PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources. As of December 31, 2020, the company owns and operates approximately 18,000 circuit miles of interconnected transmission lines, 35 electric transmission substations, approximately 108,000 circuit miles of distribution lines, 68 transmission switching substations, and 758 distribution substations; and natural gas transmission, storage, and distribution system consisting of approximately 43,500 miles of distribution pipelines, approximately 6,300 miles of backbone and local transmission pipelines, and various storage facilities. It serves residential, commercial, industrial, and agricultural customers, as well as natural gas-fired electric generation facilities. The company was founded in 1905 and is headquartered in San Francisco, California.
IPO Year:
Exchange: NYSE
Website: pgecorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/19/2025 | $22.00 → $19.00 | Buy → Neutral | UBS |
| 2/18/2025 | Buy → Neutral | Guggenheim | |
| 2/14/2025 | $20.00 → $16.50 | Equal-Weight → Underweight | Morgan Stanley |
| 2/12/2025 | Overweight | Analyst | |
| 1/13/2025 | $21.00 | Outperform | BMO Capital Markets |
| 10/14/2024 | $24.00 | Buy | Jefferies |
| 9/12/2024 | $24.00 | Buy | BofA Securities |
| 6/10/2024 | $19.00 → $22.00 | Neutral → Overweight | JP Morgan |
| 4/10/2024 | $21.00 | Buy | Goldman |
| 10/23/2023 | $16.00 | In-line | Evercore ISI |
Deployment of advanced power flow control technology enables 100+ MW of additional capacity, ensures efficient power distribution for critical infrastructure SAN JOSE, Calif. and DURHAM, N.C., May 28, 2025 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) and Smart Wires today announced a new project to enhance grid reliability and meet energy commitments for data centers connecting in San Jose. By deploying its cutting-edge advanced power flow control (APFC) technology, Smart Wires will help PG&E mitigate thermal overloads, redirect power flow, and increase available capacity at its Los Esteros electric substation.
Every 1,000 MW (or 1 GW) of New Electric Demand from Data Centers Could Decrease Monthly Electric Bills by 1-2% SAN JOSE, Calif., May 27, 2025 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) is seeing a huge jump in the amount of electricity needed for new data centers. These centers, which power things like cloud storage and artificial intelligence (AI), are expected to need about 8.7 gigawatts (GW) of electricity over the next 10 years. That's a big increase from the 5.5 GW PG&E reported at the end of 2024. To give an idea of how much power that is—just 1 GW can pow
Celebrate Safely During Graduation Season; Keep Metallic Balloons Weighted Down OAKLAND, Calif., May 23, 2025 /PRNewswire/ -- With graduation season in full swing, Pacific Gas and Electric Company (PG&E) is warning customers about the public safety risks associated with helium-filled metallic balloons: If your graduation celebration involves balloons, make sure they are secured with a weight. Otherwise, they can float away and come into contact with overhead power lines, causing a public safety risk. In the first five months of 2025, metallic balloons striking electric lines h
OAKLAND, Calif., May 23, 2025 /PRNewswire/ -- PG&E Corporation (NYSE: PCG) today announced the election of John O. Larsen to the Boards of Directors of PG&E Corporation and its subsidiary Pacific Gas and Electric Company, at the companies' Annual Meetings of Shareholders on May 22, 2025. Mr. Larsen brings decades of experience in utility operations and large-scale customer engagement from his 36-year career at Alliant Energy Corporation based in Madison, Wisconsin. Alliant provides electricity and natural gas service to nearly 1.5 million customers in Iowa and Wisconsin. "With
