US Market News
2週前
PG&E Warns Customers About Emerging "Barcode Scam:" Here's What You Should KnowJune 15, 2026 2:26 PM
PR Newswire (US) Victims of scams have lost an average of $969 so far this yearOAKLAND, Calif., June 15, 2026 /PRNewswire/ -- So far this year, monetary losses from scams impacting Pacific Gas and Electric Company (PG&E) customers are on track to outpace 2025, with customers losing over $211,000 through mid-year. To help customers spot the signs of a scam and avoid falling victim, PG&E is sharing important tips and is warning customers of an emerging scam that may be playing a part in that surge. The most common scam continues to involve scammers placing a phone call to PG&E customers with a demand for immediate payment to avoid disconnection. A new wrinkle on that scam has emerged in 2026, where scammers call customers to threaten disconnection, and then send them either a barcode or QR code via text or email. The customer is then instructed to take the barcode or QR code to a store or business to present to a cashier to make payment."Scammers are constantly evolving their tactics to defraud customers, and the latest 'barcode scam' is a prime example of that. What hasn't changed is that they are still demanding immediate payment of your bill to avoid disconnection. If you receive a call of this nature, hang up. If someone at your door asks to see your utility bill, close the door. Then, call our 800 number or log into your account at PGE.com to verify your billing details," said PG&E lead scam investigator Matt Foley."Remember, PG&E will never ask you for financial information over the phone or for payment via bar code, QR code or pre-paid debit cards or money transfer services like Zelle, and we won't ask to see your bill at your door," he said. By the NumbersIn 2025, PG&E received nearly 24,000 reports from customers who were targeted by scammers impersonating PG&E and lost over $301,000 in fraudulent payments with an average loss of $590.By mid-year 2026, customers have already reported over $211,000 in losses to utility scammers, representing a nearly a 30% increase in financial losses by year's end, with an average loss of $969.Unfortunately, that number is likely just the tip of the iceberg for overall scams, as many go unreported.Small- and medium-sized businesses are also a target, and scammers focus their efforts during busy business hours, preying on business owners' sense of urgency to keep the doors open and the lights on. In 2026, in less than half a year, PG&E has received nearly 656 reports of scam attempts targeting business customers. That's on pace to easily surpass 2025, which saw 846 reports of scammers targeting businesses.Signs of a potential scamThreat to disconnect: Scammers may aggressively demand immediate payment for an alleged past due bill.Asking to see your bill: If someone comes to your home and asks to see your bill, they are not with PG&E.Request for immediate payment via prepaid debit card or money transfer service: Scammers may instruct the customer to purchase a prepaid debit card then call them back supposedly to make a bill payment, or they may ask for payment via a money transfer service like Zelle.Refund or rebate offers: Scammers may say that your utility company overbilled you and owes you a refund, or that you are entitled to a rebate, and then ask you for your banking information.How customers can protect themselvesCustomers should never purchase a prepaid card to avoid service disconnection or shutoff. PG&E does not specify how customers should make a bill payment and offers a variety of ways to pay a bill, including accepting payments online, by phone, automatic bank draft, mail or in person.If a scammer threatens immediate disconnection or shutoff of service without prior notification, customers should hang up the phone, delete the email, or shut the door. Customers with delinquent accounts receive an advance disconnection notification, typically by mail and included with their regular monthly bill.If someone comes to your door claiming to be with PG&E, customers should know that PG&E personnel carry identification and are always prepared to show it upon request. If a customer still has doubts, they can call 800-743-5000 to confirm whether an individual is there on official company business. And remember, if someone asks to see your bill, they are not with PG&E and you should close the door.As a reminder, PG&E will never send a single notification to a customer within one hour of a service interruption, and we will never ask customers to make payments with a pre-paid debit card, gift card, any form of cryptocurrency, or third-party digital payment mobile applications like Zelle or Venmo.Signing up for an online account at PGE.com is another safeguard. Not only can customers log in to check their balance and payment history, they can sign up for recurring payments, paperless billing and helpful alerts.Scammers Impersonating Trusted Phone Numbers: Scammers are now able to create authentic-looking 800 numbers which appear on your phone display. The numbers don't lead back to PG&E if called back, however, so if you have doubts, hang up and call PG&E at 1-833-500-SCAM. If customers ever feel that they are in physical danger, they should call 911.Customers who suspect that they have been victims of fraud, or who feel threatened during contact with one of these scammers, should contact local law enforcement. The Federal Trade Commission's website is also a good source of information about how to protect personal information.For more information about scams, visit pge.com/scams or consumer.ftc.gov. About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news. View original content to download multimedia:https://www.prnewswire.com/news-releases/pge-warns-customers-about-emerging-barcode-scam-heres-what-you-should-know-302800659.htmlSOURCE Pacific Gas and Electric Company Original: PG&E Warns Customers About Emerging "Barcode Scam:" Here's What You Should Know
