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
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 ...
‘Buffett Got it Wrong’ on California Fire Risk, PG&E CEO Says
Warren Buffett’s warning that wildfires have turned utilities across the western US into risky investments is mistaken — at ...
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 ...
PCG Stock Earnings: PG&E Beats EPS, Misses Revenue for Q1 2024
PG&E (NYSE:PCG) just reported results for the first quarter of 2024.PG&E reported earnings per share of 37 cents. This was ...
Obituaries PGe PG Store Archives Classifieds
U.S. Sen. Bob Casey and his Republican opponent, former hedge fund CEO David McCormick, will debate three times this fall — ...
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 ...
Ole Miss Rebels Finalists For No. 1 Transfer PG Javon Small?
Could the Ole Miss Rebels land one of the best players still available in the NCAA Transfer Portal with the window deadline ...
UPDATE 1-PG&E beats quarterly profit view, eyes electricity demand growth
Power company PG&E Corp beat Wall Street estimates for first-quarter profit and raised its full-year earnings forecast on Thursday, helped by higher electricity rates and lower operating and ...
PG&E beats quarterly profit view, raises annual forecast
On an adjusted basis, PG&E reported a profit of 37 cents per share beating analysts' estimates of 35 cents per share, ...
After season away, PG Austin Nunez transferring back to Arizona State basketball
Austin Nunez spent his freshman season at ASU before transferring to Ole Miss. He is now returning to play for Bobby Hurley ...
PG&E strives to slow pace of increases in electric and gas bills: company CEO
PG&E’s top boss held out hope Monday to the utility’s beleaguered ratepayers that they can expect customer monthly bills to ...
The California Public Utilities Commission appears to take its orders from PG&E | Opinion
We need the governor to protect us from getting slapped with new rate increases, and we need regulators to do their jobs.” ...
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