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The Latest Breaking News from PGE

Tesla Powerwalls Create Huge 'Distributed Battery' For Grid Reliability

California utility PG&E is collaborating with Tesla on a pilot program to combine thousands of Powerwall home battery systems to create a “virtual power plant."

InsideEVs

Commentary: California is struggling with the twin threats of extreme heat and power outages

Last month, more than 24,000 Bay Area residents experienced a power outage when a local fire affected PG&E equipment.

Los Angeles Times

Will Chart Analysts Notice Bad Omen on PG&E's Chart

If history is any guide, there may be trouble ahead for shares of PG&E (NYSE:PCG). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

Benzinga

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read the most diverse news in one place.

Tesla Powerwall Owners In California Can Help Avoid Brownouts — And Get Paid For it

Tesla Inc (NASDAQ: TSLA) has partnered with utility firm PG&E Corporation (NYSE: PCG) to launch a new virtual power plant that will pay Powerwall owners to help boost the electric grid during brownouts in Cal

Benzinga

As wildfire season ramps up, PG&E expands instant power shutoff program

LOS ANGELES — As California prepares to enter the heart of wildfire season amid drought and historically dry conditions, Pacific Gas & Electric Co. said Friday that it has expanded its instant power line shutoffs to cover more high-risk areas.

Los Angeles Times

PG&E expands instant blackout program for 2022 as wildfire risks loom in California

If you live in wildfire country and get your electricity from PG&E Corp., brace yourself for blackouts this summer.

Tribune News Service

PG&E moves power underground in plan to bury 10,000 miles

Pacific Gas & Electric Co. is working on an ambitious project to bury thousands of miles of power lines in an effort to prevent wildfires sparked by its equipment and to avoid shutting down power during hot and windy weather

The Independent UK

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Short Volatility Alert: PG&E Corporation

On Tuesday, shares of PG&E Corporation (NYSE: PCG) experienced volatile short activity. After the activity, the stock price went down -4.23% to $9.96. The overall sentiment for PGE has been Bearish.

Benzinga

PG&E ‘excessively delayed’ its response to monster Dixie fire inferno, California report says

SAN JOSE, Calif. — PG&E’s response to the mammoth Dixie fire of 2021 was “excessively delayed,” a blunder that was a major factor behind the spread of the devastating inferno, according to a newly released state report.

Tribune News Service

PG&E’s ‘excessively delayed response’ worsened Dixie fire spread, Cal Fire report claims

SACRAMENTO, Calif. — Cal Fire blamed PG&E Corp. for an “excessively delayed response” that contributed to the furious initial spread of last year’s Dixie fire, which became the second-largest wildfire in California history.

Tribune News Service

PG&E pleads not guilty in deadly 2020 California wildfire

A California utility company has pleaded not guilty to involuntary manslaughter and other charges it faces after its equipment was blamed for starting a Northern California wildfire that killed four people and destroyed hundreds of homes in 2020

The Independent UK

PG&E pledges net-zero emissions by 2040, will keep using gas

The nation's largest utility is pledging to take more carbon emissions out of the atmosphere than it emits by 2040

The Independent UK

PG&E Commissions Its Moss Landing Elkhorn Battery: 256 Tesla Megapacks

Pacific Gas and Electric Company held an official grand commissioning ceremony of its new energy storage system - the Elkhorn Battery, with 256 Tesla Megapacks.

InsideEVs

Infowars' bankruptcy law shell game

The DoJ’s bankruptcy watchdog called the case “a novel and dangerous tactic” and an abuse of the system.

Axios

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StockNews.com

PG&E vs. NextEra Energy: Which Utilities Stock is a Better Investment?

In today's article I will analyze and compare PG&E (PCG) and NextEra Energy (NEE) to determine which utilities stock is currently a better investment.

Tribune News Service

California faces power shortages and price hikes amid drought woes: report

California faces the grim prospect of a drought-fueled summer of power shortages, hydroelectric plant shutdowns and rising electricity costs in areas that include the service territories of PG&E and other utilities, a report released Friday warns.

Tribune News Service

California is beginning to bury its power lines to prevent wildfire

WALNUT CREEK, California – Etched in dirt, a narrow furrow is the only clue that the grasslands of Lime Ridge Open Space will soon be restored to their original splendor, cleared of dangerous power lines that could ignite nearby subdivisions.

Benzinga

5 Analysts Have This to Say About PG&E

PG&E (NYSE:PCG) has observed the following analyst ratings within the last quarter:

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The Independent UK

Environmental groups oppose longer life for CA nuclear plant

Dozens of environmental and anti-nuclear organizations are opposing any attempt to extend the operating life of California's last running nuclear power plant

The Guardian - US

John Oliver on the power of US utility companies: ‘The only game in town’

The Last Week Tonight host digs into the profit motives of monopolistic utility companies and the regulators who are unwilling or unable to moderate them

Tribune News Service

Editorial: Newsom opens up to keeping nuclear power

California Gov. Gavin Newsom has opened up to the possibility of extending the operation of the Diablo Canyon Nuclear Power Plant, according to multiple reports, despite past opposition. That’s a positive development. We encourage the governor to resist ideological or special interest pressure to shutter the facility, which provided 6%…

Benzinga

PG&E's Return On Capital Employed Overview

According to Benzinga Pro, during Q1, PG&E (NYSE:PCG) earned $478.00 million, a 0.42% increase from the preceding quarter. PG&E also posted a total of $5.80 billion in sales, a 10.52% increase since Q4.

Los Angeles Times

California promised to close its last nuclear plant. Now Newsom is reconsidering

LOS ANGELES — With the threat of power shortages looming and the climate crisis worsening, Gov. Gavin Newsom may attempt to delay the long-planned closure of California’s largest electricity source: the Diablo Canyon nuclear plant.

Benzinga

PG&E: Q1 Earnings Insights

PG&E (NYSE:PCG) reported its Q1 earnings results on Thursday, April 28, 2022 at 08:00 AM. Here's what investors need to know about the announcement.

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For April 26, 2022

Upgrades According to Susquehanna, the prior rating for Boyd Gaming Corp (NYSE:BYD) was changed from Neutral to Positive. At the moment, the stock has a 52-week-high of $72.72 and a 52-week-low of $50.38. Boyd Gaming closed at $64.20 at the end of the last trading period.

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