PG&E Corporation, Utility Subsidiary Pacific Gas and Electric Company Announce Changes in Team Structures, Part of Positioning Company to Better Serve Customers and Hometowns

Rhea-AI Summary

PG&E Corporation (NYSE:PCG) announced organizational changes effective Jan 1, 2026 to align leadership with local customer needs across Northern and Central California. Sumeet Singh will become CEO, Pacific Gas and Electric Company and EVP, Energy Delivery; new teams will integrate operations, engineering and shared services to deliver safe, reliable, affordable and clean energy to more than 16 million Californians.

Other moves include Carla Peterman as President, PG&E Corporation, Jason Glickman as EVP Strategy and Growth, and Marlene Santos as Chief Transformation Officer. The release highlights recent progress: zero major wildfires caused by PG&E equipment in three years, residential electric rates down three times since Jan 2024 with another drop expected in 2026, and methane emissions -52% since 2015.

Positive

• Sumeet Singh named CEO, Pacific Gas and Electric Company effective Jan 1, 2026
• Energy Delivery to integrate operations, engineering and shared services
• Serving >16 million Californians with integrated delivery focus
• Residential electric rates lowered three times since Jan 2024; another cut expected in 2026
• Methane emissions down 52% since 2015, surpassing 2025 target

Negative

• None.

Key Figures

Customers served more than 16 million Californians served by PG&E utility operations

Major wildfires 0 in past three years Wildfires caused by PG&E equipment

Residential rate cuts 3 decreases since January 2024 Residential electric rates trend

Methane reduction 52% since 2015 Methane emissions reduction vs. 2015 baseline

Leadership change date January 1, 2026 Effective date for new executive roles

Market Reality Check

$15.77 Last Close

Volume Volume 27,392,835 vs. 20-day average 27,125,765 (relative volume 1.01x – essentially normal) normal

Technical Price 15.27 is trading below 200-day MA 15.7, indicating a weak longer-term trend into this leadership news

Peers on Argus

PCG fell 0.59% while peers like ED, WEC, DTE, ETR, and PEG were also down modestly (about 0.46–1.12%), suggesting a generally soft utilities tape but no strong sector momentum signal.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 12	Dividend declaration	Positive	+2.2%	Declared Q4 2025 common and preferred stock cash dividends.
Dec 11	Grid innovation demo	Positive	-1.7%	Launched Dynamic Line Rating and Asset Health Monitoring field demo.
Nov 19	Wildfire mitigation update	Positive	-2.7%	Reported 1,000 miles undergrounded and strong public support; noted CPUC risk.
Nov 18	Customer efficiency tips	Neutral	-2.7%	Shared seasonal energy‑saving guidance and customer support programs.
Nov 18	Scam awareness	Neutral	-1.1%	Warned customers about utility scams and reported 2025 scam statistics.

Pattern Detected

Recent news has often seen negative or muted price reactions, even to operational or customer-focused positives, with only the dividend headline showing a clear positive alignment.

Recent Company History

Over the past months, PG&E has mixed operational and customer-focused news with modest market reactions. A $0.05 Q4 2025 common dividend announcement on Dec 12 saw a 2.23% gain, but grid innovation and wildfire‑mitigation related updates in November produced declines of about 1–3%. Customer education and scam‑awareness releases likewise coincided with small losses. Today’s leadership and organizational restructuring fits the pattern of operationally focused news intended to improve service, following earlier safety, reliability and customer-engagement initiatives.

Market Pulse Summary

This announcement details a leadership and organizational restructuring effective January 1, 2026, aiming to integrate energy delivery, customer engagement, strategy and transformation functions. It highlights operational progress such as 0 major wildfires in three years, three residential rate reductions since January 2024, and a 52% cut in methane emissions since 2015. Investors may track how the new structure affects reliability, customer bills, regulatory relationships, and execution on California’s growing energy demand.

Key Terms

methane emissions technical

"Methane emissions are down 52% since 2015, surpassing PG&E's 2025"

Methane emissions are releases of methane gas into the atmosphere from sources like oil and gas operations, landfills, and livestock; think of it as a fast-rising greenhouse gas escaping from a leaky pipe. For investors, methane levels matter because they drive regulatory scrutiny, potential fines, cleanup costs, and reputational risk, and they influence a company's exposure to carbon pricing and long-term valuations tied to climate policies.

AI-generated analysis. Not financial advice.

OAKLAND, Calif., Dec. 17, 2025 /PRNewswire/ -- In a message to coworkers, PG&E Corporation CEO Patti Poppe announced organizational changes to further improve service for customers and hometowns in Northern and Central California today and into the future.

PG&E Corporation is a holding company, and its utility subsidiary is Pacific Gas and Electric Company (together, "PG&E").

The organizational changes are intended to ensure PG&E is more closely connected to local hometown needs and that it continues to meet the growing demand for energy in California in the coming years.

