PCG - PG&E Corporation

NYSE - NYSE Delayed Price. Currency in USD
11.83
-0.01 (-0.08%)
At close: 4:00PM EDT
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Previous close11.84
Open11.80
Bid0.00 x 800
Ask12.30 x 2200
Day's range11.78 - 12.13
52-week range3.55 - 25.19
Volume5,123,121
Avg. volume10,971,481
Market cap6.267B
Beta (5Y monthly)0.65
PE ratio (TTM)N/A
EPS (TTM)-20.75
Earnings date22 Jul 2020 - 27 Jul 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend date28 Sep 2017
1y target est14.19
  • Associated Press

    3 killed when helicopter hits power line in California

    Three people were killed when a helicopter contracted by Pacific Gas & Electric struck one of the utility's power lines and crashed into a Northern California hillside on Tuesday, igniting a grass fire and knocking out electricity to thousands of customers, officials said. The crash of the Bell 206 helicopter was reported around 1:30 p.m. along Interstate 80, midway between the cities of Fairfield and Vacaville. The aircraft was a third party helicopter contracted by PG&E, said utility spokeswoman Brandi Merlo.

  • Business Wire

    PG&E Reminds Customers: Keep Balloons Secure During Shelter-at-Home Birthday and Graduation Celebrations

    With the advent of shelter-at-home celebrations, Pacific Gas and Electric Company (PG&E) reminds its customers to celebrate responsibly if their birthday drive-bys or social-distancing graduation ceremonies include metallic balloons. Metallic balloons have a silvery coating, which conducts electricity. If the balloons make contact with power lines, they can short transformers, melt electric wires and cause power outages, all of which pose public safety risks.

  • 1 High-Yield Stock to Buy This June
    Motley Fool

    1 High-Yield Stock to Buy This June

    One of these is clean energy producer Clearway Energy (NYSE: CWEN)(NYSE: CWEN.A), which has already provided its investors one raise earlier this year and could give them an even bigger one later this summer. While electricity usage has fallen this year as a result of the COVID-19 outbreak, this issue hasn't impacted Clearway. Overall, Clearway expects to produce $310 million, or $1.56 per share, of cash available for dividends this year, which would be 22% above last year's level.

  • PG&E (PCG) Up 11.5% Since Last Earnings Report: Can It Continue?
    Zacks

    PG&E (PCG) Up 11.5% Since Last Earnings Report: Can It Continue?

    PG&E (PCG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Business Wire

    CPUC Approves PG&E’s Chapter 11 Plan of Reorganization

    Today, the California Public Utilities Commission (CPUC) approved the Chapter 11 Plan of Reorganization (the Plan) of PG&E Corporation and Pacific Gas and Electric Company (together, PG&E). The CPUC approval in its Plan of Reorganization Order Instituting Investigation proceeding completes another major milestone needed for PG&E to be eligible to participate in the State’s Wildfire Fund, and keeps the company on track for Bankruptcy Court confirmation of the Plan prior to June 30, 2020.

  • Regulators approve PG&E bankruptcy plan despite safety fears
    Associated Press

    Regulators approve PG&E bankruptcy plan despite safety fears

    California power regulators on Thursday unanimously approved Pacific Gas & Electric's $58 billion plan for getting out of a bankruptcy caused by a series of deadly wildfires, despite ongoing worries about the utility's ability to safely operate its crumbling electrical grid. The vote by the Public Utilities Commission came just a few hours after a federal judge ripped the company for continuing to engage in reckless behavior that he believes is endangering even more lives. U.S. District Judge William Alsup blasted PG&E for “flim flamming” him about its newfound commitment to safety in previous hearings.

  • PG&E's bankruptcy trial opens with attacks on voting process
    Associated Press

    PG&E's bankruptcy trial opens with attacks on voting process

    An effort to block Pacific Gas and Electric's path out of bankruptcy kicked off Wednesday's trial on the plan in bankruptcy court as critics of the utility questioned whether the overwhelming vote in favor of the plan by wildfire victims was tainted by conflicts of interest and shoddy counting. PG&E’s plan won support last week in a landslide, with victims overwhelmingly backing PG&E’s $58 billion proposal to emerge from bankruptcy after a year-and-half. Will Abrams, a survivor of a deadly 2017 wildfire blamed on PG&E's rickety electrical grid, and Francis Scarpulla, a lawyer representing a Northern California hospital destroyed in a 2018 fire, launched their attacks while questioning an executive for the firm that oversaw the voting.