US Market News
3週前
Applications Now Open for PG&E and California Fire Foundation Wildfire Preparedness GrantsJune 8, 2026 3:53 PM
PR Newswire (US) More than $1 million in grants, public education, and outreach funded in 2026; Applications Accepted June 8 through July 8OAKLAND, Calif., June 8, 2026 /PRNewswire/ -- With peak wildfire season approaching across Northern and Central California, Pacific Gas and Electric Company (PG&E) and the California Fire Foundation (CFF) are calling for grant applications that support wildfire safety, prevention and emergency preparedness. Applications must be submitted by 11:59 p.m. on July 8, 2026, through the CFF website. Award notification will begin August 10, 2026. The grant program continues a nine-year partnership between PG&E and CFF. PG&E and The PG&E Corporation Foundation (PG&E Foundation) are providing a total of $1.8 million to CFF's Wildfire Safety and Preparedness Program (WSPP). The program continues to drive public awareness about wildfire safety and deliver resources to underserved communities in high fire-risk areas.Last year, as part of the WSPP, PG&E and CFF awarded 63 local fire departments and community groups $950,000 in funding in competitive grants. This year funding has been increased to $1 million in grant awards.In 2025, grants supported:Purchasing approximately 1,500 pieces of personal protective equipment including helmets, boots, gloves, goggles and fire sheltersRemoving over 33 million square feet of hazardous tree and brushChipping and hauling of 3 million pounds of tree limbs, branches and other combustiblesConducting 49 prescribed fires or pile burns for forest managementA full report and video summary on the 2025 WSPP is available by visiting the CFF website."Preparedness plays a critical role in protecting California communities from the growing threat of wildfire," said Angie Carmignani, Executive Director of the California Fire Foundation. "The Wildfire Safety and Preparedness Program helps strengthen local wildfire prevention and preparedness efforts by supporting fire agencies with much needed grants for specialized firefighting equipment, vegetation management and fuels reduction efforts, and obtaining personal protection equipment. CFF's continued partnership with PG&E since 2018 has been important in ensuring resources are there for agencies that need them and that our communities stay informed, prepared and resilient all year round."Since 2018, CFF, which administers and manages the program, has awarded 431 grants to fire departments and community organizations statewide, focusing its efforts in PG&E's service area of Northern and Central California. Funding targets communities identified as having extreme or elevated fire risk as identified by the California Public Utilities Commission."For nine years, PG&E has joined with the California Fire Foundation to support the Wildfire Safety and Preparedness Program," said Andy Abranches, PG&E Vice President of Wildfire Mitigation. "These grants, which provide essential safety equipment and fund projects that reduce the risk of uncontrolled wildfires, reflect our joint, long-term commitment to successfully keeping our hometowns safe."How the Grants Help CommunitiesFrom 2018 to the present, PG&E and the PG&E Foundation have provided $12.25 million in total support for fire safety awareness through the WSPP. The charitable contributions are paid by PG&E shareholders, not PG&E customers.Since 2018, WSPP has funded:Specialized fire equipment and personal protective equipmentDefensible space and vegetation management effortsFuel/hazard reduction programsFire prevention and emergency preparedness education, including senior citizen wildfire preparedness programsPartnerships with community groups in high fire-risk areas to distribute fire-safety informationFire safety outreach campaigns, including 12,000 multi-lingual brochures targeting under-resourced communities in English, Spanish, Chinese, Hmong, and VietnameseThe program develops and distributes in-language fire-safety messaging targeting Spanish, Chinese, Hmong, and Vietnamese communities. These efforts include a comprehensive media campaign consisting of outdoor billboards and in-language television, radio, and digital ads.The California Fire Foundation, a nonprofit 501(c)(3) organization, aids firefighters, their families, and the communities they protect. CFF's Firefighters on Your Side program, also supported by PG&E, provides multi-lingual, culturally relevant fire safety messaging in both digital and print forms to assist the public in staying safe.About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.About The PG&E Corporation Foundation
