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 |
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11-K - PG&E Corp (0001004980) (Filer)
8-K - PG&E Corp (0001004980) (Filer)
8-K - PG&E Corp (0001004980) (Filer)
SCHEDULE 13G - PG&E Corp (0001004980) (Subject)
10-Q - PG&E Corp (0001004980) (Filer)
8-K - PG&E Corp (0001004980) (Filer)
DEFA14A - PG&E Corp (0001004980) (Filer)
DEF 14A - PG&E Corp (0001004980) (Filer)
8-K - PG&E Corp (0001004980) (Filer)
SCHEDULE 13G - PG&E Corp (0001004980) (Subject)
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
Energy Savings Start with the Right Tools, Simple Actions & Assistance Programs OAKLAND, Calif. , July 10, 2025 /PRNewswire/ -- With above-average temperatures forecast to hit through this summer according to Pacific Gas and Electric Company's (PG&E) Meteorology Operations, PG&E wants customers to have the resources they need to stay safe, cool and keep their energy costs down. With increased energy use during the hot summer months, customers are encouraged to check if they are on the lowest-cost rate plan for their household to maximize savings. Customers can find their lowes
Customers Don't Have to Change Their Energy Use to Save OAKLAND, Calif., July 9, 2025 /PRNewswire/ -- One simple change could make a big difference in your energy bill. Pacific Gas and Electric Company (PG&E) is encouraging customers to check that they are on the lowest-cost rate plan for their home or business. Customers can find their lowest rate simply by logging into their PG&E online account and using the Rate Comparison tool. PG&E forecasts no additional electric rate increases for the rest of 2025. The company expects residential combined gas and electric bills to be es
Bridger Photonics Inc. ("Bridger"), the global leader in methane detection and data for the oil and gas industry, is proud to announce its work with Pacific Gas and Electric Company (PG&E), a subsidiary of PG&E Corporation and one of the largest utility companies in the US. Through this collaboration, Bridger's cutting-edge technology will help PG&E strengthen its efforts to more efficiently detect and repair system leaks and reduce methane emissions across its vast natural gas transmission and distribution pipeline system. This work will drive improvements in pipeline safety and emissions reductions and contribute to energy supply resiliency and affordability. Serving approximately 16 mi
With up to $25 million to allocate this year for solving its toughest challenges, PG&E invites innovators to co-create real-world solutions for a cleaner, safer, and more reliable grid OAKLAND, Calif., July 7, 2025 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) is calling for inventors, entrepreneurs, and tech experts to help shape the future of energy in California by applying to its 2025 Innovation Pitch Fest. The Innovation Pitch Fest will take place over three days from September 23-25, 2025, at PG&E's Oakland headquarters. It aims to identify breakthrough technol
OAKLAND, Calif., July 2, 2025 /PRNewswire/ --PG&E Corporation (NYSE:PCG) will hold a conference call on Thursday, July 31, 2025, at 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time) to discuss its second 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: Second Quarter 2025 Earnings Call When: Thursday, July 31, 2025 at 11:00 a.m. Eastern Time Where: http://investor.pgecorp.com/news-events/events-and-presentations/default.aspx A replay o
New PG&E Program Provides Matching Bill Credits of up to $1,000 for Eligible Customers OAKLAND, Calif., July 1, 2025 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) is committing $50 million to new and existing financial assistance programs to support eligible customers with paying past-due energy bills. These programs include PG&E's new Match My Payment Program and the existing PG&E Relief for Energy Assistance through Community Help (REACH) program. The new PG&E Match My Payment Program offers a dollar-for-dollar match, up to $1,000, for qualifying low-to moderate-in
Customers report losses of over $190,000 during 2025 OAKLAND, Calif., June 25, 2025 /PRNewswire/ -- Utility scams have continued at an alarming rate during 2025, with Pacific Gas and Electric Company (PG&E) customers reporting over $190,000 in losses to scammers. To stop this trend, PG&E is committed to helping customers recognize the signs of a scam and avoid falling victim. A typical sign of a scam targeting a utility customer includes a caller claiming to be from PG&E and threatening disconnection if immediate payment is not made via a pre-paid debit card, digital payment m
PG&E's Layers of Protection Are Working, Prevented a Major Wildfire in 2023 and 2024 SAN RAMON, Calif., June 6, 2025 /PRNewswire/ -- Using artificial intelligence (AI) and machine learning to monitor wildfire conditions and deploying proven layers of wildfire protection to prevent wildfires, Pacific Gas and Electric Company (PG&E) shared its readiness ahead of peak wildfire season. These layers of protection helped prevent a major wildfire in 2023 and 2024. Today, at PG&E's Applied Technology Services lab, the company's research and development facility, PG&E shared details a
Customers are Encouraged to Check Eligibility and Apply for Monthly Electric Discount OAKLAND, Calif., June 2, 2025 /PRNewswire/ -- More than an estimated 150,000 additional Pacific Gas and Electric Company (PG&E) customers are now eligible for an 18% discount on their electric rate. The Family Electric Rate Assistance (FERA) program is expanding to include one- and two-person households. Under previous eligibility guidelines, only households with three or more people were eligible. The discount does not apply to gas rates. Eligibility is based on income and household size. F
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
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
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OAKLAND, Calif., July 2, 2025 /PRNewswire/ --PG&E Corporation (NYSE:PCG) will hold a conference call on Thursday, July 31, 2025, at 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time) to discuss its second 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: Second Quarter 2025 Earnings Call When: Thursday, July 31, 2025 at 11:00 a.m. Eastern Time Where: http://investor.pgecorp.com/news-events/events-and-presentations/default.aspx A replay o
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