OAKLAND, Calif., May 23, 2025 /PRNewswire/ -- On May 22, 2025, PG&E Corporation (NYSE: PCG) declared its second quarter 2025 regular cash dividend of $0.025 per share on the Corporation's common stock. The dividend is payable on July 15, 2025, to shareholders of record as of June 30, 2025. In addition, PG&E Corporation's utility subsidiary, Pacific Gas and Electric Company (PG&E), declared the regular preferred stock dividend for the three-month period ending July 31, 2025, to be payable on August 15, 2025, to shareholders of record as of July 31, 2025. PG&E will pay dividends
Open to Government, Educational, Nonprofit Organizations; Deadline to Apply is July 18 OAKLAND, Calif., May 21, 2025 /PRNewswire/ -- The PG&E Corporation Foundation (PG&E Foundation) is accepting applications for its Better Together Nature Positive Innovation Grant program. The program will provide $500,000 in grants for initiatives dedicated to environmental stewardship. Five $100,000 regional grants — $500,000 in total — will be awarded. The grants are for projects focused on air quality, land and water stewardship. Eligible applicants are government organizations, education
General Rate Case Proposes Smallest Percentage Increase in a Decade Residential Combined Bills Forecast to Be Lower in 2026, Flat in 2027 Compared to Today OAKLAND, Calif., May 15, 2025 /PRNewswire/ -- Today, Pacific Gas and Electric Company (PG&E) proposed energy system improvements to drive California's economic growth and increase climate change resilience. The company submitted this proposal, its 2027-2030 General Rate Case (GRC), to California regulators. PG&E and the state's other investor-owned utilities are required to make multi-year cost proposals every four years. PG&E's application outlines a strategy to deliver customer bill stability while improving safety. PG&E is requesting
HESPERIA, Calif., May 7, 2025 /PRNewswire/ -- Pacific Gas and Electric Company recently joined elite fire professionals, top state and federal officials, and senior leaders representing philanthropy, insurance providers, and other electric utilities for the first-ever autonomous wildfire suppression demonstration in California. Organized by Rain and Sikorsky, a Lockheed Martin company, the demonstration took place in in the Silverwood region of the Mojave River Valley nestled next to the San Bernardino National Forest. The demo featured a Black Hawk® helicopter equipped with a
PG&E Accelerating EV Adoption Among Customers With Limited Financial Resources OAKLAND, Calif., April 29, 2025 /PRNewswire/ -- Electric Vehicles (EVs) are key to achieving California's climate goals and can help lower electric rates for customers, but research shows that the cost of owning an EV can be a challenge for drivers in lower-income communities. Pacific Gas and Electric Company (PG&E) is taking action to make EV ownership more affordable for customers with limited financial resources. PG&E has already helped make driving an EV a reality for more than 13,000 income-qu
Flexible Service Connection allows customers with controllable power needs to connect to the grid without waiting for upgrades OAKLAND, Calif., April 28, 2025 /PRNewswire/ -- As more people in California buy electric cars and commercial fleets transition to EVs, the need grows for more places to charge them. Pacific Gas and Electric Company has installed more than 6,300 EV charging ports throughout Northern and Central California through its infrastructure programs, and PG&E has come up with a new way to even more quickly connect EV fast-charging stations and grid-scale batter
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UBS downgraded PG&E from Buy to Neutral and set a new price target of $19.00 from $22.00 previously
Guggenheim downgraded PG&E from Buy to Neutral
Morgan Stanley downgraded PG&E from Equal-Weight to Underweight and set a new price target of $16.50 from $20.00 previously
