PG&E says it might have to quintuple its utility rates [MSN Money]
Pacific Gas & Electric Co. (PCG)
Last pacific gas & electric co. earnings: 5/1 08:21 am
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Source: MSN Money
PG&E says it might have to quintuple its utility rates California utility company PG&E Corp. said in a court filing Wednday that it can't afford a federal judge's order to inspect its ergy grid and clear tre that could fall into its power lin, work it timat would cost betwe $7 billion and $0 billion. The company told the U.S. District Court in San Francisco that the judge's so-called "vegetation managemt" plan would force it to dramatically increase the rat it charg customers to employ more than 60,000 full-time employe. "PG&E would inevitably need to turn to California ratepayers for funding, rulting in a substantial increase — an timated one-year increase of more than five tim currt rat in typical utility bills," it said in the filing. The work was proposed in a Jan. 9 order by U.S. District Judge William Alsup. "The work that would be required is so labor-intsive and costly that compliance is technically and operationally infeasible," PG&E said in the court filing. "PG&E would be r
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PCG
News
- It Looks Like Shareholders Would Probably Approve PG&E Corporation's (NYSE:PCG) CEO Compensation Package [Yahoo! Finance]Yahoo! Finance
- California regulators approve flat rate for electric bills, impacting utility companies like PG&E [CBS News]CBS News
- California Rejects PG&E Bid for Minority Sale Amid KKR Talks [Yahoo! Finance]Yahoo! Finance
- California Regulators Reject PG&E Plan to Sell Generation Assets [Yahoo! Finance]Yahoo! Finance
- California Rejects PG&E Bid for Minority Sale Amid KKR Talks [Financial Post (Toronto, Ontario, Canada)]Financial Post
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