  • PG&E nears end of bankruptcy amid persisting safety worries
    Associated Press

    PG&E nears end of bankruptcy amid persisting safety worries

    Pacific Gas & Electric limped into bankruptcy vilified for its long-running neglect of a crumbling electrical grid that ignited a succession of horrific Northern California wildfires. After nearly a year-and-a-half of wrangling during one of the most complex bankruptcy cases in U.S. history, it’s unclear if PG&E is now any better equipped to protect the 16 million people who rely on it for power. The drama is scheduled to enter its latest act Wednesday in a trial examining PG&E’s $58 billion plan to get out of bankruptcy.

  • Insurance industry looks to update risk models as climate risks escalate
    Yahoo Finance

    Insurance industry looks to update risk models as climate risks escalate

    With 2020 shaping up to be one of the hottest years on record, the insurance industry, already hobbled by the coronavirus pandemic, is bracing for another wave of insurance claims.

  • Business Wire

    PG&E Corporation Announces Final Voting Results on Plan of Reorganization

    PG&E Corporation announced today the final voting results on PG&E Corporation and Pacific Gas and Electric Company’s joint Chapter 11 Plan of Reorganization (the "Plan") as certified by Prime Clerk, PG&E’s court-authorized solicitation and balloting agent. The Plan received overwhelming support from all but one of the classes of impaired creditors and interest holders entitled to vote, including fire claimants, insurance subrogation claimants, public entity fire claimants, certain holders of prepetition funded debt and other creditors, and shareholders.

  • Business Wire

    PG&E’s CARE Program Helping Customers Who Have Been Financially Impacted by COVID-19

    Tens of thousands of income-eligible customers have applied to save 20 percent on their monthly energy bill by enrolling in Pacific Gas and Electric Company’s (PG&E) California Alternate Rates for Energy (CARE) Program since the start of the COVID-19 pandemic in March. The CARE program provides income-qualified households with discounts on their energy bills.

  • Business Wire

    Series of PG&E Webinars Keeps Customers and Communities Informed About Ongoing Safety Work to Prevent and Mitigate the Risk of Catastrophic Wildfires

    As Pacific Gas and Electric Company (PG&E) crews and contractors perform essential work to maintain gas and electric service, improve the safety of the system, further mitigate wildfire risks, and reduce Public Safety Power Shutoff (PSPS) impacts, the company also is taking steps to keep communities informed about this vital work.

  • Associated Press

    Officials: Email delays key vote on PG&E's bankruptcy plan

    California power regulators unexpectedly delayed a key vote Thursday on Pacific Gas & Electric's plan for getting out of bankruptcy after saying one of the utility's most outspoken critics sent an improper email attacking the company's proposal to pay wildfire victims. California Public Utilities Commission President Marybel Batjer was irked by the need to postpone the vote because of the email sent Tuesday by Will Abrams, a survivor of a 2017 wildfire that tore through his Santa Rosa hometown.

  • Business Wire

    PG&E Poised to Expand Battery Energy Storage Capacity by More Than 420 Megawatts

    Pacific Gas and Electric Company (PG&E) has requested approval of five energy storage projects totaling 423 megawatts (MW), in a filing with the California Public Utilities Commission (CPUC).

  • PG&E's bankruptcy plan wins support from wildfire victims
    Associated Press

    PG&E's bankruptcy plan wins support from wildfire victims

    Pacific Gas & Electric's plan for getting out of bankruptcy has won overwhelming support from the victims of deadly Northern California wildfires ignited by the utility's fraying electrical grid, despite concerns that they will be shortchanged by a $13.5 billion fund that's supposed to cover their losses. The backing of the wildfire victims keeps PG&E on track to meet a June 30 deadline to emerge from bankruptcy in time to qualify for a coverage from a California wildfire insurance fund created to help protect the utility from getting into financial trouble again. The current bankruptcy case, which began early last year, will require PG&E to pay out about $25.5 billion to cover the devastation caused by its neglect.

  • PG&E Sponsors 211 Service to Support Communities During COVID-19 and Other Disasters
    Business Wire

    PG&E Sponsors 211 Service to Support Communities During COVID-19 and Other Disasters

    Pacific Gas and Electric Company (PG&E) announced today that it is continuing its sponsorship of the Interface Children & Family Services 211 program (211) to help support communities in times of disaster. This sponsorship will help extend 211 coverage to all 58 California counties, 18 of which were previously unserved by 211, connecting more Californians to health information, social services and referrals through a comprehensive resource database via call specialists and texting. Today’s enhanced commitment brings the total sponsorship to $550,000 over the two-year period from 2019 through 2020.

