Electric companies overspend by billions, driving up utility bills, report finds [USA TODAY]
Pacific Gas & Electric Co. (PCG)
Last pacific gas & electric co. earnings: 5/1 08:21 am
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Source: USA TODAY
Electric companies overspend by billions, driving up utility bills, report finds CONNECT11 TWEET11 LinkedIn11 COMMENT11 EMAIL11 MORE11 Electric utilities across the United States are overspending by billions as they’ve ramped up spending on aging transmission lines and other equipment, recent reviews show, with no competition and no upfront scrutiny in many cases. That means higher electric bills for customers forced to pay off the costs, critics charge. And lives could be saved, as well as dollars, experts add, if rather than merely replacing hulking, out-of-date equipment, innovative technology was installed in wildfire prone areas, for instance. “Big picture: You can save lots of money potentially by having these technologies included,” said Jon Wellinghoff, former chairman of the Federal Energy Regulatory Commission. " And potentially yes ... you could save lives." An estimated $8 billion in savings in five years could be achieved if just a third of all major transmission projects
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PCG
News
- PG&E (PCG) to Report Q1 Earnings: Here's What to Expect [Yahoo! Finance]Yahoo! Finance
- PG&E Co. (NYSE: PCG) had its price target raised by analysts at JPMorgan Chase & Co. from $18.00 to $19.00. They now have a "neutral" rating on the stock.MarketBeat
- Economic Growth, Labor Productivity And Investment [Forbes]Forbes
- California legislators prepare to vote on utility spending crackdown [CBS News]CBS News
- PG&E Customers' Electricity 100% Greenhouse Gas-Free in 2023 [Yahoo! Finance]Yahoo! Finance
PCG
Earnings
- 2/22/24 - Beat
PCG
Sec Filings
- 4/4/24 - Form ARS
- 4/4/24 - Form DEFA14A
- 4/4/24 - Form DEF
- PCG's page on the SEC website