Headquartered in Oakland, CA Fiscal year ends December NYSE: PCG pgecorp.com
PG&E Corporation (NYSE: PCG) is a holding company and parent of Pacific Gas and Electric Company, a regulated utility that provides electricity and natural gas to approximately 16 million people across a 70,000-square-mile service area in Northern and Central California. The company operates electric generation, transmission, and distribution infrastructure as well as natural gas transmission and distribution systems. PG&E's operations include the Diablo Canyon nuclear power plant, whose license was recently renewed by the NRC for extended operations through 2030. The company is undertaking a large-scale system hardening and undergrounding program to mitigate wildfire risk, having completed 1,400 miles of undergrounding and 2,794 miles of system hardening. PG&E is experiencing growing demand from data center interconnections, with a pipeline of approximately 12,870 MW. The company is currently conducting a strategic review aimed at achieving investment-grade credit ratings and optimizing its corporate and capital structure, while operating under California's wildfire liability framework established by AB 1054 and enhanced by SB 254. Updated
PG&E reports before the open at 6:00 AM ET with consensus at $0.42 EPS on $6.82 billion in revenue, after beating in three of the last four quarters. The number that matters is guidance language on wildfire liability and California rate pressure, which has driven the stock more than earnings all year.
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PG&E Corporation (NYSE: PCG) is a holding company and parent of Pacific Gas and Electric Company, a regulated utility that provides electricity and natural gas to approximately 16 million people across a 70,000-square-mile service area in Northern and Central California.
24/7 Wall St.'s 12-month price target for PCG is $15.67, rated Buy. The Wall Street consensus target is $17.62. PCG price prediction →
