Updated website provides faster, more complete outage information OAKLAND, Calif., Feb. 2, 2024 /PRNewswire/ -- With many customers still drying out from rains earlier this week, Pacific Gas and Electric Company (PG&E) is preparing for a stronger storm forecasted to arrive Sunday. The storm, which meteorologists are calling an atmospheric river event, is expected to bring heavy rain, strong winds and potential power outages to customers across Central and Northern California. The storm is expected to have t ...

OAKLAND, Calif., Jan. 16, 2024 /PRNewswire/ -- Kaled Awada, a 20-plus-year human resources executive with global energy and automotive corporations, has been named Executive Vice President, Chief People Officer of PG&E Corporation and its subsidiary, Pacific Gas and Electric Company (together, "PG&E"), effective today. Kaled Awada Named Chief People Officer, Brings 20-Plus Years of Human Resources Leadership in Automotive, Energy Industries Awada will lead PG&E's People organization, responsible for att ...

Up to a $1,000 Bill Credit Available for Income-Eligible Households in 2024  OAKLAND, Calif., Jan. 9, 2024 /PRNewswire/ -- In an effort to support even more customers in paying their energy bills, Pacific Gas and Electric Company (PG&E) has contributed $55 million to support the Dollar Energy Fund, marking an unprecedented expansion of the Relief for Energy Assistance through Community Help (REACH) program. The REACH program helps income-eligible families pay their energy bill during a crisis, by providing ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Pixabay/CC0 Public Domain Bay Area rooftop-solar businesses are reeling from a statewide change that gutted compensation for homeowners returning surplus power to the electrical grid, causing applications for new solar to plunge to a 10-year low and leading to layoffs in an industry that had expected to lead the vanguard ...

Application Deadline is March 15, 2024 OAKLAND, Calif., Jan. 4, 2024 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) announced today that scholarship applications are now being accepted for college-bound high schoolers as well as current college and continuing education students with a primary residence in Northern and Central California. More than $200,000 is being made available through scholarships created by PG&E's 11 employee resource groups (ERG) and two engineering network groups (ENG). These ...

PG&E Corporation Business Update Call Summary Company Overview - **Company**: PG&E Corporation (NYSE: PCG) - **Date of Call**: November 28, 2023 - **Participants**: - Jonathan Arnold - Vice President of Investor Relations - Patti Poppe - Chief Executive Officer - Carolyn Burke - Executive Vice President and Chief Financial Officer Key Highlights Industry and Regulatory Updates - The California Public Utilities Commission (CPUC) voted unanimously (5-0) on a revised decision in PG&E's 2023 General Rate Case (GRC), setting utility-based revenue requirements for 2023-2026 [6][10] - This GRC is significant as it is the first four-year GRC covering both electric and gas for California's largest utility [6] Financial Performance and Guidance - PG&E is on track to meet its non-GAAP core earnings per share (EPS) guidance for 2023, with a revised range of $1.20 to $1.23, up from the previous $1.19 to $1.23 [6][7] - For 2024, PG&E introduced a guidance range of $1.31 to $1.35, maintaining a commitment to at least 10% EPS growth for both 2023 and 2024 [7] - The company reaffirmed a commitment to at least 9% core EPS growth for 2025 and 2026 [7] Dividend Reinstatement - PG&E's Board approved the reinstatement of a common dividend, declaring an initial quarterly payment of $0.01 per share, payable on January 15, 2024 [8] - The company had not paid dividends for nearly six years, with earnings retained for reinvestment into the system [8] - Future dividend growth is expected to align with earnings growth, potentially exceeding it due to the low starting point [9][34] Capital Investment and Recovery - PG&E plans to prioritize critical customer investments while maintaining a focus on improving credit ratings [9][12] - The GRC decision includes significant funding for wildfire mitigation programs and system hardening, with an increase in undergrounding mileage to 1,230 miles [10] - PG&E expects to file a 10-year undergrounding plan under SB 884 by mid-2024 [11] Cost Management and Operational Efficiency - PG&E targets average annual increases in customer bills of 2% to 4% through 2026, with a focus on achieving at least 2% savings annually in non-fuel O&M [13][44] - The company aims to reduce operating expenses while ensuring robust infrastructure to support customer needs [44] Future Outlook and Strategic Initiatives - PG&E is committed to restoring investment-grade credit ratings and plans to pay down at least $2 billion of parent debt by 2026 [9][54] - The company is optimistic about the potential for asset sales if necessary, but currently has no immediate plans [31] - PG&E is focused on maintaining a disciplined approach to capital spending and recovery processes [37] Upcoming Catalysts - Key upcoming regulatory decisions include the final decision for the 2023 wildfire mitigation plan and the proposed decision on the Pacific Generation sales structure [14] - PG&E anticipates further updates on its financial and operational plans during the year-end earnings call in February [14] Conclusion - PG&E Corporation is positioned for growth with a clear path to achieving its financial targets while addressing regulatory requirements and customer needs. The reinstatement of dividends marks a significant milestone in the company's recovery journey, and ongoing investments in infrastructure are expected to support long-term growth and stability.

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 2023 and 2024 non-GAAP core earnings), equity needs, rate base growth, capital expenditures, cost reductions, wildfire risk mitigation, and regulatory developments. These statements and other statements that are not purely historical constitute forward-looking statements that are nece ...

PG&E Corporation. (NYSE:PCG) Q3 2023 Earnings Conference Call October 26, 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 Steven Fleishman - Wolfe Nicholas Campanella - Barclays Julien Dumoulin-Smith - Bank of America Gregg Orrill - UBS Ryan Levine - Citi Richard Sunderland - JPMorgan Operator Hello. My n ...

FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________ Commission File Number Exact Name of Registrant as Specified in its Charter State or Other Jurisdiction of Incorporation IRS Employer Identification Number 1-12609 PG&E Corporation California 94-32349 ...

PG&E Corporation. 2023 SECOND QUARTER EARNINGS Investing in California's Prosperity July 27, 2023 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 2023 and 2024 non-GAAP core earnings), equity needs, rate base growth, capital expenditures, cost reductions, wildfire risk mitigation, and regulatory developme ...