The PG&E Corporation Foundation is an independent 501(c)(3) nonprofit organization, separate from PG&E and sponsored by PG&E Corporation.About California Fire Foundation
The California Fire Foundation, a nonprofit 501 (c)(3) organization, provides emotional and financial assistance to families of fallen firefighters, firefighters, and the communities they protect. Formed in 1987 by California Professional Firefighters, the California Fire Foundation's mandate includes an array of survivor and victim assistance projects and community initiatives. cafirefoundation.org View original content to download multimedia:https://www.prnewswire.com/news-releases/applications-now-open-for-pge-and-california-fire-foundation-wildfire-preparedness-grants-302794366.htmlSOURCE Pacific Gas and Electric Company Original: Applications Now Open for PG&E and California Fire Foundation Wildfire Preparedness Grants
US Market News
3週前
PG&E Surpasses 1 Million Customer Solar Interconnections--Most of Any U.S. UtilityJune 4, 2026 12:51 PM
PR Newswire (US) From one million rooftops to a smarter, more resilient grid—how customer solar is powering the next era of clean energyOAKLAND, Calif., June 4, 2026 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) today announced that it has surpassed 1 million customers with solar systems connected to its electric grid—more than any utility in the United States—marking a defining moment in the evolution of customer-driven clean energy in California. This milestone reflects decades of customer choice, policy leadership, and grid innovation as solar moved from an expensive niche technology to a cornerstone of California's energy system. Customer solar adoption has evolved from limited activity in the 1990s, to steady growth in the 2000s, to rapid expansion in the 2010s, culminating in more than half a million new interconnections between 2020-2025 and more than 70,000 new solar installations annually over the past two years.Across Northern and Central California, families, businesses, farmers, schools, and communities have chosen to harness the sun—lowering emissions, increasing energy resilience, and reshaping how electricity is produced and used. Together, PG&E's solar customers represent one of the largest concentrations of customer sited, grid-connected solar generation in the world, helping avoid millions of tons of greenhouse gas emissions over time."PG&E supports solar at every scale and has enabled more solar adoption than any utility in the country," said Jason Glickman, Executive Vice President, Strategy and Growth, PG&E. "Reaching one million interconnections is ultimately a story about our customers—but it's also a story about what comes next. The future of solar is not just about producing clean electricity. It's about integrating solar and storage in ways that deliver value for all customers by strengthening the grid and improving resilience."Beyond Adoption: Building the Foundation for the Grid of the Future
The story of one million solar customers is not just about clean energy adoption and generation - it marks a shift toward a fully integrated, customer-powered energy system that treats rooftop solar as core grid infrastructure.As customer sited solar scaled rapidly, PG&E's focus expanded beyond simply connecting these systems to also modernizing the grid for safe and reliable two-way power flows at an unprecedented scale. This includes investments in grid automation, advanced forecasting, streamlined interconnection, and the growing integration of solar paired with battery storage.Together, these technologies are transforming millions of independent solar systems into a connected, responsive energy network—one that can flex with customer needs and grid conditions alike.PG&E helps customers understand and compare solar, battery storage, and other clean energy options through tools such as the Clean Energy Calculator, a personalized resource designed to help customers decide if and when these technologies are right for them: www.pge.com/cleanenergycalculator.Virtual Power Plants: Solar That Shows Up When the Grid Needs It
That future is already taking shape through the expansion of virtual power plants (VPPs)—networks of customer-owned solar and battery systems that can be dispatched in coordination to support the grid during periods of high demand or local constraints.At the customer level, VPPs are built around efficiency, resilience, and choice. Solar power is used in the home first, batteries store energy for evening use and outages, and then VPP programs allow participating customers to share excess energy with the grid in ways that support reliability and reduce overall system strain.In 2025, PG&E helped prove that aggregations of customer batteries can respond quickly and reliably to real-world grid conditions—reinforcing the role customers can play as active participants in grid operations.PG&E along with Sunrun, Tesla, San Diego Gas and Electric, Southern California Edison, and the California Energy Commission organized the largest coordinated demand response test in history: for two hours (from 7:00 – 9:00 p.m. on July 29, 2025) the VPP delivered 535 