Analyst resumed coverage of PG&E with a rating of Overweight
BMO Capital Markets initiated coverage of PG&E with a rating of Outperform and set a new price target of $21.00
Jefferies initiated coverage of PG&E with a rating of Buy and set a new price target of $24.00
BofA Securities resumed coverage of PG&E with a rating of Buy and set a new price target of $24.00
JP Morgan upgraded PG&E from Neutral to Overweight and set a new price target of $22.00 from $19.00 previously
Goldman initiated coverage of PG&E with a rating of Buy and set a new price target of $21.00
Evercore ISI resumed coverage of PG&E with a rating of In-line and set a new price target of $16.00
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Every 1,000 MW (or 1 GW) of New Electric Demand from Data Centers Could Decrease Monthly Electric Bills by 1-2% SAN JOSE, Calif., May 27, 2025 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) is seeing a huge jump in the amount of electricity needed for new data centers. These centers, which power things like cloud storage and artificial intelligence (AI), are expected to need about 8.7 gigawatts (GW) of electricity over the next 10 years. That's a big increase from the 5.5 GW PG&E reported at the end of 2024. To give an idea of how much power that is—just 1 GW can pow
Westbank Issues Global Call for Data Centers SAN JOSE, Calif., April 9, 2025 /PRNewswire/ -- Today, Pacific Gas and Electric Company (PG&E) and real estate developer Westbank announced two major milestones in the development of Silicon Valley's innovative net-zero community. PG&E infrastructure upgrades have begun, and Westbank has launched a global call for data center partners to join the initiative. Eastdil Secured, a global real estate investment bank, will lead the process of identifying partners who support using data centers to enhance communities. Westbank's project will pair three data centers with up to 4,000 residential units to create a sustainable downtown San Jose. Excess hea
OAKLAND, Calif., Dec. 16, 2024 /PRNewswire/ -- PG&E Corporation (NYSE:PCG) today announced the appointment of Leo P. Denault to the Boards of Directors of PG&E Corporation and its subsidiary, Pacific Gas and Electric Company, effective February 19, 2025. As Chairman and Chief Executive Officer of Entergy Corporation from 2013 to 2022, Denault transformed the company into a premier utility with one of the nation's cleanest energy portfolios. At Entergy, Denault led the charge to invest in the reliability and resilience of the energy system while maintaining financial stability.
Updated R&D strategy highlights evolving utility technology needs Explores the potential of artificial intelligence to transform the energy system and enhance customer experience OAKLAND, Calif., Nov. 4, 2024 /PRNewswire/ -- Today, Pacific Gas and Electric Company (PG&E) unveiled its refreshed R&D strategy report with a focus on artificial intelligence (AI) and other innovations as critical enablers to achieving PG&E's clean energy, climate, and customer-experience goals. The refreshed report outlines the integration of AI as a central component to meeting growing energy dem
Leaders from Eaton, GE Vernova, NVIDIA Added to High-Powered Speaker Lineup OAKLAND, Calif., Oct. 21, 2024 /PRNewswire/ -- Artificial intelligence for nuclear power generation, carbon-sequestering biochar, long-duration energy storage, submetering and managed charging for electric vehicles, real-time fault detection sensors, a prescribed-burn machine, advanced drones for system inspections, and new undergrounding systems are among the novel solutions and technologies that will be on display November 13 during Pacific Gas and Electric Company's (PG&E) 2024 Innovation Summit presented in collaboration with DISTRIBUTECH® in San Jose.
