Whatever PG&E Does, Markets Can't Ignore Newsom's Letter [Yahoo! Finance News]
Pacific Gas & Electric Co. (PCG)
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Source: Yahoo! Finance News
Opinion) -- Another frantic weekend at PG&E Corp. Another Monday-morning bungee jump with a broken rope for the stock. And another imminent deadline. California Governor Gavin om’s Friday-night rejection letter to the bankrupt utility dashed the hopes of bulls who had bid up the stock last week on the back of PG&E’s wildfire-damages settlement with tort claimants. The thinking was that, with the clock ticking toward June 2020 — effectively a deadline for PG&E’s emergence from chapter 11 — such settlements would compel the governor to hold his nose on gains for the hedge funds driving the process and opt to get the whole issue off his desk. Judging from his letter, the thinking was off somewhat. om’s objections fall into two buckets. The first, regarding governance and management, is actually the easiest to resolve. It’s mystifying why, almost a year into the bankruptcy, PG&E hasn’t done so. Given the obvious depth of feeling against the company, populating the board with safety expert
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- New head of LADWP will make $750,000 a year — nearly twice as much as her predecessor [Los Angeles Times (CA)]Los Angeles Times
- 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
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