PG&E Us Stock Price, News & Analysis

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.

PG&E Corporation (NYSE: PCG) reported a full-year loss of $1.3 billion, or $1.05 per share, alongside a fourth-quarter income of $200 million, or $0.09 per share. This marks a significant improvement from a loss of $7.7 billion for 2019. Key non-core expenses totaled $3.3 billion. The company emerged from Chapter 11 bankruptcy in July 2020 and aims for 10% earnings per share growth in 2021. A deal with SBA Communications will generate $973 million, helping to strengthen PG&E's financial position while benefiting customers through lower bills.

Pacific Gas and Electric Company (PG&E) has appointed Marlene Santos as Executive Vice President and Chief Customer Officer effective March 15, 2021. Santos, who previously served as President of Gulf Power Company, will oversee customer services supporting over 16 million customers in Northern and Central California. Her extensive experience includes improving safety, reducing operating costs, and enhancing customer satisfaction. PG&E aims to enhance customer experience as part of its regionalization efforts, ensuring that customer needs remain a priority in its operations.

Pacific Gas and Electric Company (PCG) has launched its first public electric vehicle (EV) fast chargers through its EV Fast Charge program at a 7-Eleven store in West Sacramento. The new 125kW-capable chargers aim to increase EV adoption by providing essential fast charging options for drivers. This initiative aligns with California's goal to have 5 million zero-emission vehicles by 2030. PG&E plans to collaborate with 7-Eleven to extend fast charger installations, supporting long-distance travel and enhancing driver confidence in EV use.

Pacific Gas and Electric Company (PCG) appointed Joseph Forline as Senior Vice President of Gas Operations, effective March 8, 2021. Reporting to COO Adam Wright, Forline will oversee gas transmission and distribution, enhancing safety and operational efficiency. With 35 years at PSE&G, he led significant gas operations initiatives, including a $2 billion gas replacement program, positioning PSE&G among the top 10 U.S. gas companies. Forline's extensive expertise aims to strengthen PG&E’s commitment to safety and customer service.

Pacific Gas and Electric Company (PCG) is extending its COVID-19 customer protections until June 30, 2021, after a vote by the California Public Utilities Commission. These measures include a moratorium on service disconnections for non-payment and waived security deposits for small commercial customers. PG&E continues to assist customers facing economic difficulties through flexible payment plans and various financial assistance programs. To date, PG&E has successfully connected with over 42,000 customers to help them save more than $5 million by adjusting their rates.

Pacific Gas and Electric Company (PCG) announces the California Clean Fuel Reward program offering consumers up to $1,500 off the purchase or lease of eligible electric vehicles (EVs). The incentive aims to make EVs more affordable, particularly for low-income families. The reward can be applied directly at participating retailers without additional paperwork. Eligible vehicles include over 20 models from 15 manufacturers, with the potential for combined savings exceeding $10,000 with additional incentives. The program supports California's goal of increasing electric vehicle adoption for a cleaner environment.

Pacific Gas and Electric Company (PCG) has issued a warning ahead of Valentine’s Day regarding the dangers of metallic balloons. In 2020, these balloons caused 453 power outages impacting over 250,000 customers, reflecting a nearly 30% rise from 2019. With the pandemic leading to more at-home celebrations, PG&E emphasizes safety tips, including securing helium balloons and keeping them indoors. The top cities affected last year were Bakersfield, San Jose, Oakland, Stockton, and San Francisco. PG&E aims to prevent outages and ensure a safe holiday for all.