PG&E releases a statement opposing Senate Bill 492
The utility argues the legislation fails to adequately address financing risks from California's wildfire liability framework, hindering long-term investment and system reliability.
Latest Pacific Gas and Electric Company News & Updates
See the latest news and media coverage for PG&E. We track all announcements, press releases, and industry mentions in real time, all in one place.
Electricity and natural gas utility
pge.com- Headquarters
- Oakland, United States
- Company type
- Public company
- Number of employees
- 20,000+
- Industry
- Multiline Utilities
Last updated
Latest news about Pacific Gas and Electric Company (PG&E)
In short: PG&E faced stock declines and legal settlements over wildfire liability while expanding grid resilience and solar energy programs.
Company announcements
PG&E pilots an underground power line system in Lakehead
The Ground Level Distribution System uses fire-resistant polymer trays in shallow trenches to reduce wildfire risks across rocky terrain while improving grid resilience.
PG&E prepares its grid and crews for extended heat
The utility company monitors rising temperatures across Northern California and deploys emergency resources to maintain service reliability during the forecasted high-temperature period.
PG&E announces cash tender offers for outstanding bonds
The company seeks to buy up to $1 billion of senior notes and mortgage bonds. It also issued a conditional redemption notice for $450 million of other bonds.
Media coverage
California Lawmakers Adjourn Without Voting on Wildfire Bill
Legislative uncertainty prompts utility stocks to surge as officials demand stronger liability protections and long-term disaster funding solutions before returning to work.
Dow tumbles 370 points after U.S. strikes Iran, but index posts fifth straight winning month
PG&E, Edison International — The old Pacific Gas & Electric tumbled 19% and Edison slumped 24% after California lawmakers blocked a proposal that would have...
PG&E stock slides after analysts flag unresolved California wildfire liability risks
PG&E Corp. PCG shares are trading lower on Monday after analysts downgraded the stock and slashed the price forecast. Mizuho analyst Anthony Crowdell downgraded the...
PG&E ordered to pay $22M for devastating 2022 Mosquito Fire
SAN FRANCISCO (KRON) — Pacific Gas and Electric Company has been ordered to pay $22 million in connection to a devastating 2022 fire in Northern...
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