PG&E price hikes has homebuyers looking outside of company's territory [CBS News]
Pacific Gas & Electric Co. (PCG)
Last pacific gas & electric co. earnings: 5/1 08:21 am
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Source: CBS News
The change will add about an average of $5 a month to customers' bills. That's on top of historic hikes that went into effect just two months ago. The back-to-back rate hikes even have people looking to buy a home outside PG&E's coverage territory. "This is deja vu all over again," says California Rep. Josh Harder. Folks are fed up. "I'm tired of the rate hikes," says PG&E customer Lisa Woods. "I don't think I can say what I want to say here on TV," says another PG&E customer Sam Cieri. The California Public Utilities Commission (CPUC) approved the price increase, which will go into effect April 1. "We're talking about a $5 a month increase on top of the $38 increase that went into effect on January 1. The customers of PG&E deserve an explanation," said Mark Toney, executive director of the Utility Reform Network PG&E saw $2 billion in profits last year. "I think this has become a real decision for people to make about whether or not they even want to live in PG&E j
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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