Whatever PG&E Does, Markets Can't Ignore Newsom's Letter [Yahoo! Finance News]
Pacific Gas & Electric Co. (PCG)
Last pacific gas & electric co. earnings: 5/1 08:21 am
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Source: Yahoo! Finance News
Opinion) -- Another frantic weekend at PG&E Corp. Another Monday-morning bungee jump with a broken rope for the stock. And another imminent deadline. California Governor Gavin om’s Friday-night rejection letter to the bankrupt utility dashed the hopes of bulls who had bid up the stock last week on the back of PG&E’s wildfire-damages settlement with tort claimants. The thinking was that, with the clock ticking toward June 2020 — effectively a deadline for PG&E’s emergence from chapter 11 — such settlements would compel the governor to hold his nose on gains for the hedge funds driving the process and opt to get the whole issue off his desk. Judging from his letter, the thinking was off somewhat. om’s objections fall into two buckets. The first, regarding governance and management, is actually the easiest to resolve. It’s mystifying why, almost a year into the bankruptcy, PG&E hasn’t done so. Given the obvious depth of feeling against the company, populating the board with safety expert
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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