California Rejects PG&E Bid for Minority Sale Amid KKR Talks [Yahoo! Finance]
Pacific Gas & Electric Co. (PCG)
Last pacific gas & electric co. earnings: 5/1 08:21 am
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Source: Yahoo! Finance
Most Read from Bloomberg Microsoft's Xbox Is Planning More Cuts After Studio Closings ‘Seriously Underwater' Home Mortgages Tick Up Across the US Americans Are Racking Up ‘Phantom Debt' That Wall Street Can't Track Marjorie Taylor Greene Finally Got What She Deserved: Defeat PG&E said last week that it was in talks to sell the the stake in its hydroelectric, natural gas, solar and battery storage facilities to investment firm KKR & Co. The company said the transaction would reduce customer rates by $100 million over the next 20 years and improve its credit profile. PG&E has also said that the funds from a sale would help make a payment to a trust fund dedicated to paying back recovery bonds issued to cover wildfire losses. The California Public Utilities Commission voted against the proposal for a spin off and sale on Thursday, saying in its decision that PG&E hadn't shown how the move would be a superior alternative for raising capital. PG&E didn't specify the potential
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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