PG&E Us Stock Price, News & Analysis

The California Independent System Operator issued a Grid Warning for Pacific Gas and Electric Company (PCG), indicating potential rotating outages for approximately 121,000 customers this evening due to high demand from air conditioning amidst extreme heat. Although rotating outages have not been mandated, stakeholders are advised to conserve energy from 5 p.m. to 10 p.m. to alleviate pressure on the grid. Efforts include pre-cooling homes and avoiding major appliance use during peak hours. PG&E is actively notifying affected customers and deploying crews for existing heat-related outages.

The California Independent System Operator (CAISO) has issued a Flex Alert for June 17, calling for statewide energy conservation due to anticipated record-high temperatures. The alert is effective from 5 p.m. to 10 p.m., highlighting the expected increase in electricity demand from air conditioning usage. PG&E encourages customers to conserve energy with tips like setting thermostats higher and utilizing fans. They assure that they can meet the forecasted power demand without issuing rotating outages. Customers can find cooling centers and save energy during peak hours.

The first significant heat wave of the summer is forecasted to arrive in Northern and Central California this week, with temperatures soaring to between 105 and 110 degrees in some areas. PG&E's meteorologists are monitoring the situation and are prepared for potential power outages. Customers are advised to conserve energy, with tips provided for managing electricity use. Although no outages are anticipated, safety measures are recommended in case of disruptions.

Pacific Gas and Electric Company (PG&E) has launched its first hybrid renewable standalone power system in Briceburg, California. Designed to improve service reliability while reducing wildfire risk, this system replaces overhead powerlines in a High Fire-Threat District. The system features solar energy with battery storage and backup propane generation, providing up to 89% renewable energy annually. PG&E aims to expand this model to other remote areas within its service region to enhance reliability and lower costs.

PG&E is enhancing its support for customers during Public Safety Power Shutoff (PSPS) events, particularly for those relying on electricity for essential needs. The company offers various programs, including Generator Rebate and Portable Battery Program, aimed at providing discounted or free backup power solutions. Additionally, the Disability Disaster Access and Resources Program assists individuals with disabilities. These initiatives aim to ensure that vulnerable populations can maintain access to critical energy sources during wildfire-related outages, promoting safety and reliability.

Pacific Gas and Electric Company (PCG) is hosting weekly wildfire safety webinars every Thursday in June. These sessions aim to educate customers on wildfire prevention efforts, resources for Public Safety Power Shutoff (PSPS) events, and safety technology improvements. Each webinar includes a presentation followed by a Q&A session, open to all PG&E customers. Scheduled webinars will cover specific counties such as Butte, Colusa, Lake, Napa, Marin, and Sonoma. Closed captioning in multiple languages will be available, and further participation information can be found at pge.com/wildfiresafety.

Pacific Gas and Electric Company (PCG) is investing $2 million in grants to local Fire Safe Councils (FSCs) in California for wildfire prevention projects in 2021. This initiative supports community safety amid increased wildfire risks due to extreme weather conditions. Since 2014, PG&E has allocated $17 million to FSCs, focusing on fire safety improvements such as fuel reduction and emergency access enhancements. The funding will support 32 projects, showcasing PG&E's ongoing commitment to mitigating wildfire hazards and enhancing community preparedness.

Pacific Gas and Electric Company (PCG) emphasizes safety as summer begins, particularly regarding wildfire preparedness. With elevated wildfire risks, the company urges customers to create defensible spaces around their properties and follow safety tips for outdoor activities, including safe campfire practices and pool safety. PG&E reminds homeowners of California's requirement for a 100-foot defensible space to protect against potential wildfires. They also provide resources such as emergency plans and wildfire safety programs.

During graduation season in California, PG&E warns about the safety risks of helium-filled metallic balloons. In the first four months of 2021, balloon-related incidents caused nearly 175 power outages, affecting over 107,000 customers—a significant 75% increase from the previous year. As celebrations resume, PG&E emphasizes the need for proper balloon safety practices to prevent disruptions, especially to critical facilities. The company advises securing balloons with weights and avoiding outdoor releases to mitigate potential hazards.