megawatts of electricity to the grid. That's enough to power hundreds of thousands of homes during peak demand.The test proved that thousands of customer-owned batteries can perform like a single, large power plant when the grid needs it most. Through programs like Demand Side Grid Support (DSGS) and the Emergency Load Reduction Program (ELRP), these aggregated batteries continue to be ready to show up at scale to support reliability during emergency grid conditions and periods of high demand.PG&E and Sunrun also completed a successful hyper-local VPP deployment, dispatching energy from solar-plus-storage homes to provide targeted grid relief. The effort demonstrated how customer systems, when integrated intelligently, can operate like a clean, flexible power plant—helping reduce peak demand, improve reliability, and lower overall system costs."Working together, Sunrun and PG&E have built grid-support programs that allow California families—including middle- and lower-income households—to produce, store, and share their own energy with their communities," said Paul Dickson, Sunrun President and Chief Revenue Officer. "We look forward to further collaborations with PG&E to put Sunrun's flexible energy infrastructure to work for the benefit of all California residents."These efforts signal a broader industry shift: from a one-way grid to an interactive system where customer energy resources are increasingly part of the solution.Innovating Responsibly as New Solar plus Storage Technologies Emerge
PG&E is also preparing for the next wave of customer-driven innovation--expanding access to solar while maintaining the safety and reliability Californians depend on.Interest is growing in new forms of solar and storage—such as plug-in systems—and legislatures and regulators are actively exploring how these technologies can expand access to clean energy, particularly for renters and underserved communities.PG&E supports that innovation and believes every technology that connects to the grid must do so safely, transparently, and in coordination with established electrical standards.Any device capable of exporting power—whether solar, storage, or another form of customer generation—must protect customers, neighbors, and the crews who work on the system every day.Clear rules, modern codes, and thoughtful integration are essential to scaling the next generation of solar technologies without compromising safety or reliability."This is an exciting new clean energy milestone in California," said Stephan Scherer, CEO and co-founder of Craftstrom. "PG&E is leading the way to integrate technologies like plug-in solar and storage to give California residents innovative new ways to harness the power of the sun and participate in the renewable energy markets."Scherer and Craftstrom participated in PG&E's 2025 Pitch Fest where they presented their plug-in technologies to PG&E decision makers as a customer resilience solution. Craftstrom was one of 57 organizations invited to the 2025 Pitch Fest out of more than 400 applicants. A Balanced Path Forward
Surpassing one million solar interconnections underscores a broader transformation underway in California's energy system:The grid of the future will be more distributed, more digital, and more participatory—and customer-owned solar, especially when paired with storage and connected through virtual power plants, will play a central role in delivering clean, reliable energy at scale.To learn more about how PG&E supports customers choosing solar, visit www.pge.com/solarAbout PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE: PCG), is a combined natural gas and electric utility serving more than sixteen million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com, pge.com/news and pge.com/innovation. View original content to download multimedia:https://www.prnewswire.com/news-releases/pge-surpasses-1-million-customer-solar-interconnectionsmost-of-any-us-utility-302791872.htmlSOURCE Pacific Gas and Electric Company Original: PG&E Surpasses 1 Million Customer Solar Interconnections--Most of Any U.S. Utility
US Market News
2月前
PG&E Corporation Reports First Quarter 2026 Results; On Track to Deliver Solid 2026; Bundled Residential Electric Rates Now Down 23% since 2024 for Most Vulnerable CustomersApril 23, 2026 6:00 AM
PR Newswire (US)
OAKLAND, Calif., April 23, 2026 /PRNewswire/ -- PG&E Corporation (NYSE: PCG) is on track to deliver solid financial results in 2026. Financial progress includes:
GAAP earnings were $0.39 per share for the first quarter of 2026, compared to $0.28 per share for the same period in 2025.Non-GAAP core earnings were $0.43 per share for the first quarter of 2026, compared to $0.33 per share for the same period in 2025.Full year 2026 non-GAAP core EPS guidance reaffirmed at $1.64 to $1.66 per share.