PG&E Us Stock Price, News & Analysis

PG&E celebrates California Arbor Week from March 7-14, focusing on tree safety and environmental benefits. The company emphasizes planting trees in safe locations to prevent wildfires and damage to powerlines. Resources include free downloadable guides on safe tree planting and educational activities for children. PG&E encourages contacting 811 before planting to identify underground utilities. The initiative aligns with California's designation of Arbor Week, promoting community engagement in tree planting.

PG&E is launching weekly wildfire safety webinars to update customers on its 2022 wildfire prevention plans and gather feedback. The webinars, open to all customers, will cover key topics such as wildfire prevention efforts, including a significant 10,000-Mile undergrounding program, resources for safety outages, and technological improvements. Scheduled events run every Wednesday from March through early August, with March sessions focused on Kern, Stanislaus, and San Joaquin counties. Closed captioning in multiple languages will be available.

Pacific Gas and Electric Company (PG&E) is accelerating its wildfire mitigation efforts, aiming to underground 175 miles of powerlines in 2022 as part of a broader plan to cover 10,000 miles by 2026. This initiative enhances safety while preserving local environments. PG&E also plans to expand its Enhanced Powerline Safety Settings, which proved effective in reducing ignition risks by 80% during a pilot program. Funding for these activities is tied to PG&E's 2023 General Rate Case, where customer bill impacts remain stable over the next few years.

PG&E has unveiled a groundbreaking personal microgrid backup power transfer meter, enhancing its SmartMeter system for customers in High Fire-Threat Districts. Eligible customers, who are part of the Generator Rebate Program, can receive this device at no cost. The technology integrates seamlessly with backup power sources, allowing for safe connections during outages. PG&E has installed over 100 devices and plans to roll out thousands more. The company has applied for a patent for this innovation, anticipated to be approved by 2023.

Pacific Gas and Electric Company (PG&E) has submitted its Energy Efficiency (EE) Plan for 2024-2031 to the California Public Utilities Commission, aiming to deliver $2.1 billion in benefits to customers. The plan emphasizes customer engagement, environmental stewardship, and equity in energy access. It forecasts a small decrease in electric bills and a slight increase in gas bills, proposing $1.4 billion in costs over four years. PG&E commits to reducing 35 million metric tons of CO2 by 2031, equating to removing 650,000 cars from the road.

Pacific Gas and Electric Company (PCG, PCG.PRA) reported a 27% increase in balloon-related outages in 2021, totaling over 600 incidents. This marks the highest number of outages in a decade, which can disrupt electric service and pose safety risks. As Valentine's Day approaches, PG&E advises customers to securely tie metallic balloons and avoid releasing them outdoors to prevent these outages. The cities most affected include San Jose, Fresno, Bakersfield, Oakland, Richmond, and Stockton.

Pacific Gas and Electric Company (NYSE:PCG) reported record levels of renewable energy provided to its customers in 2021. Notably, 50% of their electricity came from renewable sources, with a total of 93% being greenhouse gas-free. The company is committed to California's renewable energy goals and aims to meet the state's requirement of 60% renewable energy by 2030. Large-scale solar accounts for 54% of their renewable mix, supported by over 6,500 MW of power contracts. Additionally, PG&E is investing heavily in battery storage, with over 3,300 MW planned by 2024.

PG&E Corporation (NYSE: PCG) reported a GAAP loss of $0.05 per share for 2021, an improvement from a loss of $1.05 in 2020. The fourth-quarter earnings were $0.22 per share, compared to $0.09 in the previous year. Non-GAAP core earnings for 2021 were $1.08 per share, down from $1.61. The company initiated 2022 EPS guidance of $0.89 to $1.23 for GAAP earnings. A total of $59.1 million in preferred dividends will be paid on May 13, 2022. PG&E completed vegetation management on 1,983 miles, exceeding its goal by 10%. A conference call is scheduled for February 10, 2022.

As winter approaches, natural gas usage rises, accounting for over 70% of household energy consumption due to heating systems, water heaters, and washers/dryers. PG&E advises customers on ways to manage escalating energy bills caused by increased consumption and natural gas price spikes. Key tips include enhancing furnace efficiency, improving duct performance, lowering water heater temperatures, washing clothes in cold water, and not over-drying clothes. Usage and bills are projected to decrease as temperatures rise in March and April.