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PG&E Corp. - PCG STOCK NEWS

Welcome to our dedicated news page for PG&E (Ticker: PCG), a resource for investors and traders seeking the latest updates and insights on PG&E.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect PG&E's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of PG&E's position in the market.

News
Kaled Awada Named Chief People Officer, Brings 20-Plus Years of Human Resources Leadership in Automotive, Energy Industries
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.28%
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PG&E Encourages Northern and Central California Students Focused on STEM Education to Apply for College Scholarships of Up to $10,000
Rhea-AI Summary
PG&E Foundation Offers $500,000 in Scholarships for STEM Students - PG&E
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.55%
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PG&E Contributes $55 Million to Expand REACH Program, Providing More Support to Income-Eligible Customers on Energy Bills
Rhea-AI Summary
Pacific Gas and Electric Company (PG&E) contributes $55 million to support the Dollar Energy Fund, doubling the maximum bill credit for income-eligible families to up to $1,000 in an effort to prevent service disconnections.
Rhea-AI Impact
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End-of-Day
0.06%
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More Than $200,000 in College Scholarships Now Available from PG&E for Students in Northern and Central California
Rhea-AI Summary
Pacific Gas and Electric Company (PG&E) is offering scholarships for college-bound high schoolers and current college students in Northern and Central California. More than $200,000 is available through 13 employee resource groups and engineering network groups. The deadline for applications is March 15, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.45%
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600 Miles and Counting: PG&E Hits Significant Milestone as Crews Safely Complete Construction, Energization of 350 More Miles of Underground Powerlines in 2023
Rhea-AI Summary
Pacific Gas and Electric Company (PG&E) has constructed and energized more than 600 miles of underground powerlines since its ambitious 10,000-Mile Undergrounding program started in mid-2021. The 350 miles completed in 2023 represents the most ever in a single year by PG&E and nearly twice as many miles as were completed in 2022. The unit cost has now fallen below $3 million per mile, eliminating nearly 98% of the risk of wildfire ignition from electrical equipment. The California Public Utilities Commission recently approved PG&E's 2023-2026 General Rate Case, which authorized 1,230 miles of undergrounding during those four years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.48%
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Nuclear Regulatory Commission Accepts PG&E's Diablo Canyon Power Plant License Renewal Application, Allows Both Units to Continue Operating Past Current Licenses
Rhea-AI Summary
Pacific Gas and Electric Company (PG&E) (NYSE: PCG) receives federal Nuclear Regulatory Commission (NRC) determination of sufficiency for License Renewal Application (LRA) for extended operations of Diablo Canyon Power Plant (DCPP). The multi-year review process will provide opportunities for public participation. PG&E filed the LRA on Nov. 7 to ensure electric reliability for all Californians. The facility is the state's largest power plant and producer of clean energy, generating enough carbon-free electricity to meet the needs of three million people. The California Public Utility Commission approved new retirement dates for Diablo Canyon's Units 1 and 2, now 2029 and 2030 respectively.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.48%
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Keeping Local Restaurants Cooking: 77 Restaurants to Receive $5,000 Resilience Grants, Just in Time for the Holidays
Rhea-AI Summary
PG&E Corporation (PCG) Foundation supports small restaurants in Northern and Central California, awarding $900,000 in grants to 77 hometown restaurants in 24 counties. The contribution aims to help increase long-term business success through equipment upgrades, workforce training, and operating support for the California Restaurant Foundation. The grants will be used for technology adoption, equipment upgrades, employee onboarding and retention, and overcoming unforeseen hardships, prioritizing minority- and women-owned businesses. The combined total contribution from PG&E and PG&E Foundation is now $2.3 million, supporting a total of 521 restaurants.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.57%
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Brighten Your Holiday, Lighten Your Energy Bills and Celebrate with Energy Efficiency
Rhea-AI Summary
Pacific Gas and Electric Company (PG&E) is helping customers make the holiday season sustainable and affordable. With simple, low-cost actions, customers can trim their carbon footprint and energy bills. PG&E encourages the use of LED lights, smart timers, and energy-efficient entertaining. They also offer a home insulation program to help customers save on energy bills.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.22%
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Navigating Innovation: PG&E Hosts Utility Drone Operations Conference
Rhea-AI Summary
Pacific Gas and Electric Company (PG&E) held a first-of-its-kind event for exploring the usage of unmanned aerial systems for utility operations in San Ramon, Calif. The event included product demonstrations and discussions with UAS hardware, software, and drone service providers. PG&E has been using drones for electric transmission infrastructure inspections since 2015 and has expanded their usage to perform gas pipeline leak surveys, string powerlines, and conduct fully remote drone operations for electric system inspections.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.22%
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PG&E Corporation Announces Upsize and Pricing of $1.9 Billion Convertible Senior Secured Notes due 2027 to Prepay Portion of Existing Term Loan
Rhea-AI Summary
PG&E Corporation (NYSE: PCG) announced the pricing of $1.9 billion aggregate principal amount of 4.25% Convertible Senior Secured Notes due 2027, reflecting an upsize of $400 million over the previously announced offering size. The net proceeds from the notes will be approximately $1.876 billion, intended to prepay $1.9 billion of the loans outstanding under its secured term loan credit agreement. The Convertible Notes will mature on December 1, 2027, with an interest rate of 4.25% per year, payable semiannually in arrears. The initial conversion price represents a premium of approximately 35.0% over the last reported sale price of PG&E Corporation's common stock on November 29, 2023.
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PG&E Corp.

NYSE:PCG

PCG Rankings

#278 Ranked by Market Cap
#1616 Ranked by Stock Gains
#2075 Ranked by Dividends

PCG Stock Data

35.47B
2.06B
3.34%
97.79%
1.43%
Other Electric Power Generation
Utilities
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US
San Francisco

About PCG

pg&e corporation, through its subsidiary, pacific gas and electric company, engages in the sale and delivery of electricity and natural gas to customers in northern and central california, the united states. it generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources. as of december 31, 2019, the company owns and operates approximately 18,000 circuit miles of interconnected transmission lines, 33 electric transmission substations, approximately 107,000 circuit miles of distribution lines, 68 transmission switching substations, and 760 distribution substations; and natural gas transmission, storage, and distribution system consisting of approximately 43,300 miles of distribution pipelines, approximately 6,300 miles of backbone and local transmission pipelines, and various storage facilities. it serves residential, commercial, industrial, and agricultural customers, as well as natural gas-fired electric generation facilities. the company