UGI Corporation (NYSE:UGI) announced that UGI's Board of Directors appointed Robert C. Flexon as President and Chief Executive Officer, effective November 1, 2024. Mr. Flexon will replace Mario Longhi, UGI's Chair who has served as Interim President and Chief Executive Officer since December 2023. Mr. Longhi will be resuming his role as an independent director and will serve as non-executive chair of UGI's Board of Directors. In addition to his role as President and Chief Executive Officer, Mr. Flexon will serve on the Company's Board of Directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241015234263/en/UGI Names Robert Fl
This First-of-its-kind 11.7Mwe Energy Asset plant in the U.S. will be powered by co-located LFG-to-Electric Plant Facility is designed to reduce 62,000 metric tons of carbon emissions annually while increasing energy resiliency and supporting California's renewable energy and decarbonization goals Ameresco, Inc., (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, Republic Services, Inc. (NYSE:RSG) and Pacific Gas and Electric Company (PG&E) (NYSE:PCG), today celebrated the ribbon cutting for California's largest and most resilient landfill gas (LFG) to renewable natural gas (RNG) plant, located at the Keller Canyon Landfill in Pittsburg, CA
SilverBow Resources, Inc. (NYSE:SBOW) ("SilverBow" or "the Company") announced today that Leland "Lee" T. Jourdan has been appointed to the SilverBow Board of Directors (the "Board"), effective March 27, 2024. Mr. Jourdan's appointment is part of SilverBow's long-term and ongoing director search program conducted over the last 18 months with the assistance of a globally recognized search firm. Mr. Jourdan has deep experience in the oil and gas industry, and his leadership and accomplishments in promoting diversity, equity and inclusion ("DEI") have been widely recognized. He brings a demonstrated track record in international commercial and business development, mergers and acquisitions,
OAKLAND, Calif., Feb. 27, 2023 /PRNewswire/ -- PG&E Corporation (NYSE:PCG) today announced the appointment of Edward G. Cannizzaro to the Boards of Directors of PG&E Corporation and its subsidiary Pacific Gas and Electric Company, effective February 24, 2023. Mr. Cannizzaro brings decades of experience advising clients on business and risk management success. Mr. Cannizzaro has counseled clients in a wide range of industries including e-commerce, financial technology, semiconductors, manufacturing, retail, biotechnology, and real estate. "With decades of executive leadership e
PG&E Corporation (NYSE:PCG) today announced the appointment of Carlos Hernandez, former Chief Executive Officer of Fluor Corporation, to the Boards of Directors of PG&E Corporation and its subsidiary Pacific Gas and Electric Company, effective March 11, 2022. Mr. Hernandez brings decades of experience in industries focused on safety and operational excellence. Mr. Hernandez's career has spanned engineering, procurement, manufacturing and distribution companies, and his expertise includes risk management, safety and environmental matters, governance, compliance and law. "With decades of executive leadership experience in key industries, Carlos will be invaluable in helping PG&E continue to
OAKLAND, Calif., May 23, 2025 /PRNewswire/ -- On May 22, 2025, PG&E Corporation (NYSE: PCG) declared its second quarter 2025 regular cash dividend of $0.025 per share on the Corporation's common stock. The dividend is payable on July 15, 2025, to shareholders of record as of June 30, 2025. In addition, PG&E Corporation's utility subsidiary, Pacific Gas and Electric Company (PG&E), declared the regular preferred stock dividend for the three-month period ending July 31, 2025, to be payable on August 15, 2025, to shareholders of record as of July 31, 2025. PG&E will pay dividends
OAKLAND, Calif., April 24, 2025 /PRNewswire/ -- PG&E Corporation (NYSE:PCG) is on track to deliver solid 2025 financial results. Financial progress includes: GAAP earnings were $0.28 per share for the first quarter of 2025, compared to earnings of $0.34 per share for the same period in 2024.Non-GAAP core earnings were $0.33 per share for the first quarter of 2025, compared to earnings of $0.37 per share for the same period in 2024.Equity needs fully satisfied to fund the five-year capital plan of $63 billion through 2028.2025 GAAP EPS guidance updated to $1.29 to $1.35 per sha
