Want to buy bankrupt PG&E? California's governor is seeking bids [Business News Network (BNN) Energy & Resources (Canada)]
Pacific Gas & Electric Co. (PCG)
Last pacific gas & electric co. earnings: 5/1 08:21 am
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Source: Business News Network
Want to buy bankrupt PG&E? California's governor is seeking bids Bankrupt utility giant PG&E Corp. has said its assets aren’t for sale. Don’t tell California’s governor that. While attending a conference in San Francisco on Tuesday, Governor Gavin Newsom said he had encouraged San Francisco to make its US$2.5 billion bid to buy PG&E’s power operations within the city’s limits. And he wants to see more offers. “I back more competition,” he said. “I am very specifically encouraging others to come into this space and to make some bids. We want to create a competitive space -- and all of it with an eye on different approaches.” Newsom has called for a major reorganization of San Francisco-based PG&E since the company orchestrated a massive blackout that plunged more than two million people into darkness last week -- a measure it took to keep power lines from sparking the kind of catastrophic wildfires that forced it into bankruptcy in January. PG&E has drawn outrage from customers and pol
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PCG
News
- PG&E CEO Says Soaring Power Bills Are Poised to Start Dropping [BNN Bloomberg (Canada)]BNN Bloomberg
- Warren Buffett 'got it wrong' on California fire risk, PG&E CEO says [Seeking Alpha]Seeking Alpha
- ‘Buffett Got it Wrong' on California Fire Risk, PG&E CEO Says [BNN Bloomberg (Canada)]BNN Bloomberg
- UPDATE 1-PG&E beats quarterly profit view, eyes electricity demand growth [Yahoo! Finance]Yahoo! Finance
- PG&E beats quarterly profit view, raises annual forecast [Reuters]Reuters
PCG
Earnings
- 4/25/24 - Beat
PCG
Sec Filings
- 4/25/24 - Form 8-K
- 4/25/24 - Form 10-Q
- 4/4/24 - Form ARS
- PCG's page on the SEC website