PG&E warns of 10 years of power shut-offs. California officials don't like it [Los Angeles Times (CA)]
Pacific Gas & Electric Co. (PCG)
Last pacific gas & electric co. earnings: 5/1 08:21 am
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Source: Los Angeles Times
California residents face up to 10 years of widespread, precautionary forced power shut-offs until Pacific Gas & Electric Corp., the bankrupt utility giant, will be able to prevent its power transmission lines from sparking fires, the company’s top official said. The sobering projection came from company Chief Executive William D. Johnson at an emergency meeting Friday of the California Public Utilities Commission in San Francisco. While the need for widespread shutdowns should lessen every year, Johnson told commissioners, “I think this is probably a 10-year timeline to get to a point where it’s really ratcheted down significantly.” Between June and early October, PG&E carried out four power shut-offs. The largest — and most criticized — was from Oct. 9 through Oct. 12, affecting 738,000 customers in 35 counties radiating out from the Sacramento area. Food spoiled, traffic signals died, cellphones faded out. Schools and businesses came to a standstill and frustrations grew into conce
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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