PG&E Us Stock Price, News & Analysis

PG&E (PCG) is warning customers about safety risks from helium-filled metallic balloons during graduation season. In the first five months of 2025, metallic balloons caused over 130 power outages in PG&E's service area, affecting more than 54,000 customers. These incidents can disrupt critical facilities like hospitals and schools.

The company emphasizes that metallic balloons' silvery coating conducts electricity, potentially causing transformer shorts, power outages, and melted electrical wires when contacting power lines. A previous incident during a North Coast homecoming parade resulted in 2,700 customers losing power when balloons hit power lines.

PG&E urges customers to secure metallic balloons with weights, keep them indoors when possible, and never attempt to retrieve balloons caught in power lines.

PG&E Corporation (NYSE: PCG) has announced the election of John O. Larsen to the Boards of Directors of both PG&E Corporation and Pacific Gas and Electric Company. Larsen brings 36 years of utility industry experience from Alliant Energy Corporation, where he served in various leadership roles including CEO. During his tenure at Alliant, he led the company's Clean Energy Blueprint initiative and managed services for 1.5 million customers across Iowa and Wisconsin. Larsen will serve on the boards' Safety and Nuclear Oversight, and People and Compensation committees. His appointment was confirmed at the companies' Annual Meetings of Shareholders on May 22, 2025. The new board member holds a BS in Electrical Engineering and has served on several industry boards including Edison Electric Institute and Electric Power Research Institute.

PG&E Corporation (NYSE: PCG) has announced its second quarter 2025 dividend payments for both common and preferred stockholders. The company will distribute a regular cash dividend of $0.025 per share on its common stock, payable on July 15, 2025, to shareholders of record as of June 30, 2025. Additionally, its utility subsidiary Pacific Gas and Electric Company declared preferred stock dividends for eight different series, ranging from $0.27250 to $0.37500 per share, to be paid on August 15, 2025, to shareholders of record as of July 31, 2025.

The PG&E Corporation Foundation has launched its Better Together Nature Positive Innovation Grant program, offering $500,000 in environmental stewardship grants. The program will award five $100,000 regional grants across PG&E's service areas for projects focused on air quality, land, and water stewardship. Eligible applicants include government organizations, educational institutions, and nonprofits, with a submission deadline of July 18, 2025. The grants, funded by PG&E shareholders, prioritize projects serving disadvantaged communities and aim to address climate challenges through local collaboration. Previous recipients include Kitchen Table Advisors, supporting regenerative farmers, and El Dorado Fire Safe Council, helping vulnerable populations with wildfire resilience.

PG&E (PCG) has submitted its 2027-2030 General Rate Case (GRC) proposal to California regulators, featuring its smallest percentage increase in a decade. The proposal aims to stabilize customer bills while improving system safety and reliability. Key highlights include: - Residential combined bills expected to be flat in 2027 compared to 2025, with potential decreases if electric demand grows - Company has reduced operating and capital costs by $2.5 billion over past three years - GRC proposal would increase bills by maximum 3.6% in 2027, but total bills expected to remain flat due to offsetting cost reductions - Plans include modernizing grid for 3 million EVs by 2030, replacing 760 miles of powerlines, undergrounding 307 miles in high-fire-risk areas, and replacing 164 miles of gas distribution pipeline - Additional savings potential through $15 billion DOE loan guarantee, which could save customers $1 billion over loan life

PG&E (PCG) participated in California's first autonomous wildfire suppression demonstration, featuring a Black Hawk® helicopter equipped with Lockheed Martin and Rain autonomy systems. The demonstration, held in the Silverwood region, showcased the helicopter's ability to autonomously track fires, collect water, and extinguish ignitions using tablet control.

The company is involved in a research project through the Electric Program Investment Charge (EPIC) program, exploring drone-enabled and autonomous wildfire suppression technologies. PG&E is also a Co-Title sponsor of the XPRIZE Wildfire competition, an $11 million initiative spanning four years to develop autonomous fire detection and suppression capabilities. The competition includes two tracks: Autonomous Wildfire Response and Space-Based Wildfire Detection & Intelligence.

Pacific Gas and Electric (PG&E) is accelerating electric vehicle (EV) adoption among customers with limited financial resources to meet California's climate goals and potentially lower electric rates. The company has helped over 13,000 income-qualified customers through their Pre-Owned EV Rebate Program, offering up to $4,000 in rebates.

With over 700,000 EVs in PG&E's service area (1 in 8 EVs nationwide), the company aims to serve 3 million EVs by 2030. PG&E estimates the next million EVs could reduce residential electric rates by 2-3%. Income-qualified customers can charge EVs for as low as $1.88 per gallon equivalent during off-peak hours.

Key initiatives include:

• 50-100% rebates on Level 2 residential charging equipment
• EV Charge Manager program with $75 reward
• Three Time-of-Use rate plans for cost savings
• Upcoming pilots for affordable public charging and electrical panel upgrades

PG&E introduces innovative Flexible Service Connection (Flex Connect) solution to speed up EV charger and battery connections to the power grid. This cloud-based system allows customers to connect without waiting for infrastructure upgrades by managing power demand based on availability.

Key achievements include:

• Helped Tesla connect two new Supercharger sites in California, enabling 2MW power delivery with flexible capacity during peak times
• Enabled PepsiCo to expand its EV semi-truck fleet from 30 to 50 vehicles 18 months ahead of schedule, reducing CO2 emissions by 8,000 tons
• Connected Revel EV chargers in San Francisco, Oakland, and South San Francisco

The system uses Distributed Energy Resource Management System (DERMS), developed with Microsoft and Schneider Electric, to coordinate power demand. PG&E plans to expand DERMS for load management programs and battery storage systems, with new installations planned in Yuba City and Kern County by mid-2025.

PG&E highlights its drone fleet operations ahead of National Drone Safety Day (April 26), showcasing how autonomous aerial systems enhance their infrastructure inspection capabilities. In 2024, the company conducted over 250,000 drone inspections of distribution structures and 42,000 missions on transmission equipment across Northern and Central California.

The drones, operated by FAA-licensed pilots, enable close inspection of assets to identify potential risks and necessary repairs. The company emphasizes its commitment to customer privacy, stating that drone operations are strictly to infrastructure inspection, avoiding imagery of private property.

PG&E implements a comprehensive notification system for drone operations, alerting customers through their preferred communication method and Nextdoor. All flights are registered through PG&E's aviation dispatch center FlightCore to prevent conflicts with other air traffic.