California Regulators Reject PG&E Plan to Sell Generation Assets [Yahoo! Finance]
Pacific Gas & Electric Co. (PCG)
Last pacific gas & electric co. earnings: 5/1 08:21 am
Check Earnings Report
US:NYSE Investor Relations:
finance.yahoo.com/quote/pg
Company Research
Source: Yahoo! Finance
Oakland-based PG&E, which has been seeking to raise money for future operations and to help recover from financial losses due to a series of California wildfires, wanted regulatory approval to move its hydropower, natural gas, solar, and battery energy storage assets to a new subsidiary called Pacific Generation. PG&E recently said it was working on an exclusive deal to sell a minority stake (49.9%) of that subsidiary to KKR , one of the world's largest infrastructure investors. The deal was estimated to be worth $3.5 billion. The California Public Utilities Commission on Thursday rejected the deal, saying "PG&E has done no substantive analysis to support the claim that the proposed transaction will be a superior alternative" to other ways to fund its operational plan. PG&E said it had negotiated the sale as a way to address its financial challenges, which include trying to raise debt and equity after a complex bankruptcy restructuring in the wake of the wildfires that were blamed on
Show less
Read more
Impact Snapshot
Event Time:
PCG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PCG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PCG alerts
High impacting Pacific Gas & Electric Co. news events
Weekly update
A roundup of the hottest topics
PCG
News
- I Received a Windfall I Didn't Want or Need: Here's What I Did With It [Yahoo! Finance]Yahoo! Finance
- 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
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