UPDATE 2-California governor demands PG&E accountability for mismanaging power shutoffs [Reuters]
Pacific Gas & Electric Co. (PCG)
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Source: Reuters
California governor demands PG&E accountability for mismanaging power shutoffs - Reuters 3 Min Read LOS ANGELES (Reuters) - California Governor Gavin Newsom said on Monday that utility Pacific Gas and Electric Co should be held accountable for mismanaging last week’s widespread power shutoffs and urged the company to provide credits or rebates to affected customers. The utility, a unit of PG&E Corp ( PCG.N ), cut off electricity to more than 730,000 homes and workplaces in northern California last week in a bid to reduce wildfire risks posed by extremely windy, dry weather. The precautionary shutdown, unprecedented in its scope, has been widely criticized as being haphazardly conducted on too large a scale with insufficient advance notice to affected customers. On Thursday, the governor said the power outage followed years of mismanagement by the utility and branded its handling as “unacceptable.” PG&E Chief Executive Bill Johnson publicly acknowledged that day that his company had
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PCG
Earnings
- 2/22/24 - Beat
PCG
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- 3/19/24 - Form 4
- 3/19/24 - Form 4
- 3/5/24 - Form 4
- PCG's page on the SEC website