PG&E Us Stock Price, News & Analysis

Pacific Gas and Electric Company (PG&E) announced a property tax payment of over $339 million during the second half of 2022, reflecting a 9% increase from the previous year. This payment supports essential public services and is part of PG&E's ongoing investment to enhance gas and electric infrastructure, particularly for safety and wildfire mitigation. The total property tax payments for the fiscal year are expected to exceed $678 million, up by $57 million compared to last year.

Pacific Gas and Electric Company (PCG) is partnering with Enphase Energy to launch the Residential Storage Initiative, offering free battery systems to around 100 vulnerable, low-income customers affected by frequent power outages in California. This initiative supports enhanced safety measures that already achieved a 65% reduction in ignition incidents due to safety-related power shutoffs. The program aims to expand to several hundred additional residential customers in 2023, enhancing resilience and reliability in high fire-risk areas.

Pacific Gas and Electric Company (PCG) has opened applications for college scholarships for students in Northern and Central California, with the deadline set for February 24, 2023. The program offers over $200,000 in awards, supporting diversity through its employee resource groups and engineering networks. Scholarships range from $500 to $6,000 and are aimed at fostering future leaders. Since 1989, PG&E has awarded more than $5 million in scholarships, funded entirely by employee contributions.

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.