PG&E beats quarterly profit view, raises annual forecast [Reuters]
Pacific Gas & Electric Co. (PCG)
Last pacific gas & electric co. earnings: 5/1 08:21 am
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US:NYSE Investor Relations:
finance.yahoo.com/quote/pg
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Source: Reuters
earnings forecast on Thursday, helped by lower operating expenses, wildfire-related costs and higher tariffs. Last year, California Public Utilities Commission (CPUC) voted on a rise in the utility's base rate case that would raise customer bills by . Utility companies use rate case proceedings to increase consumer electricity prices, asking for a rate increase based on the total service cost. The company's operating expenses were down 17% to $4.59 billion in the quarter compared to the same quarter a year earlier, partly due to lower fuel costs. Lower costs related to the Wildfire Fund amortization expense also helped the earnings of the company. In January, the CPUC also a $45 million settlement for the utility's part in the destructive 2021 Dixie wildfire, which in 2021 resulted in more than 963,000 acres being burned across multiple counties. Reuters Graphics The Oakland, California-based company raised its 2024 GAAP earnings forecast range to $1.15 to $1.20 per share,
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PCG
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PCG
Earnings
- 4/25/24 - Beat
PCG
Sec Filings
- 5/1/24 - Form 4
- 4/30/24 - Form 144
- 4/25/24 - Form 8-K
- PCG's page on the SEC website