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Stock impact report

California governor wants rebates for PG&E customers hit by outages [Seeking Alpha]

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: Seeking Alpha
Seeking Alpha Energy California governor wants rebates for PG&E customers hit by outages Oct. 14, 2019 10:53 PM ET | PG&E Corporation (PCG) Carl Surran California's utilities regulator ripped Pacific Gas and Electric (NYSE: failures in execution provide credits or rebates The California Public Utilities Commission said PG&E should accelerate the restoration of power after future planned outages with a goal of less than 12 hours, similar to the time required after major storms and not the utility's current 48-hour goal. The PUC also wants PG&E to staff up call centers and improve its website to make sure they can handle high traffic, after many people said they did not know the power would be cut and that the company's website frequently crashed. In letters to the company and the PUC, Newsom asked PG&E CEO Bill Johnson to provide affected customers with an automatic credit or rebate of $100 per residential customer and $250 per small business, to be funded by the company's shareholder Show less Read more
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