PG&E in Talks with KKR to Sell Minority Stake in Power Unit [Yahoo! Finance 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: Yahoo! Finance Canada
Most Read from Bloomberg The California utility announced it 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. The company didn't give an estimated sales price, but said the transaction would reduce customer rates by $100 million over the next 20 years. ADVERTISEMENT The announcement comes as PG&E plans to invest an estimated $62 billion from 2024 through 2028 to support its wildfire prevention work and grid upgrades. The company has come under mounting scrutiny for raising customer bills to finance its work, which includes efforts to reduce the risk of its lines sparking another catastrophic wildfire. PG&E was driven into bankruptcy in 2019 after its broken equipment set off a number of fires, including the deadliest in state. Read More: PG&E Chief Says Soaring Power Bills Poised to Start Dropping The California Public Utilities Commission scheduled a vote for May 9 to
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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
- 5/21/24 - Form 4
- 5/21/24 - Form 4
- 5/21/24 - Form 4
- PCG's page on the SEC website