Bay Area solar power owners could see more cuts to incentives [CBS News]
Pacific Gas & Electric Co. (PCG)
Last pacific gas & electric co. earnings: 5/1 08:21 am
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Source: CBS News
In October, Governor Gavin Newsom issued an order directing the state to figure out ways to lower people's electric bills. The Public Utilities Commission has come up with a list of suggestions and it has early adopters of solar power fighting mad. In its response to the governor's order, the Public Utilities Commission identified owners of rooftop solar as one of the causes of higher energy bills for the average resident. In its report it said, "While the vast majority of industrial, commercial, and residential customers do not have solar panels ... They will pay approximately $8.5 billion in 2024 for the 15% who do," the PUC said in a report. Severin Borenstein, faculty director of the UC Berkeley Haas Energy Institute, explained why the cost shift is hurting low-income people the most. "When people put in rooftop solar, it transfers costs onto people who don't have rooftop solar. And, by and large, the people who don't have rooftop solar are poorer than people who do have
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PCG
News
- PolyAI Raises $86 Million As Fight To Answer Calls With AI Heats Up [Forbes]Forbes
- Data centers for AI could nearly triple San José's energy use. Who foots the bill? [Los Angeles Times (CA)]Los Angeles Times
- Pacific Gas & Electric (NYSE:PCG) had its price target lowered by analysts at JPMorgan Chase & Co. from $22.00 to $21.00. They now have an "overweight" rating on the stock.MarketBeat
- Drone shows aftermath of California gas explosion that hospitalized 6 [USA TODAY]USA TODAY
- PG&E doubles quarterly dividend to $0.05 [Seeking Alpha]Seeking Alpha
PCG
Earnings
- 10/23/25 - Beat
PCG
Sec Filings
- 11/25/25 - Form 4
- 11/5/25 - Form 4
- 11/3/25 - Form 4
- PCG's page on the SEC website