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-0.000319636788237317 -0.00064579677623468 -0.0019504367282239 -0.00162427674022654 0.00163732313974652 0.00163732313974652 0.000658843175754542 0.000658843175754542
Stock impact report

How PG&E aims to rebuild trust after wildfire-related rate hikes and blackouts [Los Angeles Times (CA)]

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
California's largest utility finds itself under attack, five years after it emerged from bankruptcy. Billionaire investor Tom Steyer, now running for governor, airs TV ads pledging to end the company's monopoly and make electricity more affordable. Officials in PG&E's former hometown of San Francisco, angered by a recent blackout that darkened a third of the city, want to seize its equipment. Poppe, the utility's chief executive officer since 2021, says PG&E is focused on delivering reliable service and steady bills, after years of increases. Those elements are key to winning back customer trust, battered after a string of devastating wildfires blamed on the company's equipment. “Our answer has to be performance, and performance is power,” she said, during an interview with Bloomberg News in San Francisco. “Our customers have made it clear they do want bills to stabilize.” PG&E's electric rates more than doubled between 2016 and 2024, as the state ordered the company to pour more Show less Read more
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