  • Business Wire

    PG&E Corporation Announces Preliminary Voting Results on Plan of Reorganization

    PG&E Corporation announced today the preliminary voting results on PG&E Corporation and Pacific Gas and Electric Company’s joint Plan of Reorganization (the "Plan"), which indicate overwhelming acceptance of the Plan by the wildfire victims entitled to vote on the Plan. Based on the preliminary voting results, PG&E believes that it remains on track for Plan confirmation by June 30, 2020, the deadline under AB 1054.

  • Are Options Traders Betting on a Big Move in PG&E (PCG) Stock?
    Zacks

    Are Options Traders Betting on a Big Move in PG&E (PCG) Stock?

    Investors need to pay close attention to PG&E (PCG) stock based on the movements in the options market lately.

  • This High-Yielding Renewable Energy Stock Is Thriving Amid the Pandemic
    Motley Fool

    This High-Yielding Renewable Energy Stock Is Thriving Amid the Pandemic

    Clearway Energy (NYSE: CWEN) (NYSE: CWEN.A) has been largely immune to the impact the COVID-19 outbreak has had on electricity usage. Powering that surge was a 16% increase in electricity generation thanks to more favorable year-over-year wind and solar conditions across its portfolio.

  • Business Wire

    PG&E Helping Business Customers with Active Utility Loans to Reduce Financial Hardship During Pandemic

    Pacific Gas and Electric Company (PG&E) is offering additional support for business customers experiencing financial hardship as a result of the COVID-19 pandemic by offering temporary loan deferrals for customers with an active On-Bill Financing (OBF) loan under PG&E’s Energy Efficiency Financing program.

  • Business Wire

    PG&E Hosting Series of Webinars to Keep Customers and Communities Informed About Its Continuing Vital Safety Work to Prevent and Mitigate the Serious Risk of Catastrophic Wildfires

    Pacific Gas and Electric Company (PG&E) today shared that as its crews and contractors remain in the field performing essential work to maintain gas and electric service, improve the safety of the system, further mitigate wildfire risks, and reduce Public Safety Power Shutoff (PSPS) impacts, the company also is taking the steps necessary to keep communities informed about this vital wildfire prevention and safety work..

  • Business Wire

    Deadline Approaching for Eligible Creditors and Shareholders to Vote on PG&E’s Chapter 11 Plan of Reorganization

    PG&E Corporation and Pacific Gas and Electric Company (together, "PG&E") are sharing a reminder that the deadline for eligible parties to vote on PG&E’s Chapter 11 Plan of Reorganization (the "Plan") is in one week. All ballots must be received by the Court-appointed solicitation agent, Prime Clerk, by May 15, 2020, at 4:00 p.m. Pacific Time (PT) to be counted.

  • Regulators waive $200M fine on PG&E for causing deadly fires
    Associated Press

    Regulators waive $200M fine on PG&E for causing deadly fires

    California regulators on Thursday suspended a $200 million fine against Pacific Gas & Electric as punishment for the utility's neglect of electrical equipment that ignited a series of deadly wildfires in Northern California. The waiver approved in a unanimous vote by California's Public Utilities Commission will deprive the state coffers of money to help offset losses income and sales taxes as the coronavirus pandemic pushes the state into a $54 billion budget deficit. PG&E resisted the fine on the grounds that it would threaten its ability to raise the tens of billions of dollars needed to finance its complex plan to emerge from bankruptcy by a June 30 deadline.

  • Business Wire

    PG&E Reminds Our Customers: Make Sure We Have Your Updated Contact Information Ahead of Wildfire Season

    If you’re a Pacific Gas and Electric Company (PG&E) customer who lives or works in a high fire-threat area from the Sierra Nevada to the coast, we will contact you multiple times before we initiate a Public Safety Power Shutoff due to hot temperatures, high winds and dry vegetation that foretell elevated wildfire conditions.

  • Business Wire

    Warmer Weather Will Speed Snowmelt, Increase River Flows; When Shelter-at-Home Restrictions Ease, Outdoor Recreationists Should be Wary of Cold-Water Hazards

    With temperatures forecast to increase this week, California’s snowpack will be melting faster, potentially filling rivers and streams with dangerously cold and swift moving water.