PCG Stock Recent News
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PG&E CEO Patti Poppe discusses California as we head toward the height of wildfire season and says the companies infrastructure is safer than ever before. She also discusses how artificial intelligence can combat the spread of wildfires in an interview with Bloomberg's Ed Ludlow on "Bloomberg Technology.
PG&E (PCG) came out with quarterly earnings of $0.23 per share, missing the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.25 per share a year ago.
PG&E Corp on Thursday reported a rise in second-quarter profit, primarily driven by lower costs related to wildfire claims and bankruptcy filings.
Investors should keep a tab on Pool Corporation (POOL), Salesforce (CRM) and Microsoft (MSFT), which deeply cares about sustainability initiatives.
The utility is applying for cash from an Energy Department program that funds critical projects.
PORTLAND, Ore. — A jury in Oregon on Monday found the electric utility PacifiCorp responsible for causing devastating fires during Labor Day weekend in 2020, ordering the company to pay tens of millions of dollars to 17 homeowners who sued and finding it liable for broader damages that could push the total award into the billions.
PG&E Corporation held an investor day on May 24th. PG&E has implemented changes to reduce wildfire risks, including adjusting recloser operations to minimize ignition chances. The company plans to spend over $110B in CAPEX over the next ten years, but expects to keep rate increases equal to inflation.
REDDING, Calif. — A California judge on Wednesday dismissed all charges against Pacific Gas & Electric in connection to a 2020 fatal wildfire sparked by its equipment that destroyed hundreds of homes and killed four people, including an 8-year-old child.
A unit of utility firm PG&E Corp said on Wednesday that it would pay $50 million to settle certain charges related to the deadly Zogg wildfires of 2020.
The Utilities sector P/E has fallen slightly lately, but the group remains valued about 17 times next-12-month EPS. I continue to have a favorable outlook on PCG shares given its bottom-line growth trajectory and likely dividend reinstatement later this year.