Welcome to our dedicated page for PG&E Us news (Ticker: PCG), a resource for investors and traders seeking the latest updates and insights on PG&E Us stock.
PG&E Corporation (NYSE: PCG) is a California-based holding company whose primary business is conducted through its utility subsidiary, Pacific Gas and Electric Company. The utility is described as a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. This news page focuses on developments affecting PG&E’s customers, operations, regulatory environment, and capital structure.
Recent news releases highlight several themes that are central to PG&E’s ongoing story. These include announcements about electric and natural gas rate changes, such as the planned January 1, 2026 rate reductions described as the fourth electric rate decrease in two years, as well as programs designed to support income-eligible customers, including the Match My Payment Program and the REACH bill assistance program. Other updates cover automatic bill credits for customers affected by specific outages, storm preparedness efforts with pre-positioned crews and enhanced outage information tools, and scholarship programs funded by employee resource groups for students in PG&E’s service area.
PG&E’s news flow also includes information on grid modernization and innovation projects, such as the Dynamic Line Rating and Asset Health Monitoring technology demonstration funded through the Electric Program Investment Charge program, and vehicle-to-grid and vehicle-to-everything pilot projects conducted with partners at the Redwood Coast Airport Microgrid. Additional releases address wildfire mitigation measures, including undergrounding powerlines and related public opinion polling, as well as leadership and organizational changes intended to better align the company with customer and hometown needs.
Investors and observers can use this page to follow PG&E’s earnings-related communications, operational updates, safety initiatives, community programs, and regulatory disclosures as they are issued through official news channels.
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PG&E Corporation (NYSE: PCG) reported second-quarter 2022 GAAP earnings of $0.17 per diluted share, down from $0.18 in Q2 2021. Non-GAAP core earnings also decreased to $0.25 from $0.27. For the first half of 2022, GAAP earnings improved to $0.39 per share, while non-GAAP core earnings rose to $0.55. The company adjusted 2022 GAAP EPS guidance to a range of $0.74 to $1.02 and reaffirmed non-GAAP core earnings guidance at $1.07 to $1.13. Despite wildfire-related challenges, PG&E remains focused on risk reduction and strategic investments.
Duquesne Light Company (DLC) announced a collaboration with ComEd and Pacific Gas and Electric (PG&E) to enhance underground electrical infrastructure through the "Monitoring Electrical Cable Challenge." The initiative, with a prize pool of $750,000, aims to improve safety and reliability of underground networks in Pittsburgh. The partners will guide challenge finalists and evaluate results to strengthen the electrical grid. The final solutions will be tested, with a pilot deployment expected in early 2023. The challenge seeks innovative solutions to maintain critical infrastructure.
Pacific Gas and Electric Company (NYSE: PCG) has announced that customers and non-account holders can sign up for Public Safety Power Shutoff (PSPS) alerts for any address.
To continue receiving notifications, those who signed up before
PG&E emphasizes planning for outages and provides resources for emergency preparedness.
Pacific Gas and Electric Company (NYSE:PCG) released a bonus episode of its series "7 Saturdays to a More Fire-Resistant Home," focusing on wildfire preparedness. The episode guides Californians on how to prepare for evacuations during fire season, highlighting the importance of being ready when conditions change. Key topics include packing an emergency evacuation kit, steps to take during a wildfire, and staying informed. The series aims to equip families with essential safety knowledge to protect themselves and their homes.
Pacific Gas and Electric Company (NYSE:PCG) has released insights on common energy-saving myths during extreme summer heat, aiming to help customers reduce their energy bills. The company stresses that setting the thermostat lower does not cool homes faster and that fans do not cool rooms when unoccupied. Additionally, closing vents can lead to increased energy consumption. PG&E also recommends pre-cooling homes, unplugging appliances, changing air filters, and using window coverings. Customers can access tools like Bill Forecast Alerts to manage their bills better.
PG&E and The PG&E Corporation Foundation have pledged $1 million for local disaster relief and recovery in 2022, including $750,000 to the American Red Cross. This funding aims to address wildfire preparedness and immediate response needs in underserved communities. Specifically, $25,000 will support organizations helping residents affected by the Electra Fire, and $300,000 will assist the Red Cross for local disaster responses. These contributions come from PG&E shareholders and underline the company's commitment to community support during fire season.
Pacific Gas and Electric Company (PCG) has partnered with Tesla to launch a pilot program creating a virtual power plant (VPP) to enhance electric grid reliability. Over 1,500 customers have enrolled to date, out of an invitation to 25,000 PG&E customers with Powerwalls. The program provides cash incentives, offering $2 per kilowatt-hour for electricity discharged during peak demand hours (4 to 9 p.m.). This initiative is part of PG&E's Emergency Load Reduction Program, aiming to utilize residential home batteries to support the grid in California.
The Gold Shovel Association (GSA) has appointed Joe Forline, Senior Vice President of Gas Operations at Pacific Gas and Electric Company (PG&E), to its Board of Directors. Forline, boasting over 35 years of experience in the utility sector, will enhance GSA’s focus on public and workforce safety centered on excavation and safe digging. His expertise will support GSA’s mission in raising awareness of the Gold Shovel Standard, contributing to improved damage prevention practices. In 2021, PG&E reported achieving top industry performance in damage prevention.
Pacific Gas and Electric Company (PG&E) has announced new leadership appointments in its Electric Operations and Gas Engineering sectors. Janisse Quiñones will become Senior Vice President, Electric Operations, bringing over 20 years of utility experience. Christine Cowsert Chapman will succeed her as Senior Vice President, Gas Engineering. Martin Wyspianski will take over as Vice President, Electric Engineering. These changes aim to enhance safety, reliability, and readiness within PG&E's energy systems, as emphasized by CEO Patti Poppe.