PG&E Pledges $18 Billion to Cut Wildfire Risk in California [BNN Bloomberg (Canada)]
Pacific Gas & Electric Co. (PCG)
Last pacific gas & electric co. earnings: 5/1 08:21 am
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finance.yahoo.com/quote/pg
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Source: BNN Bloomberg
PG&E will bury more than 2,000 miles (3,200 kilometers) of wires, install stronger utility poles, trim trees and repair equipment, it said in a statement on Monday. The company will continue to cut off power to lines struck by tree limbs and resort to preemptive blackouts during exceptionally dry and windy conditions, according a plan filed with a California energy-safety agency. Wildfires and the resulting criminal and civil liabilities have weighed heavily on PG&E for years. Blazes sparked by the utility's power lines and equipment that killed scores of people and destroyed more than a million acres pushed the company into bankruptcy in 2019. Since then, regulators have required PG&E and other investor-owned utilities to submit detailed mitigation plans. Edison International's Southern California Edison also filed a wildfire-prevention proposal with the state on Monday, saying it will continue covering conductors and burying more lines in the highest-risk locations. Edison sa
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PCG
News
- PG&E Co. (NYSE: PCG) had its price target raised by analysts at Barclays PLC from $20.00 to $21.00. They now have an "overweight" rating on the stock.MarketBeat
- PG&E First Quarter 2024 Earnings: Revenues Disappoint [Yahoo! Finance]Yahoo! Finance
- Economic And Business Impacts Of FTC's Noncompete Ban [Forbes]Forbes
- PG&E CEO Says Soaring Power Bills Are Poised to Start Dropping [BNN Bloomberg (Canada)]BNN Bloomberg
- Warren Buffett 'got it wrong' on California fire risk, PG&E CEO says [Seeking Alpha]Seeking Alpha
PCG
Earnings
- 4/25/24 - Beat
PCG
Sec Filings
- 4/25/24 - Form 8-K
- 4/25/24 - Form 10-Q
- 4/4/24 - Form ARS
- PCG's page on the SEC website