PG&E Us Stock Price, News & Analysis

PG&E Corporation Foundation has expanded its Better Together STEM Scholarship Program to include students from Historically Black Colleges and Universities (HBCUs), providing a total of $250,000 in scholarships. The program will offer 20 scholarships of $10,000 and 20 awards of $2,500. Since its inception in 2012, the program has awarded over $6.5 million to students excelling in STEM fields. Applications are open to high school seniors, GED recipients, current undergraduates, and non-traditional students.

Pacific Gas and Electric Company (PG&E) has been awarded the 2022 Tree Line USA status by the Arbor Day Foundation, recognizing its commitment to urban forestry in Central and Northern California. The award highlights PG&E's adherence to best practices in urban forest management, tree care, and public education. PG&E emphasizes the importance of trees for environmental benefits and community aesthetics, while encouraging customers to opt for Paperless Billing, which conserves resources.

PG&E Corporation (NYSE: PCG) announced a significant increase in first-quarter 2022 GAAP earnings to $0.22 per diluted share, up from $0.06 in Q1 2021. Non-GAAP core earnings also rose to $0.30 per diluted share from $0.23 year-over-year. The corporation adjusted its 2022 GAAP earnings guidance to a range of $0.85 to $1.16, while reaffirming non-GAAP core earnings guidance at $1.07 to $1.13. Factors such as cost reductions and growth in rate base earnings contributed to positive financial performance, despite challenges from wildfire-related costs and restructuring expenses.

Pacific Gas and Electric (PG&E) announced a significant payment of over $464 million this spring to support local economies in California. The payments include more than $310 million in property taxes and nearly $154 million in franchise fees paid to various counties and cities. This represents an increase of $84 million in property taxes compared to the previous year. PG&E aims to enhance public services while reinforcing its infrastructure to mitigate wildfire risks and support community development.

Pacific Gas and Electric Company (NYSE:PCG) announced the commissioning of its 182.5-megawatt Tesla Megapack battery energy storage system, the Elkhorn Battery, at the Moss Landing substation in Monterey County. Officially certified by CAISO on April 7, 2022, the system can store and dispatch up to 730 megawatt hours of energy, improving energy reliability in California. The project is part of a larger initiative to deploy 3,330 MW of battery energy storage systems by 2024, addressing local energy demand and enhancing grid stability.

The California Restaurant Foundation (CRF) is offering $3,000 grants to independent restaurants impacted by the COVID-19 pandemic, with support from PG&E Corporation Foundation contributing $500,000. Applications are open from April 15-30, 2022, focusing on businesses with fewer than three units and under $3 million in revenue, particularly prioritizing minority and women-owned establishments in Northern and Central California. Last year, 109 grants were awarded, aiding restaurant recovery and employee retention.

Pacific Gas and Electric Company (NYSE: PCG; AMEX: PCG.PRA) warns customers to be vigilant against a rise in scams, especially as the tax filing deadline approaches on April 18, 2021. The IRS reports that scammers impersonating utility workers are targeting vulnerable populations, leading to significant financial loss. In 2021, PG&E logged over 11,000 scam reports and nearly $600,000 in fraudulent payments. Customers are advised to avoid purchasing prepaid cards and to report any suspicious activity to local authorities. PG&E continues to offer support for financially impacted customers.

Pacific Gas and Electric Company (PCG) has reached settlements concerning the 2019 Kincade Fire and the 2021 Dixie Fire, resulting in no criminal charges for the latter and dismissal of charges for the former. The agreements include $55 million in financial commitments over five years, with funds directed to local non-profits and community recovery efforts. PG&E also announced plans to hire up to 200 staff in wildfire safety roles, enhance vegetation management, and implement a five-year independent monitorship to oversee safety and inspection efforts across six Northern California counties.

Pacific Gas and Electric Company (PG&E) is expanding its Enhanced Powerline Safety Settings (EPSS) to enhance safety in high fire-threat areas. Launched in July 2021, EPSS has reduced ignitions by 80% on enabled circuits. In 2022, PG&E aims to implement these settings across 25,500 distribution line miles, supplementing other wildfire prevention measures. The utility is also improving customer communication and support during outages, aiming to decrease average outage lengths by 40%. New programs include a Generator Rebate and Portable Battery Program to aid customers during outages.