US watchdog recommends Energy Department halt loans to green projects [Yahoo! Finance]
Pacific Gas & Electric Co. (PCG)
Last pacific gas & electric co. earnings: 5/1 08:21 am
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Source: Yahoo! Finance
halt issuing billions of dollars in loans to green projects, saying contractors who vet them may be serving both the agency and potential borrowers. The watchdog in an interim report issued late on Tuesday urged the DOE's Loan Programs Office to stop the financing until it can ensure that contracting officers and their representatives are "complying with conflicts of interest regulations and enforcing conflict of interest contractual obligations." The LPO administers more than $385 billion in low-interest loans to companies with green energy projects such as batteries, nuclear power and advanced vehicles. It has about $20 billion in loan authority that it could issue before President Joe Biden, a Democrat, leaves office on Jan. 20. The LPO issued a record $15 billion conditional loan to California-based electric utility PG&E earlier on Tuesday. A DOE spokesperson said the interim report is filled with errors. "The Inspector General fundamentally misunderstands the implementation
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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
- 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