PG&E Set to Sell Power Assets to Global Investor KKR [Yahoo! Finance]
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: Yahoo! Finance
has holdings in several business sectors, including energy and infrastructure. San Francisco-based PG&E has been seeking money to pay for wildfire mitigation work across its service territory, and for other capital expenditures. The utility filed bankruptcy in 2019 after its equipment was deemed responsible for causing deadly wildfires in 2017 and 2018 in Northern California. The company's bankruptcy restructuring requires PG&E to raise debt and equity. The utility is seeking ways to finance a plan for projects that could reach $62 billon between 2024 and 2028. The Wall Street Journal on April 30 reported that PG&E wants regulatory approval to move some natural gas-fired, solar power, and battery energy storage facilities, along with the utility's hydropower system, into a spinoff company called Pacific Generation. It then intends to sell 49.9% of that group to KKR. PG&E has said the assets are valued at about $3.5 billion. This story will be updated. — Darrell Proctor is a senior ass
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PCG
News
- Boiling Point: Six months until November, climate change looms large [Los Angeles Times (CA)]Los Angeles Times
- Electricity Demand By AI Overhyped, Ignores Efficiency Gains [Forbes]Forbes
- How PG&E Is Reducing Wildfire Risks Using Satellite Imagery [Yahoo! Finance]Yahoo! Finance
- 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
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