PG&E Corporation reports developments tied to its regulated utility subsidiary, Pacific Gas and Electric Company, a combined natural gas and electric utility serving more than 16 million people across Northern and Central California. News commonly covers earnings, rate and bill-credit programs, grid reliability, wildfire prevention, emergency response, and customer safety communications.
Company updates also address electric-vehicle integration, residential electrification tools, the PG&E PowerHouse demonstration lab, and the Diablo Canyon Power Plant. Operational announcements often focus on sensor data, machine learning, smart meters, bidirectional charging, and programs intended to support a safer and more resilient electric system.
PG&E and Southern California Edison are enhancing support for customers as California braces for increased wildfire risks. In partnership with the 211 California Network, they are offering a free service to assist individuals with Access and Functional Needs during potential Public Safety Power Shutoffs (PSPS). This initiative enables connections to community organizations for essential services such as transportation, meal delivery, and backup power. Customers can access assistance by calling 211 or texting 'PSPS' to 211-211, available 24/7, in response to ongoing drought conditions and wildfire threats.
PG&E Corporation (NYSE: PCG) has scheduled its second quarter 2022 earnings call for July 28, 2022, at 11:00 a.m. Eastern Time. The public can access the call via a webcast, with links available on the PG&E Corporation website. A toll-free replay will be accessible until August 5, 2022, using confirmation code 64421. PG&E serves approximately 16 million customers across Northern and Central California, covering a 70,000-square-mile service area.
Pacific Gas and Electric Company (PCG) is alerting customers to the rising threat of scams, reporting over 7,200 scam incidents in 2022 alone. This figure is set to surpass the previous year's total of 11,000 reports, with customers losing more than $600,000 in 2021. PG&E emphasizes the importance of recognizing scam tactics, such as demands for immediate payment and requests for prepaid cards. Customers are urged to protect themselves by verifying account details through official channels and staying vigilant against impersonators. For more information, visit pge.com.
Pacific Gas and Electric Company (NYSE: PCG) announced its preferred stock dividend for Q3 2022. Shareholders of record as of July 29, 2022, will receive payments on August 15, 2022. The dividends are set at $0.31250 per share for 5.00% Series A, among others. Non-redeemable shares will see a dividend of $0.37500 for the 6.00% series. The company serves over 16 million customers across California, underlining its commitment to providing reliable utility services.
Pacific Gas and Electric Company (PG&E) is introducing initiatives to help customers manage their energy costs during the summer. As energy use typically spikes due to air conditioning, PG&E offers strategies including raising thermostat settings, installing smart thermostats, and checking air filters regularly. Customers can receive a smart thermostat at no cost by joining the SmartAC Program. Additional savings can be achieved through various income-qualified programs. For more tips on saving energy, visit PG&E's summer website.
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Pacific Gas and Electric Company (PG&E) introduces new online tools to assist communities in preparing for wildfires. These tools include detailed weather forecasts and a Fire Watch map, accessible through their website. Customers can view high-definition cameras that monitor weather conditions across PG&E's service area, spanning 70,000 square miles in Northern and Central California. Additionally, PG&E's Satellite Fire Detection and Alerting System enhances wildfire detection capabilities, providing early warnings of potential fire incidents, part of their Community Wildfire Safety Program.
Pacific Gas and Electric Company (PCG, PCG.PRA) announced the successful rollout of their Enhanced Powerline Safety Settings (EPSS), protecting over 3 million residents in high fire-risk areas. These settings have resulted in an 82% reduction in CPUC-reportable ignitions that could lead to wildfires in 2022, mirroring 2021's results. By expanding the program across 1,000 circuits and 25,000 distribution line miles, PG&E aims to minimize outages while enhancing safety. The company continues to implement measures to mitigate the impact of outages for customers.
Pacific Gas and Electric Company (PCG, PCG.PRA) continues its long-standing commitment to supporting cooling centers across California, providing over $650,000 since 2007. This summer alone, PG&E has allocated more than $80,000 to help vulnerable populations, like seniors, during extreme heatwaves. Cooling centers are activated when local temperatures exceed set thresholds, ensuring community safety and comfort. PG&E encourages residents to utilize these resources to protect their health against rising temperatures.
PG&E Corporation has announced a charitable contribution of $500,000 to the California Restaurant Foundation to assist restaurants affected by the pandemic. This funding will provide $3,000 grants to 144 restaurants across 28 counties in its service area. The grants aim to support equipment upgrades and employee retention efforts. PG&E's cumulative contributions in 2021 and 2022 reached $1 million, aiding 319 local restaurants and fostering community recovery.