PG&E Us Stock Price, News & Analysis

Pacific Gas and Electric Company (PG&E) has appointed Barry J. “Joe” Bentley as the new Senior Vice President of Electric Engineering, effective March 22, 2021. Bentley will oversee engineering and strategy for PG&E's extensive electric system, comprising about 100,000 miles of transmission and distribution lines. He has a notable background, previously serving as Senior Vice President at AES Corporation, and possesses significant experience in utility operations. Bentley aims to enhance PG&E's safety and efficiency while contributing to California's clean energy objectives.

PG&E urges customers to be vigilant against utility scams amid the pandemic. Scammers are increasingly targeting customers, particularly vulnerable groups, with deceptive tactics. PG&E emphasizes that they will never ask for immediate payment within one hour of disconnection or request payment via prepaid cards. Customers are encouraged to register for My Account for account security and can designate family members to assist them. Signs of potential scams include threats of immediate disconnection, requests for prepaid cards, and spoofed phone numbers. Reporting suspected fraud is critical.

Pacific Gas and Electric Company (PCG), along with SDG&E and SCE, proposed to modernize California’s rooftop solar program to enhance customer equity and support clean energy goals. The plan, submitted to the California Public Utilities Commission, focuses on compensating future rooftop solar customers for excess energy exported to the grid. Currently, non-solar customers pay approximately $3 billion more annually to subsidize existing solar customers. The proposal aims to rectify this by ensuring fair cost-sharing among all customers and encouraging solar adoption, especially for lower-income households.

Pacific Gas and Electric Company (PCG) has surpassed California's Renewable Portfolio Standard goal of 33% renewable energy, achieving over 35% in 2020. Over 88% of the electricity supplied came from greenhouse gas-free resources. Major highlights include a 45% contribution from large-scale solar energy and investments in over 1,400 MWs of battery energy storage to enhance grid reliability. PG&E is on track to meet future state renewable energy goals, including a 60% target by 2030, as mandated by recent legislation.

Pacific Gas and Electric (PCG) is preparing for incoming storms in Northern and Central California, following a record-dry February with only 0.20 inches of precipitation. PG&E meteorologists expect valley rain, low-altitude snow, and possible thunderstorms through Wednesday. The company has implemented a Storm Outage Prediction Model to efficiently respond to outages. Customers are advised to prepare for potential power outages with safety tips including avoiding downed wires and using flashlights instead of candles. PG&E serves over 16 million people in California.

Pacific Gas and Electric Company (PG&E) is launching a new web resource, Right Tree, Right Place, to support safe tree planting during California Arbor Week (March 7-14). This initiative offers rules, tips, and guidelines for planting trees near electric and gas lines, helping to enhance fire safety and reduce power outages. Customers can download brochures that detail safe planting practices, including checking underground utilities before digging. PG&E encourages adherence to fire safety standards to mitigate wildfire risks across Central and Northern California.

Pacific Gas and Electric Company (PCG) informed the California Public Utilities Commission (CPUC) about missed inspections of 24 hydroelectric substations and five distribution poles due to an error in its System Inspection Program. This oversight, which affects less than 0.01% of inspected structures, is being addressed with immediate inspections scheduled by March 13 for Tier 3 and March 31 for Tier 2 facilities. PG&E is also conducting a root cause evaluation and updating records to ensure compliance with safety commitments.

Pacific Gas and Electric Company (PCG) reports a potential 10% increase in residential energy usage due to the pandemic. To assist customers in reducing energy consumption, they launched a new webpage offering energy-saving tips focusing on electronics, heating and cooling, and lighting. Suggestions include using smart thermostats, turning off idle electronics, and leveraging natural lighting. Further resources include financial assistance programs and energy-saving rebates. This initiative aims to help customers make cost-effective changes to their energy habits at home.

Pacific Gas and Electric Company (PCG) responded to a draft resolution from the California Public Utilities Commission (CPUC) proposing Enhanced Oversight and Enforcement due to deficiencies in their Enhanced Vegetation Management program. The CPUC's draft demands a corrective action plan and progress reports from PG&E. PG&E acknowledges past shortcomings and is committed to taking corrective actions. The company has already implemented several enhancements, including a risk-focused wildfire management strategy and increased transparency measures. PG&E will respond to the CPUC's resolution within 20 days, with further oversight expected.