PG&E Us Stock Price, News & Analysis

Pacific Gas and Electric Company (PG&E) announced key leadership changes following the retirement of James Welsch, Senior Vice President and Chief Nuclear Officer, on December 31, 2021, after 37 years. Paula Gerfen has been appointed as the new Senior Vice President and Chief Nuclear Officer, while Adam Peck will take over as Site Vice President for Diablo Canyon Power Plant. Gerfen brings over 30 years of nuclear industry experience, and Peck has been with PG&E since 2009, enhancing the leadership team responsible for safe and reliable energy operations.

PG&E Corporation (NYSE: PCG) announces the appointment of Yvonne A. McIntyre as Vice President of Federal Affairs, effective January 3, 2022. McIntyre, an energy industry veteran with over 30 years of experience, will advocate for PG&E’s customers at the federal level from Washington, D.C. She previously served at the Natural Resources Defense Council and Calpine Corporation. McIntyre’s extensive background in federal energy policy is expected to enhance PG&E's engagement in clean energy initiatives and reliability for Californians.

Pacific Gas and Electric Company (NYSE: PCG, AMEX: PCG.PRA) encourages customers to embrace smart home devices this holiday season. Executive VP Marlene Santos emphasizes their role in energy savings and enhanced safety. Customers can benefit from rebates of up to $120 for eligible smart thermostats upon signing up for a Time-of-Use plan. Other recommended products include smart plugs for holiday lights, smart smoke alarms for fire safety, and smart bulbs for convenient lighting control. These devices promote efficiency and security. For more details, visit pge.com/rebates.

Pacific Gas and Electric Company (PG&E) has received approval from the California Public Utilities Commission (CPUC) to broaden eligibility for community-proposed microgrid projects across Northern and Central California. This change allows communities to build microgrids anywhere in PG&E's service area, enhancing energy resilience. The update builds on PG&E’s Community Microgrid Enablement Program launched in April 2021, which has seen engagement with over 30 communities to develop microgrid solutions, including the innovative Oakland EcoBlock project.

PG&E expresses gratitude to its customers this Thanksgiving, sharing energy-saving tips to help lower holiday energy bills. The company emphasizes safety during holiday gatherings, especially regarding cooking fires. Recommended tips include:

• Clean Oven: Reduces fire risks.
• Keep Oven Door Closed: Saves energy.
• Use Stove Instead of Oven: More energy-efficient.
• Install Dimmer Switch: Extends bulb life.
• Use Dishwasher Properly: Saves energy and money.

PG&E serves over 16 million people in California.

Pacific Gas and Electric Company (NYSE: PCG) has installed 138 new high-definition cameras in 2021, increasing its total to 487 cameras across Northern and Central California. These cameras, part of the company's Wildfire Mitigation Plan, enhance fire detection capabilities using artificial intelligence (AI) and machine learning. The AI pilot program has already shown potential by detecting smoke earlier than traditional methods, potentially reducing fire size and risk. By the end of 2022, the company aims to have approximately 600 cameras operational, covering over 90% of high fire-risk areas.

PG&E Corporation (NYSE: PCG) appointed Thomas Webb as a senior advisor, effective immediately. With over 40 years in the utility sector, Webb will collaborate with CEO Patti Poppe and CFO Chris Foster to enhance stakeholder value and shareholder engagement. His experience includes serving as CFO at CMS Energy and Consumers Energy, showcasing a strong background in driving strategic relationships within the industry. The company aims to leverage Webb's expertise to deliver sustainable returns and improve energy safety and reliability for its customers.

Pacific Gas and Electric Company (PG&E, NYSE: PCG) warns customers about rising natural gas prices this winter, urging them to prepare for increased heating costs. The company passes on natural gas costs without markup and employs strategies like purchasing gas at lower prices and using storage facilities to mitigate price volatility. PG&E offers energy-saving tips to help customers manage costs, such as lowering thermostat settings and using energy-efficient products. For assistance, customers can enroll in discount programs and receive free energy upgrades.

PG&E Recovery Funding has issued $860 million in green bonds to finance improvements in its electric system, emphasizing environmental benefits and customer savings. The bonds, certified as green by S&P Global Ratings, will help reduce costs for customers by an estimated $450 million through lower securitization costs compared to traditional financing. These investments support the Community Wildfire Safety Program and aim to protect California's forests against extreme weather, thereby reinforcing the company's commitment to sustainability and safety.