PG&E Us Stock Price, News & Analysis

PG&E (PCG) participated in California's first autonomous wildfire suppression demonstration, featuring a Black Hawk® helicopter equipped with Lockheed Martin and Rain autonomy systems. The demonstration, held in the Silverwood region, showcased the helicopter's ability to autonomously track fires, collect water, and extinguish ignitions using tablet control.

The company is involved in a research project through the Electric Program Investment Charge (EPIC) program, exploring drone-enabled and autonomous wildfire suppression technologies. PG&E is also a Co-Title sponsor of the XPRIZE Wildfire competition, an $11 million initiative spanning four years to develop autonomous fire detection and suppression capabilities. The competition includes two tracks: Autonomous Wildfire Response and Space-Based Wildfire Detection & Intelligence.

Pacific Gas and Electric (PG&E) is accelerating electric vehicle (EV) adoption among customers with limited financial resources to meet California's climate goals and potentially lower electric rates. The company has helped over 13,000 income-qualified customers through their Pre-Owned EV Rebate Program, offering up to $4,000 in rebates.

With over 700,000 EVs in PG&E's service area (1 in 8 EVs nationwide), the company aims to serve 3 million EVs by 2030. PG&E estimates the next million EVs could reduce residential electric rates by 2-3%. Income-qualified customers can charge EVs for as low as $1.88 per gallon equivalent during off-peak hours.

Key initiatives include:

• 50-100% rebates on Level 2 residential charging equipment
• EV Charge Manager program with $75 reward
• Three Time-of-Use rate plans for cost savings
• Upcoming pilots for affordable public charging and electrical panel upgrades

PG&E introduces innovative Flexible Service Connection (Flex Connect) solution to speed up EV charger and battery connections to the power grid. This cloud-based system allows customers to connect without waiting for infrastructure upgrades by managing power demand based on availability.

Key achievements include:

• Helped Tesla connect two new Supercharger sites in California, enabling 2MW power delivery with flexible capacity during peak times
• Enabled PepsiCo to expand its EV semi-truck fleet from 30 to 50 vehicles 18 months ahead of schedule, reducing CO2 emissions by 8,000 tons
• Connected Revel EV chargers in San Francisco, Oakland, and South San Francisco

The system uses Distributed Energy Resource Management System (DERMS), developed with Microsoft and Schneider Electric, to coordinate power demand. PG&E plans to expand DERMS for load management programs and battery storage systems, with new installations planned in Yuba City and Kern County by mid-2025.

PG&E highlights its drone fleet operations ahead of National Drone Safety Day (April 26), showcasing how autonomous aerial systems enhance their infrastructure inspection capabilities. In 2024, the company conducted over 250,000 drone inspections of distribution structures and 42,000 missions on transmission equipment across Northern and Central California.

The drones, operated by FAA-licensed pilots, enable close inspection of assets to identify potential risks and necessary repairs. The company emphasizes its commitment to customer privacy, stating that drone operations are strictly to infrastructure inspection, avoiding imagery of private property.

PG&E implements a comprehensive notification system for drone operations, alerting customers through their preferred communication method and Nextdoor. All flights are registered through PG&E's aviation dispatch center FlightCore to prevent conflicts with other air traffic.

PG&E (NYSE: PCG) reported first-quarter 2025 financial results with GAAP earnings of $0.28 per share, down from $0.34 in Q1 2024. Non-GAAP core earnings were $0.33 per share, compared to $0.37 in the previous year. The company updated its 2025 GAAP EPS guidance to $1.29-$1.35 and reaffirmed non-GAAP core EPS guidance at $1.48-$1.52.

Operational highlights include:

• Average residential electric rates lower than previous year
• Connected over 3,000 new electric customers and nearly 400 EV charging ports
• Constructed 24 miles of underground powerlines and 26 miles of strengthened poles
• On track for 2% non-fuel O&M reduction target
• Equity needs satisfied for $63 billion five-year capital plan through 2028

PG&E Foundation has announced its fifth consecutive year of support for independent restaurants through the California Restaurant Foundation's (CRF) Restaurants Care Resilience Fund. The foundation is contributing $1.1 million to provide $5,000 grants to 188 restaurants and commercial caterers in Northern and Central California, an increase from 154 recipients last year.

Since 2021, PG&E and its Foundation have contributed $4.3 million to the fund, benefiting 863 restaurants. The grant applications are open until April 26, 2025, for California-based restaurant owners and commercial caterers in PG&E's service area with annual revenue under $3 million per location.

The CRF's Restaurants Care Resilience Fund will distribute nearly $3.5 million in total restaurant grants across California, including dedicated support for Los Angeles fire-impacted restaurants. Grants can fund technology upgrades, equipment, employee training, and help with unforeseen hardships.

PG&E and Westbank have announced significant progress in developing Silicon Valley's innovative net-zero community in San Jose. The project will combine three data centers with up to 4,000 residential units, utilizing excess heat from the data centers through a district energy system to heat and cool surrounding buildings.

Key developments include:

• PG&E has begun infrastructure upgrades to deliver 200 megawatts of power to the data centers
• San Jose City Council unanimously approved the first two data centers, with the first expected online in late 2027
• The project includes rehabilitating the 100-year-old Bank of Italy building, adding 114 residential homes
• Eastdil Secured will lead the search for data center partners

The initiative aims to address growing demands for AI-driven data centers and housing while advancing San Jose's sustainability goals, promising reduced energy bills and building decarbonization through the district energy system.

PG&E has submitted its 2026-2028 Wildfire Mitigation Plan (WMP) to California's Office of Energy Infrastructure Safety, building on successful prevention of major wildfires in 2023 and 2024. The plan includes:

- Undergrounding nearly 1,100 miles of powerlines
- Strengthening 570 miles of overhead powerlines and poles
- Expanding technology implementation including:
• 10,000+ Gridscope devices across 900 circuit miles
• Early Fault Detection sensors
• Aerial span inspections of 220,000 poles

The plan features multiple protection layers including Enhanced Powerline Safety Settings (EPSS), which achieved a 72% reduction in reportable ignitions in 2024, and Public Safety Power Shutoffs (PSPS). In 2024, six PSPS events affected 50,000 customers across 23 counties, while EPSS protects 1.8 million customers in high-risk areas.

Pacific Gas and Electric Company (PG&E) has announced an interactive webinar scheduled for April 8, 2025, from 5:30 p.m. to 7:00 p.m., focusing on wildfire prevention and safety resources. The virtual event will feature PG&E experts, including Senior Vice President Aaron Johnson, who will present and answer questions about the company's wildfire safety initiatives.

The webinar will cover:

• Updates on wildfire safety efforts and progress
• Available customer support resources
• Direct interaction with PG&E leadership

The event will be accessible via web link, phone (800-621-7732), and through PG&E's website. American Sign Language interpretation will be provided for accessibility.