[1]On track to meet 2-4% non-fuel operating and maintenance (O&M) cost reduction target. Operational progress during the first quarter of 2026 continued to focus on delivering safe, reliable, affordable, and clean energy to customers. Pacific Gas and Electric Company (PG&E or the Utility):Lowered residential bundled electric rates for the fifth time – reducing these rates 23% for PG&E's most vulnerable customers served under the CARE program, and 13% for other customers – since January 2024.Received approval from the U.S. Nuclear Regulatory Commission (NRC) on Diablo Canyon Power Plant's license renewal for extended operations on April 2, 2026. In 2025, the NRC found the nuclear plant to be safe and environmentally sound to operate for another 20 years. Diablo Canyon?provides?safe, reliable, affordable and clean electricity to about four million Californians and makes up nearly 20% of California's clean energy.Connected its eighth renewable natural gas (RNG) facility, enabling more California-produced RNG to help reduce greenhouse gas emissions. PG&E plans to connect an additional five RNG facilities by the end of 2027. Since 2021, PG&E has transported approximately 7.25 billion cubic feet of RNG through its natural gas pipeline system – enough energy to fuel more than 190,000 homes.Completed 31 miles of undergrounded powerlines and installed 44 miles of strengthened poles and covered powerlines in high fire-risk areas. By the end of 2027, PG&E plans to complete more than 1,900 total miles of undergrounding and more than 2,000 miles of strengthened poles and covered powerlines, along with other wildfire safety system upgrades.Connected over 3,100 electric customers and over 1,500 new electric vehicle charging ports to the Utility's grid.Advanced customer data center projects in PG&E's service area, with approximately 4.6 gigawatts (GW) now in final engineering. Every 1 GW of new data center load could help customers save 1% or more on their monthly electric bill, under the right conditions."Our PG&E team continues our progress in delivering safe, reliable, affordable and clean energy to our customers. We've lowered residential bundled electric rates, which are down 23% since January 2024 for our most vulnerable customers. Safety remains our foundation as we strengthen and build resilient energy infrastructure to support California's growth," said PG&E Corporation CEO Patti Poppe.2026 GuidancePG&E Corporation is reaffirming its full year 2026 non-GAAP core earnings guidance range of $1.64 to $1.66 per share. Factors expected to drive non-GAAP core earnings include return on customer capital investment and costs related to unrecoverable interest expense and other earnings factors, including allowance for funds used during construction, incentive revenues, tax benefits, and cost savings, net of below-the-line costs.PG&E Corporation uses "non-GAAP core earnings," which is a non-GAAP financial measure that excludes non-core items, in order to provide a measure that allows investors to compare the underlying financial performance of the business from one period to another, exclusive of non-core items. See the accompanying tables for a reconciliation of consolidated income available for common shareholders to non-GAAP core earnings (including non-GAAP core EPS).Financial ResultsPG&E Corporation recorded first quarter 2026 income available for common shareholders of $858 million, and $0.39 per diluted share, as reported in accordance with generally accepted accounting principles (GAAP). This compares with income available for common shareholders of $607 million, and $0.28 per diluted share, for first quarter 2025.GAAP earnings were primarily driven by customer capital investment due to the earnings impact of higher rate base, the 2023 Wildfire Mitigation and Catastrophic Events (WMCE) final decision, and net O&M savings, partially offset by a lower return on equity in effect during 2026 as compared to 2025, increased wildfire-related claims, net of recoveries, and Wildfire Fund expense. Non-GAAP Core EarningsPG&E Corporation's non-GAAP core earnings were $982 million, and $0.43 per diluted share, for the first quarter of 2026, compared to $728 million, and $0.33 per diluted share, for the first quarter of 2025.Non-GAAP core earnings were driven by similar factors to our GAAP earnings.Non-core items, which management does not consider representative of ongoing earnings, totaled $100 million after tax, and $0.04 per share, for the first quarter of 2026, compared with $120 million after tax, and $0.05 per share, for the first quarter of 2025.Supplemental Financial InformationIn addition to the financial information accompanying this release, presentation slides have been furnished to the Securities and Exchange Commission (SEC) and are available on PG&E Corporation's website at: http://investor.pgecorp.com/financials/quarterly-earnings-reports/default.aspx.Earnings Conference Call PG&E Corporation will hold a conference call on April 23, 2026, at 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time) to discuss its first quarter 2026 results. The public can access the conference call through a simultaneous webcast. The link is provided below and will also be available from the PG&E Corporation website.What: First Quarter 2026 Earnings CallWhen: Thursday, April 23, 2026 at 11:00 a.m. Eastern TimeWhere: http://investor.pgecorp.com/news-events/events-and-presentations/default.aspxA replay of the conference call will be archived athttp://investor.pgecorp.com/news-events/events-and-presentations/default.aspxAlternatively, a toll-free replay of the conference call may be accessed shortly after the live call through April 30, 2026, by dialing (800) 770-2030. The confirmation code 92587 