PG&E Us Stock Price, News & Analysis

Westbank and PG&E have announced a groundbreaking proposal for a net zero community in downtown San Jose. The project includes three data centers and approximately 4,000 residential units, combining AI infrastructure with housing development. PG&E will supply about 200 megawatts of energy to power the data centers, featuring an innovative district energy system that repurposes excess heat for neighboring buildings' heating and hot water needs.

The project, supported by San Jose Mayor Matt Mahan, aims to reduce carbon footprints and lower electricity costs for connected tenants. Plug and Play is set to be the first tenant with their AI Center of Excellence, which will include an accelerator, exhibition halls, and a learning center.

PG&E is offering free in-home gas safety checks to help customers prepare for winter. The service includes gas appliance inspections and pilot light re-lighting for heaters and appliances that were inactive during warmer months. This initiative aims to prevent carbon monoxide (CO) poisoning, which has led to over 6,000 suspected incidents in 2024 alone.

The service ensures safe and efficient operation of water heaters, furnaces, and ovens. According to CDC data, CO poisoning causes over 400 deaths, 100,000 emergency room visits, and 14,000 hospitalizations annually in the US. Customers can schedule appointments online at pge.com/pilotlights or call 800-743-5000.

PG&E (PCG) reported strong Q3 2024 financial results with GAAP earnings of $0.27 per share, up from $0.16 in Q3 2023. Non-GAAP core earnings reached $0.37 per share, compared to $0.24 in the same period last year. The company updated its 2024 GAAP EPS guidance to $1.09-$1.14 and narrowed non-GAAP core EPS guidance to $1.34-$1.37. For 2025, PG&E initiated GAAP EPS guidance of $1.30-$1.36 and non-GAAP core EPS of $1.47-$1.51. The company added $1 billion to its 2024-2028 capital plan, bringing the total to $63 billion, and reaffirmed no equity needs in 2024 with $3 billion equity needs for 2025-2028.

Pacific Gas and Electric Company (PG&E) has released its 2024 R&D strategy report, highlighting artificial intelligence as a key component for achieving clean energy goals and improving customer experience. The company currently employs AI in various operations including meteorology, planning, inspections, monitoring, maintenance, and customer communications. These AI applications enhance wildfire risk management and operational performance.

The report outlines opportunities for AI to improve data analysis, expand capacity, reduce emissions, stabilize bills, and enhance customer service. PG&E will further discuss AI and other innovations at its 2024 Innovation Summit on November 13 in San Jose, California, where it plans to showcase breakthrough innovations and facilitate industry collaboration.

Pacific Gas and Electric Company (PG&E) is raising awareness about phantom power and its impact on energy bills. These silent energy suckers can account for nearly a quarter of customers' annual electricity bills, costing the average U.S. household up to $200 a year. PG&E offers several tips to reduce energy consumption:

• Unplug devices when not in use
• Use advanced power strips
• Turn off lights when leaving a room
• Upgrade to Energy Star® certified appliances
• Utilize PG&E's free energy-saving tools

PG&E also highlights various energy efficiency support programs such as the Energy Savings Assistance (ESA) program, GoGreen Home Financing, and Golden State Rebates. These initiatives aim to help customers reduce energy consumption and save money on their monthly bills.

PG&E's 2024 Innovation Summit, presented in collaboration with DISTRIBUTECH® on November 13 in San Jose, will showcase novel climate-tech solutions and technologies. The event features demonstrations of AI for nuclear power generation, carbon-sequestering biochar, long-duration energy storage, EV charging management, real-time fault detection sensors, and advanced drones for system inspections.

The summit's speaker lineup includes leaders from Eaton, GE Vernova, and NVIDIA. The technology showcase will feature demonstrations by PG&E and peer utilities, highlighting innovations in utility undergrounding, wildfire prevention, energy storage, and grid management. Companies like Blue Grit Robotics, BurnBot, Earth Foundries, Form Energy, Gridware, and IND Technology will present their cutting-edge solutions.

PG&E aims to address emerging challenges across its operations and transform the energy system to benefit California's future. The summit offers both in-person and virtual attendance options.

Pacific Gas and Electric Company (PG&E) is monitoring a potential wind event that may require a Public Safety Power Shutoff (PSPS) for approximately 20,000 customers across 24 counties starting October 17, 2024. The scope has been reduced from earlier estimates due to favorable weather conditions. The PSPS could affect portions of counties including Alameda, Butte, Colusa, Contra Costa, Fresno, Glenn, Lake, Madera, Mariposa, Mendocino, Merced, Monterey, Napa, Plumas, San Benito, Santa Barbara, Santa Clara, Santa Cruz, Shasta, Solano, Sonoma, Stanislaus, Tehama, and Yolo.

PG&E has removed nine counties and over 10,000 customers from the scope due to substantial wetting rainfall. The company will open Community Resource Centers in impacted areas to provide support. Customers are encouraged to prepare for potential outages and can find more information on PG&E's emergency website, which is now available in 16 languages.

Pacific Gas and Electric Company (PG&E) is monitoring a potential wind event forecasted to affect parts of their service area from Thursday noon to Saturday midday. Due to strong winds and dry conditions, PG&E may need to implement a Public Safety Power Shutoff (PSPS) affecting approximately 28,000 customers across several counties in California, including areas in the North Bay, East Bay, Central Coast, and Sierra Nevadas.

PG&E has begun sending advanced notifications to customers in targeted areas. The company's Emergency Operations Center is open, and meteorologists are closely monitoring the situation. Customers can check if their location is being monitored for potential safety shutoff at www.pge.com/pspsupdates. PG&E initiates PSPS when severe fire-weather conditions pose a danger to people's safety, lives, homes, and businesses.

PG&E (NYSE: PCG) announced that Kerry Cooper will succeed Robert Flexon as Chair of the Board of Directors, effective October 31, 2024. Flexon, who has been on PG&E boards since 2020, is leaving to take a CEO role at another utility company. Cooper, a board member since 2020, brings extensive experience in customer-oriented leadership roles, including CEO at Choose Energy and executive positions at Rothy's, Walmart, and Levi Strauss.

Cooper holds a BS in mechanical engineering from the University of Texas at Austin and an MBA from Harvard University. She is a Northern California resident and PG&E customer. CEO Patti Poppe expressed gratitude for Flexon's contributions and confidence in Cooper's ability to lead the company towards improved customer outcomes and trust.