PG&E to get $15B federal loan as it asks CA for another rate hike PG&E announced Tuesday the Biden administration is committed to providing them a $15 billion guaranteed low-interest loan....
Pacific Gas & Electric Co. (PCG)
Last pacific gas & electric co. earnings: 5/1 08:21 am
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Source: CBS News
It's the largest-ever loan of its kind from the Department of Energy. It comes as PG&E ratepayers have been seeing their bills increase dramatically this year. Michael Hayes holds months of big PG&E bills at his small West Sacramento coffee shop, He Brews Coffee and Tea Company. "We started out at $1,000 a month in utility bills and we've gone up to our highest months being about $4,000 dollars," Hayes said. He's even upgraded his building to be more energy efficient. "We've done our whole air conditioning unit, put split units in, all to try to reduce the costs off our monthly bill and it keeps going up," Hayes said. As his PG&E bills go up, the utility announced the federal government is now committed to awarding them the $15 billion low-interest loan for infrastructure improvements. PG&E CEO Patty Poppe issued a statement about the loan reading in part: "Investments in a clean and resilient grid for northern and central California will have significant returns for ou
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PCG
News
- US Loans to Rivian, Plug Under Threat From Federal Shutdown [Yahoo! Finance Canada]Yahoo! Finance Canada
- 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
- CPUC approves $723 million in ratepayer costs to extend life of Diablo Canyon nuclear plant [Los Angeles Times (CA)]Los Angeles Times
- 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
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