The changes include new roles for several current senior leaders as approved by the Boards of Directors for PG&E Corporation and Pacific Gas and Electric Company, effective January 1, 2026. Poppe will continue to oversee these roles.

• Sumeet Singh will become Chief Executive Officer, Pacific Gas and Electric Company, and Executive Vice President, Energy Delivery. Singh has served as EVP, Operations and Chief Operating Officer since 2023 and has been with PG&E since 2000. In the months ahead, the newly established Energy Delivery function will combine operational teams with engineering and shared services teams. This integration will strengthen the end-to-end delivery of safe, reliable, affordable and clean energy for the more than 16 million Californians PG&E serves every day. 
  
  
• Carla Peterman will become President, PG&E Corporation, and Executive Vice President, Customer & Corporate Affairs. Peterman has served as EVP, Corporate Affairs and Chief Sustainability Officer since joining PG&E in 2021. The new Customer & Corporate Affairs group combines teams that support and engage with PG&E customers, policymakers and external groups, with a focus on further aligning our work, rates and public policies to meet customer needs.
  
  
• Jason Glickman will become Executive Vice President, Strategy and Growth. This newly formed team will focus on long-term strategic planning, collaborating with customers and partners to address California's rapidly growing energy demand—delivering safe, reliable, affordable and clean solutions for the world's fourth largest economy. Since joining PG&E in 2021, Glickman has held the position of Executive Vice President, Engineering, Planning & Strategy. 
  
  
• Marlene Santos will become Chief Transformation Officer and Executive Vice President, Enterprise Transformation Office. Santos has served as EVP and Chief Customer & Enterprise Solutions Officer, joining PG&E in 2021. Her new team will focus on modernizing and standardizing business processes across the company, including evolving its Lean operating system to be part of a holistic business system to improve service and reduce customer bills.
  
  
• Chris Patterson will become Senior Vice President, Government Affairs. Patterson has served as Vice President, State Government Relations and joined PG&E in 2018. His team will include legislative and policy advocacy work across local, state and federal agencies.
  
  
• Vincent Davis, who has led strategy for all aspects of the customer experience since 2023, will take on the title of Senior Vice President and Chief Customer Officer. Davis has been at PG&E since 2013.
  
  
• Aaron Johnson will become Senior Vice President, Local Customer & Community Engagement and Chief Sustainability Officer. Johnson, who joined PG&E in 2008, will lead a new combined team focused on regional customer engagement, philanthropy and sustainability.

These changes do not increase the number of Officers on the team.

Poppe, who joined PG&E in 2021, announced last year an additional five-year commitment to leading as CEO, PG&E Corporation.

"I love our customers, I love our hometowns, and I love the company we are building to best serve their energy needs. We want to be our customers' hometown gas and electric utility, in touch with their unique needs and enabling their growth and prosperity. These organizational changes are designed to take our performance to the next level and strengthen our leadership capacity now and for years to come," Poppe said.

"Patti and the leadership team have demonstrated real progress in recent years for the people and communities that PG&E serves. We know there's more work to do to earn trust, improve our service and find savings for customers. This is the team that will continue to deliver," said Kerry Cooper, Chair, PG&E Corporation Board of Directors.

Among PG&E's progress proof points in recent years:

• Zero major wildfires caused by PG&E equipment in the past three years.
• Residential electric rates have dropped three times since January 2024 and are expected to decrease again in 2026.
• Brand trust improved faster this year than any other major utility in America.
• Methane emissions are down 52% since 2015, surpassing PG&E's 2025 commitment of 20%.

About PG&E Corporation and Pacific Gas and Electric Company

PG&E Corporation (NYSE: PCG) is a holding company headquartered in Oakland, California. It is the parent company of Pacific Gas and Electric Company, an energy company that serves 16 million Californians across a 70,000-square-mile service area in Northern and Central California. For more information, visit http://www.pgecorp.com and www.pge.com.

 

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SOURCE PG&E Corporation

FAQ

Who will be CEO of Pacific Gas and Electric Company after Jan 1, 2026?

Sumeet Singh will become CEO, Pacific Gas and Electric Company effective Jan 1, 2026.

What is PG&E's new Energy Delivery function and why does it matter for PCG shareholders?

The Energy Delivery function will combine operations, engineering and shared services to strengthen end-to-end delivery for >16 million customers, aiming to improve reliability and costs.

Which PG&E executive becomes President of PG&E Corporation and what is their role?

Carla Peterman becomes President, PG&E Corporation and EVP, Customer & Corporate Affairs, aligning customer, policy and rate work.

What recent performance metrics did PG&E cite that could affect investor outlook for PCG?

PG&E cited zero major wildfires from its equipment in three years, residential rates cut three times since Jan 2024, and methane emissions down 52% since 2015.

Will these organizational changes increase the number of company officers at PCG?

No, the announcement states these changes do not increase the number of officers.

Who is PG&E's Chief Transformation Officer and what will they focus on?

Marlene Santos becomes Chief Transformation Officer, focusing on modernizing and standardizing business processes and evolving the Lean operating system.