Is PG&E Making Promises It Can Keep?
In a statement issued late Wednesday, PG&E Corp. (NYSE: PCG) announced that it had reached an agreement with a bondholder group that had threatened to derail the utility's bankruptcy. The ...Read Full Story »
Infrastructure
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Bankruptcy Judge OKs PG&E Settlements With Victims, Insurers
Federal Bankruptcy Court Judge Dennis Montali on Tuesday approved two settlements related to the PG&E Corp. (NYSE: PCG) bankruptcy filing. The judge has approved the company's $13.5 billion settlement with ...Read Full Story »
PG&E Plays Its $13.5 Billion Hole Card
After taking a beating in a Friday letter from California Governor Gavin Newsom, bankrupt utility PG&E Corp. (NYSE: PCG) on Monday fired back. The company announced Tuesday morning that it ...Read Full Story »
5 Top Utilities Expected to Outperform in 2020
With each end of year, Wall Street strategists and analysts make their forecasts for the year ahead. The coming year is expected to extend the current bull market beyond its ...Read Full Story »
Will California Governor Decide Who Wins the Struggle for PG&E?
When PG&E Corp. (NYSE: PCG) on Monday announced that it had reached a deal with wildfire victims, the company's stock jumped by 20%, before closing with a gain of around ...Read Full Story »
Did PG&E Just Pull the Rug From Under Elliott and Pimco?
PG&E Corp. (NYSE: PCG) on Friday announced that it had reached an agreement with victims of 2017 and 2018 Northern California wildfires. The settlement is valued at $13.5 billion and ...Read Full Story »
Do Duke Energy Earnings Signal a Downturn for Utilities?
Duke Energy Corp. (NYSE: DUK), which is generally considered a bellwether for utilities, reported its most recent quarterly results before the markets opened on Friday. While investors seem to be ...Read Full Story »
PG&E Earnings Overshadowed by Bankruptcy, Fires
When PG&E Corp. (NYSE: PCG) reported fiscal third-quarter results before markets opened Thursday, the embattled utility company posted adjusted diluted earnings per share (EPS) of $1.11 on revenues of $4.43 ...Read Full Story »
Why One Analyst Sees Expensive Water Utility Stocks Going Even Higher
The current bull market is over 10 years old, the strong economy has been slowing and investors are seeing and hearing "recession" so frequently some people might think a recession ...Read Full Story »
China Express Delivery Competes With FedEx and UPS
Trade friction between the United States and China has threatened the ability for the U.S. delivery companies FedEx and UPS to do business in China. FedEx, in particular, has been ...Read Full Story »
What Makes Water Clean
Flint, Michigan, has had dangerous water for five years, at least. It contains too much lead. Newark, New Jersey, faces a similar crisis. Although most drinking water in the United ...Read Full Story »
Does PG&E’s Reorganization Plan Have Any Support?
The bankruptcy reorganization plan submitted by PG&E Corp. (NYSE: PCG) on Monday got a predictable response: with a few exceptions, no one liked it. PG&E's plan proposes to pay in ...Read Full Story »
PG&E Declines San Francisco Bid, Preferring Bankruptcy to Municipal Ownership
Since filing for bankruptcy protection in January, PG&E Corp. (NYSE: PCG) has been acutely focused on legislation pending in the state legislature that would have allowed the company to issue ...Read Full Story »
Potential Destruction From Dorian Spreads to 1.5 Million Homes
When Hurricane Dorian was supposed to come ashore in the middle of the Atlantic Coast of Florida, hundreds of thousands of homes were at risk for significant damage. That estimate ...Read Full Story »
A Shockingly High Number of People End Up in Jail More Than Once a Year
A recidivist is a habitual criminal, one who relapses constantly into crime. That term applies to a surprisingly large number of offenders in the U.S., according to a new report ...Read Full Story »
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