PG&E Us Stock Price, News & Analysis

April is designated as National Safe Digging Month, supported by Pacific Gas and Electric Company (PCG) and over 1,000 utilities. The initiative aims to educate Californians on the importance of calling 811 to mark underground utility lines before any digging. Recent surveys indicate that 20% of homeowners are engaging in DIY projects involving digging during the pandemic, yet 37% risk damaging utilities by not calling 811. In 2020, PG&E recorded over 1,400 third-party dig-ins, nearly 800 of which were due to failure in contacting 811. PG&E emphasizes safety with its tips for digging.

Pacific Gas and Electric Company (PCG) announced the appointment of Jason Glickman as Executive Vice President, Engineering, Planning, and Strategy, effective May 3, 2021. Glickman, previously with Bain & Company, brings extensive experience in transforming energy companies. He will focus on PG&E's utility assets and strategies to enhance service for over 16 million customers. CEO Patti Poppe expressed confidence in Glickman's leadership to navigate towards a sustainable energy future.

PG&E Corporation (NYSE: PCG) acknowledged today the criminal charges from the Sonoma County District Attorney’s office regarding the October 2019 Kincade Fire. The company expressed sympathy for the victims and accepted CAL FIRE's finding that its transmission line caused the fire, but it asserts there was no criminal wrongdoing. CEO Patti Poppe emphasized the company's commitment to rectify the situation for affected individuals and enhance wildfire safety measures. The company continues to develop technologies to lower wildfire risks and improve system resilience.

Pacific Gas and Electric Company (PCG) is urging customers with past-due balances to seek financial assistance before COVID-19 pandemic protections end on June 30, 2021. Since March 2020, over 1.6 million payment plans have been established, but past-due residential accounts have surged nearly 30%. PG&E plans to stagger the restart of collections to support affected customers. The company has submitted a transition plan to the California Public Utilities Commission (CPUC) aimed at easing the shift as protections lift. Customers are encouraged to contact PG&E for resources and assistance.

Pacific Gas and Electric Company (PG&E) has appointed Janisse Quiñones as Senior Vice President of Gas Engineering and promoted Mark Quinlan to Vice President of PSPS Operations and Execution. Quiñones brings over 20 years of utility experience, previously serving at National Grid and the U.S. Coast Guard. She will oversee gas engineering and strategy effective April 26, 2021. Quinlan, effective April 1, will manage PG&E's Public Safety Power Shutoff program. Both appointments aim to enhance operational safety and execution for PG&E's customers.

PG&E Corporation (NYSE: PCG) has appointed Chris Foster as Executive Vice President and Chief Financial Officer, effective March 20. Mr. Foster, who served as Interim CFO since September 2020, has been with the company in various roles since 2011. He will oversee critical financial functions including audit, treasury, and investor relations. CEO Patti Poppe praised his contributions in steering the company through Chapter 11 bankruptcy towards financial stability, emphasizing the importance of a healthy energy company for community prosperity.

PG&E Corporation (NYSE: PCG) will host its Q1 2021 earnings conference call on April 29, 2021, at 11:00 a.m. ET. The call will discuss financial results and is accessible via a webcast on the company’s website. A replay will be available until June 6, 2021, through a toll-free number as well. PG&E provides energy services to 16 million customers in Northern and Central California, employing over 23,000 personnel. For additional details, visit pge.com.

Pacific Gas and Electric Company (PG&E) responded to CAL FIRE's announcement identifying the cause of the September 2020 Zogg Fire as a pine tree contacting PG&E's electrical lines. PG&E expressed empathy for the communities affected and gratitude to first responders. The company plans to review CAL FIRE's findings once accessible and continues to focus on wildfire risk reduction through the implementation of advanced grid technology, infrastructure hardening, and enhanced vegetation management. PG&E remains dedicated to safely delivering energy amid extreme weather challenges.

Pacific Gas and Electric Company (PG&E) and BMW Group have expanded their collaboration on smart charging electric vehicles (EVs), launching phase three of the ChargeForward program, which targets 3,000 BMW EV drivers in Northern and Central California. This phase aims to optimize EV charging times to support grid reliability using excess renewable energy. Participants can earn up to $400 in incentives while helping the grid during peak demand. The program plans to explore vehicle-to-grid capabilities for enhancing grid services and backup generation in future phases.