Pacific Gas & Electric Co. (PCG) News

Pacific Gas & Electric Co. (PCG)

Today's Latest Price: $12.82 USD

0.12 (0.94%)

Updated Nov 24 7:00pm

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Ranked of 62 in Utilities - Domestic

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Latest PCG News From Around the Web

Below are the latest news stories about PG&E Corp that investors may wish to consider to help them evaluate PCG as an investment opportunity.

Can PG&E Keep The Lights On?

Investment Thesis Pacific Gas & Electric (PCG) is the largest investor owned utility in California, serving central and northern California. PCG emerged from wildfire liability induced bankruptcy on 1 July 2020. Its financial status has been covered by recent Seeking Alpha articles; most recently here and here. I want to...

ISTJ Investor on Seeking Alpha | September 28, 2020

PG&E to cut power in parts of California in fire prevention effort

PG&E (PCG) plans to cut power to 267K residents of northern California in its latest attempt to prevent its power lines from falling and starting wildfires in high winds.The utility says the outages will occur in phases starting overnight in portions of 16 counties, located primarily north of Sacramento and...

Seeking Alpha | September 27, 2020

PG&E CFO Wells jumps to CenterPoint Energy

PG&E (PCG) says CFO Jason Wells will depart the company effective Sept. 25 to join CenterPoint Energy (CNP) as its new CFO.Wells held roles of increasing responsibility over the past 13 years at PG&E and became Senior VP and CFO in 2016.Kristie Colvin has served as CenterPoint's interim Executive VP...

Seeking Alpha | September 17, 2020

As high winds near, PG&E warns of power outages

PG&E (PCG) may cut off electricity to 103,000 of its customers in the San Francisco Bay Area and the Sierra Nevada foothills tonight to keep power lines from tangling with tree limbs and sparking fires.The warning comes after California narrowly escaped rotating blackouts Sunday, as a holiday weekend heat wave...

Seeking Alpha | September 7, 2020

Hedge Fund Collects $3 Billion in Bet on Wildfire Insurance Claims

Baupost Group, the hedge fund run by Seth Klarman, received more than $3 billion in July from its bet on insurance claims against PG&E Corp. connected to a series of deadly California wildfires, according to people with knowledge of the …

Insurance Journal | August 24, 2020

What To Know About Tesla And PG&E's 'Landmark' Battery Energy Storage System

When it comes to Tesla Inc (NASDAQ: TSLA), most people's first thought is cars or self-driving technology. But the company is working on many other things, including solar energy production, and battery technology. These batteries are used in the company's cars, but they're also put to use for home and grid energy storage.What Happened: PG&E Corporation (NYSE: PCG) and Tesla announced on Wednesday they have begun work on a world record 182.5MW, 730MWh battery storage facility. For reference, the average U.S. home uses 10.9MWh per year.The system will be designed, constructed, and maintained by PG&E and Tesla, and will be owned and operated by PG&E. The controversy-plagued PG&E is planning to have the system fully operational by the end of 2021.Why It's Important: The sys...

Yahoo | July 30, 2020

PG&E Stocks Ticks Up After Its First Post-Bankruptcy Earnings Report

The utility PG&E booked a one-time $150 million charge for the Kincade Fire net of insurance, after California’s fire authority said earlier this month that the utility’s equipment caused that fire.

Yahoo | July 30, 2020

PG&E Corporation (PCG) Q2 Earnings Beat, Revenues Up Y/Y

PG&E Corporation's (PCG) electric revenues increase 16.6% from the prior-year quarter's figure, while natural gas revenues improve 10.1% year over year in the second quarter.

Yahoo | July 30, 2020

PG&E Corporation Reports Second-Quarter 2020 Financial Results, Initiates 2020 and 2021 Earnings and EPS Guidance

PG&E Corporation (NYSE: PCG) recorded second-quarter 2020 losses attributable to common shareholders of $1,972 million, or $3.73 per share, as reported in accordance with generally accepted accounting principles (GAAP). This compares with losses attributable to common shareholders of $2,553 million, or $4.83 per share, for the second quarter of 2019.

Yahoo | July 30, 2020

PG&E Teams Up With Tesla to Build a Giant Battery Storage System for California

Today, the company most famous for building electric cars, but that's also getting increasingly famous for building big batteries (for utility-scale storage of electricity), announced its latest project. In cooperation with California electric utility Pacific Gas and Electric Company (NYSE: PCG), Tesla will build a 182.5 megawatt (MW) lithium-ion battery energy storage system at the PG&E substation in Moss Landing, Monterey County, Calif. Tesla's battery warehouse project in Australia, smaller than the one being built for PG&E. Image source: Tesla.

Yahoo | July 29, 2020



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