will be required to access the replay.Public Dissemination of Certain InformationPG&E Corporation and the Utility routinely provide links to the Utility's principal regulatory proceedings with the California Public Utilities Commission and the Federal Energy Regulatory Commission at http://investor.pgecorp.com, under the "Regulatory Filings" tab, so that such filings are available to investors upon filing with the relevant agency. PG&E Corporation and the Utility also routinely post, or provide direct links to, presentations, documents, and other information that may be of interest to investors at http://investor.pgecorp.com, under the "Wildfire & Safety" and "News & Events" pages, respectively, in order to publicly disseminate such information. It is possible that any of these filings or information included therein could be deemed to be material information.About PG&E CorporationPG&E Corporation (NYSE: PCG) is a holding company headquartered in Oakland, California. It is the parent company of Pacific Gas and Electric Company, an energy company that serves 16 million Californians across a 70,000-square-mile service area in Northern and Central California. For more information, visit http://www.pgecorp.com.Forward-Looking Statements This news release contains forward-looking statements that are not historical facts, including statements about the beliefs, expectations, guidance, estimates, future plans, and strategies of PG&E Corporation and the Utility, including regarding earnings, customer bills, operating and maintenance costs, system hardening, and load growth. These statements are based on current expectations and assumptions, which management believes are reasonable, and on information currently available to management, but are necessarily subject to various risks and uncertainties. In addition to the risk that these assumptions prove to be inaccurate, factors that could cause actual results to differ materially from those contemplated by such forward-looking statements include factors disclosed in PG&E Corporation's and the Utility's joint Annual Report on Form 10-K for the year ended December 31, 2025, their most recent Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 (Form 10-Q), and other reports filed with or furnished to the SEC, which are available on PG&E Corporation's website at www.pgecorp.com and on the SEC's website at www.sec.gov. PG&E Corporation and the Utility undertake no obligation to publicly update or revise any forward-looking statements, whether due to new information, future events or otherwise, except to the extent required by law.[1] PG&E Corporation is unable to provide GAAP guidance or present a quantitative reconciliation of forward-looking non-GAAP core earnings, non-GAAP core EPS, or non-GAAP core EPS growth without unreasonable effort because specific line items, which may be significant, are not estimable. For instance, amortization of the Wildfire Fund contribution asset, the impacts of regulatory decisions, special tax items, and wildfire-related costs, net of recoveries, are difficult to predict due to various factors outside of management's control.PG&E CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF INCOME(in millions, except per share amounts)
(Unaudited)
Three Months Ended March 31,
2026
2025Operating Revenues
Electric$ 4,967
$ 4,135Natural gas1,914
1,848Total operating revenues6,881
5,983Operating Expenses
Cost of electricity561
399Cost of natural gas470
496Operating and maintenance3,112
2,646Wildfire-related claims, net of recoveries—
49Wildfire Fund expense102
76Depreciation, amortization, and decommissioning1,166
1,097Total operating expenses5,411
4,763Operating Income1,470
1,220Interest income122
117Interest expense(803)
(734)Other income, net116
70Income Before Income Taxes905
673Income tax provision20
39Net Income885
634Preferred stock dividend requirement27
27Income Available for Common Shareholders$ 858
$ 607Weighted Average Common Shares Outstanding, Basic2,199
2,195Weighted Average Common Shares Outstanding, Diluted2,281
2,200Net Income Per Common Share, Basic$ 0.39
$ 0.28Net Income Per Common Share, Diluted$ 0.39
$ 0.28 Reconciliation of PG&E Corporation's Consolidated Earnings Available for Common Shareholders in Accordance with Generally Accepted Accounting Principles (GAAP) to Non-GAAP Core EarningsFirst Quarter, 2026 vs. 2025
Three Months EndedMarch 31,
Earnings
Earnings per
Common
Share(in millions, except per share amounts)2026
2025
2026
2025PG&E Corporation's GAAP earnings/EPS, basic$ 858
$ 607
$ 0.39
$ 0.28Mandatory convertible preferred stock dividends24
—
—
—PG&E Corporation's GAAP earnings/EPS, diluted (1)$ 882
$ 607
$ 0.39
$ 0.28Non-core items: (2)
Amortization of Wildfire Fund contribution (3)74
55
0.03
0.03Bankruptcy and legal costs (4)—
5
—
—Investigation remedies (5)13
19
0.01
0.01Prior period net regulatory impact (6)15
(6)
0.01
—SB 901 securitization (7)(5)
7
—
—Wildfire-related costs, net of recoveries (8)3
40
—
0.02PG&E Corporation's non-GAAP core earnings/EPS (9)$ 982
$ 728
$ 0.43
$ 0.33
All amounts presented in the table above and footnotes below are tax adjusted at PG&E Corporation's statutory tax rate of 27.98% for 2026 and 2025, except for certain costs that are not tax deductible. Amounts may not sum due to rounding.
