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PG&E (PCG) - 2023 Q2 - Earnings Call Presentation
2023-07-28 00:44
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 ...
PG&E (PCG) - 2023 Q2 - Earnings Call Transcript
2023-07-27 19:38
PG&E Corporation (NYSE:PCG) Q2 2023 Earnings Conference Call July 27, 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 David Arcaro - Morgan Stanley Julien Dumoulin-Smith - Bank of America Ryan Levine - Citi Operator Ladies and gentlemen thank you for standing by. My name is Brent and I will be your confer ...
PG&E (PCG) - 2023 Q2 - Quarterly Report
2023-07-26 16:00
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 anticipated to enhance operational efficiency, with expected cost synergies of $G million annually[10] - The company is investing $H million in research and development to drive future growth and technological advancements[10] User Engagement - User data showed an increase in active users to Z million, up A% year-over-year, indicating strong customer engagement[10] Market Expansion - The company is expanding its market presence in region E, aiming for a market share increase of F% by the end of the fiscal year[10] Sustainability and Compliance - The management highlighted a commitment to sustainability, with plans to reduce carbon emissions by I% over the next five years[10] - Regulatory compliance remains a priority, with ongoing efforts to address potential liabilities related to wildfire risks and safety standards[10] - The Utility's compliance with environmental regulations and the associated costs for greenhouse gas emissions and renewable energy targets are critical for future operations[21] - The company is navigating significant regulatory changes and compliance costs related to environmental standards and wildfire mitigation measures[22] Operational Risks - The Utility is facing significant risks from cyber and physical attacks, which could lead to operational disruptions and financial losses[21] - The Utility's ability to manage costs is under scrutiny, with concerns about unrecoverable costs exceeding forecasts due to inflation and changes in customer demand[22] - The impact of severe weather events and natural disasters on operational reliability and service delivery is a critical risk factor[21] - The Utility's financial condition is influenced by its substantial indebtedness and the limitations it imposes on operational flexibility[22] Wildfire Management - PG&E Corporation has $1.385 billion in fire risk mitigation capital expenditures that may be securitized, impacting future financial flexibility[22] - The ongoing litigation and claims related to wildfire incidents could affect the financial condition and operational capabilities of PG&E Corporation[22] - 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[20] - The Utility has incurred significant costs related to wildfire damages, with potential liabilities from investigations and fines still uncertain[20] - The Utility's ability to recover costs through the Wildfire Fund and other third parties remains a key concern, particularly in light of recent wildfires[20] Emergency Preparedness - The Utility's emergency preparedness and response effectiveness to severe weather events are essential to mitigate potential liabilities and service disruptions[21] Financial Reporting and Transparency - PG&E Corporation's annual and quarterly reports are available free of charge on their websites after filing with the SEC[23] - PG&E Corporation routinely provides links to regulatory proceedings and other investor information on their investor relations website[23] - PG&E Corporation aims to publicly disseminate information regarding dividends and safety updates for investor awareness[23] - The Utility is required to submit an electric incident report for incidents causing property damage exceeding $50,000 or resulting in fatalities or significant public attention[23] - The reporting requirements for electric incidents are limited and may not include all relevant information at the time of the report[23] - PG&E Corporation emphasizes the importance of timely reporting for incidents related to their electric facilities[23] - The Utility's incident reporting includes information that may be deemed material but is limited in scope[23] - The information on the investor relations website is not part of any SEC filings[23] - The Utility's incident reports are submitted within specific time frames based on the severity of the incident[23]
PG&E (PCG) - 2023 Q1 - Earnings Call Transcript
2023-05-04 17:14
PG&E Corporation (NYSE:PCG) Q1 2023 Earnings Conference Call May 4, 2023 11:00 AM ET Company Participants Jonathan Arnold - VP, IR Patricia Poppe - CEO & Director Chris Foster - EVP & CFO Carolyn Burke - EVP Finance, Incoming CFO Conference Call Participants Steven Fleishman - Wolfe Research Shahriar Pourreza - Guggenheim Securities Julien Dumoulin-Smith - Bank of America Anthony Crowdell - Mizuho Securities Ryan Levine - Citigroup Operator Good morning. My name is Audra, and I will be your conference oper ...
PG&E (PCG) - 2023 Q1 - Quarterly Report
2023-05-03 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C., 20549 FORM10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE ☒ SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedMarch 31, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE ☐ SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________ Exact Name of Commission Registrant State or Other IRS Employer File as Specified Jurisdiction of Identification Number in its Charte ...
PG&E (PCG) - 2022 Q4 - Earnings Call Transcript
2023-02-23 21:05
PG&E Corp (NYSE:PCG) Q4 2022 Earnings Conference Call February 23, 2023 11:00 AM ET Company Participants Jonathan Arnold - VP, IR Patricia Poppe - CEO & Director Christopher Foster - EVP & CFO Conference Call Participants Shahriar Pourreza - Guggenheim Securities Steven Fleishman - Wolfe Research Julien Dumoulin-Smith - Bank of America Merrill Lynch David Arcaro - Morgan Stanley Gregg Orrill - UBS Richard Sunderland - JPMorgan Chase & Co. Nicholas Campanella - Crédit Suisse Ryan Levine - Citigroup Operator ...
PG&E (PCG) - 2022 Q4 - Annual Report
2023-02-22 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________________________ FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2022 ☐ 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 ...
PG&E (PCG) - 2022 Q3 - Earnings Call Transcript
2022-10-27 21:42
PG&E Corporation (NYSE:PCG) Q3 2022 Earnings Conference Call October 27, 2022 11:00 AM ET Company Participants Matthew Fallon - Senior Director of Investor Relations Patricia Poppe - Chief Executive Officer Chris Foster - Executive Vice President and Chief Financial Officer Conference Call Participants Shahriar Pourreza - Guggenheim Partners Steven Fleishman - Wolfe Research Julien Dumoulin-Smith - Bank of America Michael Lapides - Goldman Sachs Nicholas Campanella - Credit Suisse Financial Services Gregg O ...
PG&E (PCG) - 2022 Q3 - Quarterly Report
2022-10-26 16:00
(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, 2022 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 94-3234914 1-2348 ...
PG&E (PCG) - 2022 Q2 - Earnings Call Presentation
2022-07-28 23:07
PG&E Corporation. PGSE 2022 SECOND QUARTER EARNINGS July 28, 2022 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 2022 non-GAAP core earnings), equity needs, rate base growth, capital expenditures, expense reductions, wildfire risk mitigation, and regulatory developments. These statements and other stat ...