PG&E Corp. - PCG STOCK NEWS

The press release highlights the financial performance of PCG for the year 2023, with GAAP earnings of $1.05 per share and $0.43 per share for the fourth quarter. Non-GAAP core earnings were $1.23 per share for the year and $0.47 per share for the fourth quarter. EPS guidance for 2024 has been increased, with no equity issued in 2023 and no forecasted equity needs in 2024. Operational costs were reduced by 5.5% in 2023, exceeding targets, and a five-year capital plan of $62 billion has been set to support infrastructure improvements.

PG&E unveils a refreshed portfolio of emerging technology projects to tackle grid challenges, following its 2023 Accelerating Innovation initiative.

PG&E Corporation (PCG) announces its first-quarter 2024 regular cash dividend of $0.01 per share on common stock and regular preferred stock dividends for the three-month period ending April 30, 2024. The dividends are payable to shareholders of record on specific dates.

Pacific Gas and Electric Company (PG&E) warns customers about the dangers of metallic balloons causing power outages as Valentine's Day approaches. In 2023, 332 power outages affected over 157,000 homes and businesses due to balloons hitting power lines.

PG&E prepares for a stronger storm forecasted to arrive, with significant website improvements and storm safety tips provided to customers. The company is staging crews and making faster, more complete outage information available online.

Sunrun and Pacific Gas and Electric Company (PG&E) formed a first-of-its-kind partnership to provide consistent, reliable clean energy to California's power grid through home solar-plus-storage systems. The Energy Efficiency Summer Reliability Program, also known as Peak Power Rewards, involved nearly 8,500 solar-plus-storage residential systems peaking at 32 megawatts. Sunrun managed the fleet of home batteries to provide power to PG&E, achieving an average of 27 megawatts during peak hours for over 90 consecutive days. The program was operational within six months of contract signature, achieving a customer participation rate and power supply volume never before accomplished. Enrolled customers received an upfront payment of $750 and a free smart thermostat for participating. PG&E is the nation's utility leader in both rooftop solar and behind-the-meter storage, with nearly 820,000 customers connected to the electric grid with rooftop solar and nearly 75,000 customers having installed and connected storage systems to the grid in PG&E's service area. Sunrun is the nation's largest provider of distributed power plant programs and is exploring future programs with PG&E.

PG&E Corporation (NYSE: PCG) has scheduled a conference call to discuss its fourth quarter and full year 2023 results on February 22, 2024, at 11:00 a.m. Eastern Time. The public can access the call through a webcast or a toll-free replay. PG&E Corporation is the parent company of Pacific Gas and Electric Company, serving 16 million Californians in Northern and Central California.

Kaled Awada, a seasoned human resources executive with extensive experience in the energy and automotive sectors, has been appointed as the Executive Vice President, Chief People Officer of PG&E Corporation and its subsidiary, Pacific Gas and Electric Company. In his new role, Awada will lead PG&E's People organization, overseeing talent acquisition, labor relations, coworker development, and change management to meet the needs of the company's customers and build a clean, climate-resilient energy system for the future. His appointment has been welcomed by PG&E Corporation Chief Executive Officer Patti Poppe, who highlighted Awada's experience and leadership qualities. Awada's previous roles include serving on the board of directors for Solid Power, as well as holding executive positions at Tenneco and Aptiv, where he played crucial roles in human resources and organizational management. With a strong academic background in psychology and organizational management from The Ohio State University, Awada is poised to bring valuable expertise to PG&E.

PG&E Foundation Offers $500,000 in Scholarships for STEM Students - PG&E