OAKLAND, Calif., March 27, 2025 /PRNewswire/ -- PG&E Corporation (NYSE:PCG) will hold a conference call on Thursday, April 24, 2025, at 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time) to discuss its first quarter 2025 results. The public can access the conference call through a simultaneous webcast. The link is provided below and will also be available from the PG&E Corporation website. What: First Quarter 2025 Earnings Call When: Thursday, April 24, 2025 at 11:00 a.m. Eastern Time Where: http://investor.pgecorp.com/news-events/events-and-presentations/default.aspx A
OAKLAND, Calif., Feb. 21, 2025 /PRNewswire/ -- On February 20, 2025, PG&E Corporation (NYSE: PCG) declared its first quarter 2025 regular cash dividend of $0.025 per share on the Corporation's common stock. The dividend is payable on April 15, 2025, to shareholders of record as of March 31, 2025. In addition, PG&E Corporation's utility subsidiary, Pacific Gas and Electric Company (PG&E), declared the regular preferred stock dividend for the three-month period ending April 30, 2025, to be payable on May 15, 2025, to shareholders of record as of April 30, 2025. PG&E will pay div
OAKLAND, Calif., Feb. 13, 2025 /PRNewswire/ -- PG&E Corporation (NYSE:PCG) delivered solid financial results in 2024 and is on track to deliver beyond: GAAP earnings were $0.30 per share for the fourth quarter of 2024, compared to earnings of $0.43 for the same period in 2023.GAAP earnings were $1.15 per share for the full year of 2024, compared to earnings of $1.05 per share for the same period in 2023.Non-GAAP core earnings were $0.31 per share for the fourth quarter of 2024, compared to earnings of $0.47 per share for the same period in 2023.Non-GAAP core earnings were $1.3
OAKLAND, Calif., Jan. 16, 2025 /PRNewswire/ -- PG&E Corporation (NYSE:PCG) will hold a conference call on Thursday, February 13, 2025, at 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time) to discuss its fourth quarter and full year 2024 results. The public can access the conference call through a simultaneous webcast. The link is provided below and will also be available from the PG&E Corporation website. What: Fourth Quarter and Full Year 2024 Earnings Call When: Thursday, February 13, 2025 at 11:00 a.m. Eastern Time Where: http://investor.pgecorp.com/news-events/events-and-p
OAKLAND, Calif., Dec. 2, 2024 /PRNewswire/ -- PG&E Corporation (NYSE:PCG) ("PG&E" or the "Company") announced today the launch of concurrent underwritten public offerings of (i) $1,200 million of shares of common stock, no par value ("Common Stock"), of the Company and (ii) $1,200 million of newly issued Series A Mandatory Convertible Preferred Stock ("Preferred Stock") of the Company (together, the "Offerings"). PG&E expects to grant to the underwriters of the Offerings a 30-day option to purchase up to an additional (i) $180 million of shares of Common Stock and (ii) solely to cover over-allotments, if any, $180 million of shares of Preferred Stock. PG&E intends to use the net proceeds fro
OAKLAND, Calif., Dec. 2, 2024 /PRNewswire/ -- On November 29, 2024, PG&E Corporation (NYSE:PCG) declared its fourth-quarter 2024 regular cash dividend of $0.025 per share on the Corporation's common stock. The dividend is payable on January 15, 2025, to shareholders of record as of December 31, 2024. In addition, PG&E Corporation's utility subsidiary, Pacific Gas and Electric Company (PG&E), declared the regular preferred stock dividend for the three-month period ending January 31, 2025, to be payable on February 14, 2025, to shareholders of record as of January 31, 2025. PG&E
OAKLAND, Calif., Nov. 7, 2024 /PRNewswire/ -- PG&E Corporation (NYSE:PCG) is on track to deliver solid financial results in 2024 and beyond: GAAP earnings were $0.27 per share for the third quarter of 2024, compared to earnings of $0.16 for the same period in 2023.GAAP earnings were $0.85 per share for the first nine months of 2024, compared to earnings of $0.62 per share for the same period in 2023.Non-GAAP core earnings were $0.37 per share for the third quarter of 2024, compared to earnings of $0.24 per share for the same period in 2023.Non-GAAP core earnings were $1.06 per
OAKLAND, Calif., Sept. 26, 2024 /PRNewswire/ -- PG&E Corporation (NYSE:PCG) will hold a conference call on Thursday, November 7, 2024, at 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time) to discuss its third quarter 2024 results. The public can access the conference call through a simultaneous webcast. The link is provided below and will also be available from the PG&E Corporation website. What: Third Quarter 2024 Earnings Call When: Thursday, November 7, 2024 at 11:00 a.m. Eastern Time Where: http://investor.pgecorp.com/news-events/events-and-presentations/default.aspx A rep