Anger builds over sweeping change in the way most Californians will pay for electricity [Los Angeles Times (CA)]
Pacific Gas & Electric Co. (PCG)
Last pacific gas & electric co. earnings: 5/1 08:21 am
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Source: Los Angeles Times
The legislation was what Pacific Gas & Electric had asked for from the state public utilities commission three months before: a transformation of electric rates so that households would pay a fixed charge each month in exchange for lower rates for each kilowatt hour they used. Gov. Gavin Newsom submitted the bill as part of a massive 2022 budget revision. In four days, it was passed out of an Assembly committee hearing without discussion, approved by the full Assembly and Senate and signed by Newsom. The state's three largest investor-owned power companies that pushed for the change say it will encourage Californians to ditch cars and appliances that run on planet-warming fossil fuels and replace them with vehicles, stoves and heaters that operate on electricity from solar panels and wind turbines. They also say the new monthly fee would allow them to more evenly allocate fixed costs among customers. But opponents say the legislation was a financial gift to PG&E, Southern Calif
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PCG
News
- Dates Set for PG&E Quarterly Stock DividendsPR Newswire
- PG&E Co. (NYSE: PCG) had its price target raised by analysts at Mizuho from $21.00 to $23.00. They now have a "buy" rating on the stock.MarketBeat
- Voice Assistant Builder PolyAI Closes $50 Million Series C; Backers Include Hedosophia, Nvidia and Khosla Ventures [Yahoo! Finance]Yahoo! Finance
- Why your electricity bill might go up as early as next year [Los Angeles Times (CA)]Los Angeles Times
- PG&E Recognized for Remote Grid Program [Yahoo! Finance]Yahoo! Finance
PCG
Earnings
- 4/25/24 - Beat
PCG
Sec Filings
- 5/7/24 - Form 4
- 5/1/24 - Form 4
- 4/30/24 - Form 144
- PCG's page on the SEC website