About the Company
The Pacific Gas and Electric Company (PG&E) is an American investor-owned utility (IOU). The company is headquartered at 300 Lakeside Drive, in Oakland, California. PG&E provides natural gas and electricity to 5.2 million households in the northern two-thirds of California, from Bakersfield and northern Santa Barbara County, almost to the Oregon and Nevada state lines.: 27 Overseen by the California Public Utilities Commission, PG&E is the leading subsidiary of the holding company PG&E Corporation, which has a market capitalization of $36.33 billion as of February 23, 2024. PG&E was established on October 10, 1905 from the merger and consolidation of predecessor utility companies, and by 1984 was the United States' "largest electric utility business". PG&E is one of six regulated, investor-owned electric utilities (IOUs) in California; the other five are PacifiCorp, Southern California Edison, San Diego Gas & Electric, Bear Valley Electric, and Liberty Utilities. In 2018 and 2019, the company received widespread media attention when investigations by the California Department of Forestry and Fire Protection (Cal Fire) assigned the company primary blame for two separate devastating wildfires in California. The formal finding of liability led to losses in federal bankruptcy court. On January 14, 2019, PG&E announced its filing for Chapter 11 bankruptcy in response to its liability for the catastrophic 2017 and 2018 wildfires in Northern California. The company hoped to come out of bankruptcy by June 30, 2020, and was successful on Saturday, June 20, 2020, when U.S. Bankruptcy Judge Dennis Montali issued the final approval of the plan for PG&E to exit bankruptcy.
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Latest $PCG News
Obituaries PGe PG Store Archives Classifieds
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PG&E CEO Says Soaring Power Bills Are Poised to Start Dropping
The head of California’s largest utility, facing mounting scrutiny over surging power bills, said that trend is poised to ...
PG&E profits hop higher, company raises already rosy outlook for 2024
OAKLAND — PG&E profits hopped higher in the first three months of 2024, a first-quarter financial picture that was brightened ...
PG&E CEO defends rising utility bills as earnings increase
Pacific Gas and Electric Co. defended the company’s electricity rate hikes, despite widespread outrage from Californians ...
PG&E beats quarterly profit view, eyes electricity demand growth
Last year, the California Public Utilities Commission (CPUC) voted to approve PG&E's infrastructure plan that would lead ...
‘Buffett Got it Wrong’ on California Fire Risk: PG&E CEO
Warren Buffett’s warning that wildfires have turned utilities across the western US into risky investments is mistaken — at ...
PG A.M.: Emory campus protests divide state leaders along party lines
The responses by the state’s top elected officials to the pro-Palestinian protests at Emory on Thursday might as well have been a political litmus test.
PG&E CEO interview
As Bay Area families feel the pinch, however, PG&E raked in about $2 billion in profits last year. Poppe said those profits ...
The California Public Utilities Commission appears to take its orders from PG&E | Opinion
PG&E is now the most expensive electricity utility in the state. It’s living from crisis to crisis, having gone through two ...
Here's what that climate credit is on your PG&E bill
Residential customers receive electric credits twice a year in April and October, while natural gas credits only come in ...
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The 'PG Era' of WWE is officially a thing of the past though the promotion will continue to adhere to its viewing guidelines ...
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