the importance of value investing and highlights PG&E (PCG) as a strong value stock based on various financial metrics [1][2][9] Financial Metrics - PG&E holds a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong potential for value investors [4] - The stock has a P/E ratio of 10.57, significantly lower than the industry average of 14.49, suggesting it may be undervalued [4] - PG&E's PEG ratio is 1.10, compared to the industry average of 1.83, indicating favorable growth expectations relative to its price [5] - The company has a P/B ratio of 1.45, which is lower than the industry average of 2.47, further supporting its value proposition [6] - PG&E's P/S ratio stands at 1.75, compared to the industry's average of 2.2, reinforcing its attractiveness as a value stock [7] - The P/CF ratio for PG&E is 5.15, significantly lower than the industry average of 11.82, indicating strong cash flow relative to its market value [8] Conclusion - Overall, PG&E is characterized by several favorable financial metrics that suggest it is currently undervalued, combined with a strong earnings outlook, making it an impressive value stock [9]