PCG.PRA Stock Price, News & Analysis

Pacific Gas and Electric Company (PG&E) and The PG&E Corporation Foundation announced a total of $900,000 in grants aimed at supporting climate resilience efforts in California communities. The funding is allocated through two programs: the Better Together Nature Positive Innovation grant program, providing $500,000 to five organizations for biodiversity and environmental projects, and the Resilience Hubs grant program, which awards $400,000 to seven organizations for establishing climate resilience hubs. Both initiatives prioritize disadvantaged communities.

Pacific Gas and Electric Company (PG&E) has contributed $325,000 to support the REACH program, which assists customers struggling to pay energy bills. Over the past five years, PG&E has donated over $2 million to the program. With the current funding, REACH aims to help vulnerable customers in Northern and Central California, having disbursed approximately $4.3 million in grants since 2017. Customers can also make donations via their bills to further aid the program.

Pacific Gas and Electric Company (PCG) is preparing for a significant weather system impacting Northern and Central California this weekend. Meteorologists predict rain, gusty winds, heavy snow, and potential thunderstorms. PG&E emphasizes the importance of customer preparedness for possible power outages.

The company has activated its Emergency Operations Center to allocate resources effectively for storm-related outages. PG&E urges customers to stay informed and follow safety tips during adverse weather, including treating downed power lines as dangerous and using generators safely.

Pacific Gas and Electric Company (PCG) has launched a pre-enrollment website for customers interested in participating in three Vehicle-to-Everything (V2X) pilot programs. These initiatives will incentivize over 1,000 customers to utilize bidirectional EV charging technology, allowing electric vehicles to act as mobile batteries. The programs aim to support 3 million EVs by 2030, with over 2 million having vehicle-to-grid capabilities. Financial incentives for residential participants may reach up to $2,500, while commercial participants could receive up to $4,500.

PG&E Corporation Foundation has donated $400,000 to the California Restaurant Foundation (CRF) to help local restaurants recover from the pandemic. This funding will provide $3,000 grants to 114 restaurants across 23 counties in PG&E's service area. The contribution aims to support equipment upgrades and employee retention amidst ongoing staffing challenges. This year's total support for CRF has reached $1.4 million, benefiting 367 local restaurants and ensuring their sustainability during the holiday season.

Pacific Gas and Electric Company has completed its second green bond issuance worth $983.4 million aimed at financing electric system improvements, notably in wildfire safety. This issuance, analyzed by S&P Global Ratings, is set to yield approximately $300 million in customer savings compared to traditional financing methods. The bonds will help enhance the electric system's safety and environmental sustainability, aligning with PG&E's commitment to affordability and environmental stewardship.

Pacific Gas and Electric Company (PG&E) is preparing for severe weather in Northern and Central California this week, which could lead to potential power outages. Meteorologists forecast a significant weather system bringing rain, mountain snow, and wind gusts up to 45 mph. PG&E is stockpiling essential equipment and may activate local emergency centers for efficient resource allocation. They urge customers to create emergency plans as the storm could cause trees and debris to disrupt power lines. The company leverages a Storm Outage Prediction Model to enhance its response capabilities.

Pacific Gas and Electric Company (PCG) emphasizes energy efficiency during the holiday season. With increased energy demand due to cold weather and holiday lights, the company offers customers practical tips to save money and energy. Key suggestions include lowering thermostats, upgrading to LED lighting, insulating water heaters, sealing drafts, and using microwaves for reheating. These measures aim to foster lifelong energy-saving habits among customers. The company also invites customers to take its Home Energy Checkup for personalized insights on energy usage.

Pacific Gas and Electric Company has appointed David McCulloch as the new Vice President and Chief Marketing and Communications Officer, effective immediately. McCulloch brings 20 years of experience in corporate communications and marketing, previously working at companies including Hitachi and General Electric. His role will focus on enhancing communication with PG&E's 16 million customers in California, emphasizing the company's safety progress, energy efficiency programs, and climate goals.