CPUC approves $723 million in ratepayer costs to extend life of Diablo Canyon nuclear plant [Los Angeles Times (CA)]
Pacific Gas & Electric Co. (PCG)
Last pacific gas & electric co. earnings: 5/1 08:21 am
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Source: Los Angeles Times
The plant was scheduled to begin shutting down in November, but its lifespan was extended in a last-minute legislative deal struck by Gov. Gavin Newsom in 2022. The extension was intended to ease California's transition to green power and alleviate blackouts during periods of extreme heat, but now comes at a time when the energy demands of artificial intelligence and data centers are rapidly growing. Although the plant is operated by Pacific Gas and Electric Co., the expense will be shared by customers of all three of the state's investor-owned power companies — PG&E, Southern California Edison and San Diego Gas & Electric. Thursday's 4-1 approval by the governor-appointed commission provoked sharp criticism from consumer advocacy groups and nuclear power opponents. “It's unprecedented for the state to allow one utility to collect the costs of its generating resources from the customers of all three of the major utilities,” said Matthew Freedman, an attorney with The Utility
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News
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- California regulators approve two more requests by PG&E to increase rates California regulators approved two more rate hike requests by Pacific Gas and Electric Thursday night, making it six approvals this year. 2M ago [CBS News]CBS News
- PG&E Co. (NYSE: PCG) had its price target lowered by analysts at UBS Group AG from $26.00 to $24.00. They now have a "buy" rating on the stock.MarketBeat
- US watchdog recommends Energy Department halt loans to green projects [Yahoo! Finance]Yahoo! Finance
- Here's Why PG&E (PCG) is a Strong Value Stock [Yahoo! Finance]Yahoo! Finance
PCG
Earnings
- 11/7/24 - Beat
PCG
Sec Filings
- 12/12/24 - Form 144
- 12/6/24 - Form CERT
- 12/5/24 - Form 8-A12B
- PCG's page on the SEC website