Valued at a market cap of $42.6 billion, PG&E Corporation (PCG) engages in the sale and delivery of electricity and natural gas to customers. Based in Oakland, California, the company serves residential, commercial, industrial, and agricultural customers, as well as natural gas-fired electric generation facilities.
Companies valued at $10 billion or more are generally labeled as “large-cap stocks”, and PG&E fits this criterion perfectly. PCG provides energy services to approximately 16 million people across a 70,000-square-mile area in Northern and Central California.
