PG&E (US:PCG) Prnewswire·2025-07-31 10:00Core Insights - PG&E Corporation is on track to deliver solid financial results for 2025, focusing on safety and affordable energy delivery [1] - The company has updated its full year 2025 GAAP earnings guidance to a range of $1.26 to $1.32 per share, down from the previous range of $1.29 to $1.35 per share [2] - Non-GAAP core earnings guidance for 2025 is reaffirmed at $1.48 to $1.52 per share [3] Financial Performance - PG&E Corporation reported second-quarter 2025 income available for common shareholders of $521 million, or $0.24 per share, consistent with the same period in 2024 [5][6] - Non-GAAP core earnings for the second quarter of 2025 were also $0.31 per share, unchanged from the second quarter of 2024 [9] - The company achieved a 42% reduction in methane emissions in 2024 compared to a 2015 baseline, exceeding its 20% commitment [5] Operational Highlights - The data center pipeline has increased to 10 gigawatts, and the company is on track to meet or exceed a 2% non-fuel O&M reduction target [5] - PG&E has connected over 3,300 electric customers and over 2,000 new electric vehicle charging ports to its grid [5] - The company has made significant progress in wildfire safety, constructing 32 miles of underground powerlines and 103 miles of strengthened poles in high-risk areas [5] Regulatory and Compliance - PG&E submitted its smallest General Rate Case percentage increase in a decade to California regulators, expecting total residential combined gas and electric bills in 2027 to be flat compared to 2025 [5] - The U.S. Nuclear Regulatory Commission has found the Diablo Canyon Power Plant safe for continued operation for 20 more years [5]