PCG.PRA Stock Price, News & Analysis

Pacific Gas and Electric Company (PG&E) is asking customers to conserve energy today from 4 p.m. to 9 p.m. as temperatures rise 10-20 degrees above normal, increasing electricity demand. The California Independent System Operator (CAISO) has issued a Flex Alert to maintain grid reliability. Customers can participate in energy-saving actions, including adjusting thermostats and avoiding major appliance use during the alert. PG&E offers rewards for conservation through its Power Saver Rewards Program, compensating $2 per kWh saved. The company monitors conditions but does not anticipate a Public Safety Power Shutoff.

California Governor Gavin Newsom signed Senate Bill 846, allowing Diablo Canyon Power Plant (DCPP) to extend operations five years beyond its 2025 license expiration. This extension aims to enhance energy reliability and decrease greenhouse gas emissions as new renewable resources come online. PG&E will seek necessary NRC approvals and a state-authorized loan of up to $1.4 billion to support the operation. Currently, DCPP generates 2,200 megawatts, providing about 17% of California's zero-carbon electricity supply.

The California Independent System Operator (CAISO) has issued a third consecutive Flex Alert for energy conservation today from 4 p.m. to 9 p.m. due to rising temperatures and increased energy demand. Customers are encouraged to pre-cool spaces and avoid using major appliances. PG&E's Power Saver Rewards Program will reward participants with $2 for each kilowatt-hour saved during this period. Over 1.5 million PG&E customers are enrolled in energy-saving programs, which include collaboration with Tesla for a virtual power plant initiative.

Pacific Gas and Electric Company (PG&E) has launched a Power Saver Rewards Program that incentivizes customers to reduce electricity usage during state-called Flex Alerts. Customers can earn $2 per kilowatt-hour saved, with over 1.5 million already enrolled. A Flex Alert was issued for September 1, from 4 p.m. to 9 p.m., due to high energy demand caused by extreme temperatures. The program aims to alleviate pressure on the energy grid and prevent rotating power outages.

Pacific Gas and Electric Company (NYSE: PCG) is offering energy-saving tips in response to an incoming heat wave expected to affect Northern and Central California starting September 1. Customers can reduce energy costs by setting thermostats to 78 degrees or higher and using alternative cooking methods. PG&E also encourages participation in its Power Saver Rewards program, allowing customers to earn money by saving energy during peak demand. The company is monitoring grid conditions and preparing resources to manage potential outages.

Pacific Gas and Electric Company (PG&E) and its foundation have awarded $730,000 in wildfire safety grants to 66 organizations across California. These grants aim to enhance disaster preparedness by funding protective equipment for firefighters and fire safety initiatives. This funding is part of a larger $1.4 million investment in the Wildfire Safety and Preparedness Program (WSPP), which has provided a total of $6 million since its inception. The program focuses on education and resource allocation to high-risk communities.

Pacific Gas and Electric Company (PG&E) has issued a Flex Alert for Wednesday, August 17, requesting California residents to voluntarily conserve energy from 4 p.m. to 9 p.m.

The California Independent System Operator predicts increased electricity demand due to high temperatures. PG&E provides several energy-saving tips and rewards programs, encouraging customers to reduce energy use during peak hours.

Despite demand pressures, PG&E does not anticipate power outages or the need for Public Safety Power Shutoff measures.

Pacific Gas and Electric Company (PG&E) is expanding its remote grid program by deploying four new Standalone Power Systems (SPS) in 2022, with plans to increase to over 30 systems by 2026. These SPS units will replace 4.5 miles of overhead power lines, enhancing electric reliability while significantly reducing wildfire risk and associated costs. The new systems will utilize the Stellar Microgrid OS™ for remote monitoring. PG&E aims to provide more reliable energy in high-risk fire areas, following a successful model established in Briceburg, California.

Pacific Gas and Electric Company observes National 811 Day on August 11, encouraging safe digging practices. Customers and contractors are urged to call 811 at least two business days prior to digging to mark underground utility lines, helping prevent injuries and costly repairs. In 2022, there were 737 incidents of damaged utility lines, with 54% occurring when 811 was not called. The average repair cost is $3,500. The company emphasizes the importance of this precaution for safety and cost efficiency.