PG&E Us Stock Price, News & Analysis

Pacific Gas and Electric Company (PG&E) offers energy-saving tips for Thanksgiving amid pandemic-related changes. Senior VP Laurie Giammona emphasizes safety and cost reduction for festive gatherings. Key advice includes keeping the oven door closed, using the stove, installing dimmer switches, and efficiently using dishwashers. PG&E highlights fire safety, particularly concerning turkey fryers. Customers are urged to follow CDC guidelines for COVID-19 safety. PG&E serves 16 million people in California, positioning itself as a leading energy provider.

Pacific Gas and Electric Company (PCG) is offering free in-home gas safety inspections as winter approaches. These inspections are crucial for ensuring appliances like water heaters and furnaces operate safely, reducing carbon monoxide risks. Customers can schedule an inspection by calling 1-800-743-5000. During the pandemic, PG&E technicians follow strict health protocols to ensure safety. The press release also includes tips for winter gas safety, such as installing carbon monoxide detectors and proper ventilation for gas appliances.

PG&E Corporation (NYSE: PCG) has appointed Patricia K. Poppe as Chief Executive Officer, effective January 4, 2021. Previously the CEO of CMS Energy, Poppe enhances PG&E's leadership with her extensive utility experience, focusing on clean energy and customer satisfaction. Under her tenure at CMS Energy, she led a 70% reduction in safety incidents and achieved significant customer savings through efficiency programs. Poppe's appointment follows a thorough national search, and she aims to strengthen PG&E's operations and community trust while navigating future challenges.

Pacific Gas and Electric Company (PG&E) is warning customers about potential power outages due to an incoming storm across Northern and Central California. Meteorologists predict rain, gusty winds, and possible thunderstorms starting overnight. PG&E's meteorology team has developed a Storm Outage Prediction Model to manage storm impacts effectively. Customers are advised to prepare by following key safety tips, including using generators safely and securing outdoor items. PG&E serves 16 million people and is focused on providing reliable power amidst adverse weather conditions.

PG&E is intensifying efforts against utility scams during Utility Scam Awareness Week from November 16-23, 2020. In collaboration with Utilities United Against Scams (UUAS), the company aims to educate customers on recognizing and reporting fraudulent activities. Scammers are increasingly targeting vulnerable populations, employing tactics like demanding immediate payments and offering fake refunds. UUAS has successfully eliminated nearly 9,500 scam numbers, demonstrating the efficacy of its awareness initiatives. PG&E reassures customers it will never request personal financial information through unsolicited contacts.

Pacific Gas and Electric Company (PG&E) has announced the awarding of 150 STEM scholarships worth $500,000 to deserving students in Northern and Central California. Funded through Employee Resource Groups and the Better Together STEM scholarship program, awards range from $1,000 to $10,000. The initiative aims to alleviate educational costs for students pursuing degrees in engineering, computer science, cybersecurity, and environmental sciences. Since 2012, PG&E has granted nearly $3.6 million through the Better Together program, supporting students based on leadership, need, and academic success.

Pacific Gas and Electric Company (PCG) has announced a significant drop in temperatures for Northern California, with forecasts predicting a decline of 15 to 20 degrees and potential snowfall by Friday. The company emphasizes safety precautions for heating homes during this cold front. Electric and fuel-burning appliances pose fire and carbon monoxide risks, prompting PG&E to advise on proper usage and maintenance. Local weather predictions indicate lows of 39 degrees in Santa Rosa and highs of 35 in Lake Tahoe by Sunday. Customers are urged to check carbon monoxide detectors and stay vigilant.

PACIFIC GAS AND ELECTRIC COMPANY (PCG) is enhancing support for customers relying on medical equipment during Public Safety Power Shutoff (PSPS) events. In partnership with local organizations, PG&E offers backup batteries, accessible transportation, hotel stays, and food stipends to vulnerable customers affected by power outages. As of October, programs have provided over 2,500 batteries, coordinated hotel stays for over 400 customers, and given more than 525 food stipends. PG&E emphasizes the importance of preparedness and encourages affected customers to connect with local resources.

PG&E Corporation (PCG) reported third-quarter 2020 income of $83 million, or $0.04 per share, a significant recovery from a loss of $1.6 billion, or $3.06 per share, in Q3 2019. Non-GAAP core earnings were $461 million, or $0.22 per share, down from $590 million, or $1.11 per share, due to increased shares and wildfire mitigation costs. The company adjusted its 2020 guidance, projecting GAAP losses of $1.00 to $1.06 per share, and core earnings between $1.60 and $1.63 per share. PG&E is committed to wildfire mitigation and plans to sell its San Francisco office complex.