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Stock impact report

PG&E In Talks with KKR to Sell Minority Stake in Power Business [BNN Bloomberg (Canada)]

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
Company Research Source: BNN Bloomberg
PG&E would sell the stake in its hydroelectric, natural gas, solar and battery storage facilities as part of a plan to spin off its non-nuclear generation unit, according to a statement. PG&E didn't give an estimated sales price, saying the proposal would reduce customer rates by $100 million over the next 20 years. The California Public Utilities Commission has scheduled a vote on May 9 on a proposal that would reject the spin-off of PG&E's power business. The regulator estimated the assets are worth about $3.5 billion. ©2024 Bloomberg L.P. Top Picks Top Stories Pot stocks surge on report DEA set to reclassify marijuana Starbucks posts first sales drop since 2020 during global pullback February GDP report shows the Canadian economy losing steam Air Canada suspends new seat selection fee two days after rollout Show less Read more
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