PG&E Us Stock Price, News & Analysis

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.

PG&E has appointed five Regional Vice Presidents and Jerry L. Davis as Vice President and Chief Information Security Officer, enhancing its focus on safety and operational performance. This move aligns with PG&E's commitment to a regional service model as part of its Chapter 11 Plan of Reorganization. The newly appointed leaders bring extensive experience from various sectors and will be responsible for regional operations, safety, and community engagement. Their roles begin on June 1, 2021, except for Simes, who starts July 6.

Pacific Gas and Electric Company (PCG) has settled wildfire civil claims with 10 public entities for a total of $43.36 million, compensating those impacted by the 2019 Kincade Fire and the 2020 Zogg Fire. CEO Patti Poppe highlighted the company's commitment to community recovery and safety improvements. The agreements followed mediation efforts and aim to strengthen relations with local governments. PG&E is actively enhancing wildfire safety measures, including vegetation management and grid upgrades, to reduce future risks.

Pacific Gas and Electric Company (PCG) has announced a total of $1 million in charitable contributions aimed at enhancing digital access for underserved communities in education. This includes $500,000 for the #OaklandUndivided initiative to provide computers and internet hot spots to students, and another $500,000 for the California Department of Education's Digital Divide Innovation Challenge. The contributions aim to bridge the digital divide exacerbated by the pandemic, with #OaklandUndivided increasing tech access for low-income students from 12% to 98%.

PG&E Corporation has agreed to sell its San Francisco headquarters for $800 million to Hines Atlas US LP, pending CPUC approval. This sale aligns with PG&E’s commitment to return net gains to customers, proposing to distribute $390 million to $420 million over five years to lower rates. The move to a new, more efficient headquarters in Oakland aims to reduce overall costs while improving employee workspace and commute times. PG&E previously sold non-core assets, highlighting a focus on financial health and customer affordability.

Pacific Gas and Electric Company (PG&E) has launched an updated customer support website to assist those financially impacted by the COVID-19 pandemic. The platform provides comprehensive information on various financial assistance programs, including LIHEAP, REACH, and AMP, which offer significant support for past-due bills. Customers can also find ongoing discounts through CARE and FERA Programs and apply for energy efficiency upgrades. As existing protections expire on July 1, 2021, PG&E emphasizes its commitment to aid customers during this transition.

Pacific Gas and Electric Company (PCG) is donating $1.4 million to the California Fire Foundation (CFF) for its Wildfire Safety and Preparedness Program (WSPP) in 2021. This funding aims to enhance fire safety resources in underserved communities in high fire-risk areas of California. Applications for grants will be accepted until June 18, 2021, with notifications starting on July 31, 2021. Over the past three years, CFF has awarded grants to 145 fire departments, targeting areas identified by the California Public Utilities Commission's High Fire-Threat District map.

Pacific Gas and Electric Company (PCG) warns customers about increasing scams as the May 17 tax filing deadline approaches. Con artists impersonate PG&E employees to steal personal information and demand immediate payments to avoid service disconnections. Vulnerable groups, especially seniors and low-income families, are often targeted. PG&E reassures customers they never request financial information via phone or email and offers steps to verify legitimacy. Victims should report scams, with one customer recently losing $1,000. For more details, visit PG&E's scams page.