(1)For more information regarding the calculation of GAAP earnings and EPS, see Note 7 of the Notes to the Condensed Consolidated Financial Statements in the Form 10-Q.
(2)"Non-core items" include items that management does not consider representative of ongoing earnings and affect comparability of financial results between periods, consisting of the items listed in the table above. See Non-GAAP Financial Measures below.
(3)The Utility recorded costs of $102 million (before the tax impact of $28 million) during the three months ended March 31, 2026 associated with the amortization of the Wildfire Fund asset, as well as accretion of the related Wildfire Fund liability. For more information, see Note 2 of the Notes to the Condensed Consolidated Financial Statements in the Form 10-Q.
(4)Related to costs to resolve proof of claims filed in PG&E Corporation's and the Utility's Chapter 11 filing.
(5)Includes costs associated with the decision different for the order instituting investigation ("OII") related to the 2017 Northern California Wildfires and 2018 Camp Fire ("Wildfires OII"), the system enhancements related to the locate and mark OII, restoration and rebuilding costs for the town of Paradise, and the settlement agreement resolving the Safety and Enforcement Division's investigation into the 2020 Zogg fire, as shown below. (in millions)Three Months Ended
March 31, 2026Wildfires OII disallowance and system enhancements$ 8Locate and mark OII system enhancements2Paradise restoration and rebuild(1)2020 Zogg fire settlement6Investigation remedies$ 14Tax impacts(1)Investigation remedies (post-tax)$ 13
(6)The Utility recorded costs of $21 million (before the tax impact of $6 million) during the three months ended March 31, 2026 related to an adjustment for potential disallowances associated with a FERC settlement. Separately, 2025 reflects an adjustment to expenses associated with the recovery of capital expenditures from 2011 through 2014 above amounts adopted in the 2011 GT&S rate case per the CPUC decision dated July 14, 2022.
(7)The Utility recorded benefits of $7 million (before the tax impact of $2 million) during the three months ended March 31, 2026 related to any earnings-impacting investment losses or gains associated with investments related to the contributions to the Customer Credit Trust.
(8)Includes costs to resolve third-party claims, net of recoveries, for the 2019 Kincade fire and 2021 Dixie fire, inclusive of outside counsel fees, as shown below. (in millions)Three Months Ended
March 31, 20262019 Kincade fire$ 12021 Dixie fire3Wildfire-related costs, net of recoveries$ 4Tax impacts(1)Wildfire-related costs, net of recoveries (post-tax)$ 3
(9)"Non-GAAP core earnings" and "Non-GAAP core EPS" are non-GAAP financial measures. See Non-GAAP Financial Measures below.
Undefined, capitalized terms have the meanings set forth in the Form 10-Q.
Non-GAAP Financial MeasuresPG&E Corporation and Pacific Gas and Electric Company
Non-GAAP Core Earnings and Non-GAAP Core EPS"Non-GAAP core earnings" and "Non-GAAP core EPS," also referred to as "non-GAAP core earnings per share," are non-GAAP financial measures. Non-GAAP core earnings is calculated as income available for common shareholders, diluted, less non-core items. "Non-core items" include items that management does not consider representative of ongoing earnings and affect comparability of financial results between periods, consisting of the items listed above. Non-GAAP core EPS is calculated as non-GAAP core earnings divided by common shares outstanding on a diluted basis.PG&E Corporation discloses historical financial results and provides guidance based on "non-GAAP core earnings" and "non-GAAP core EPS" in order to provide measures that allow investors to compare the underlying financial performance of the business from one period to another, exclusive of non-core items. PG&E Corporation and the Utility use non-GAAP core earnings and non-GAAP core EPS to understand and compare operating results across reporting periods for various purposes including internal budgeting and forecasting, short- and long-term operating planning, and employee incentive compensation. PG&E Corporation and the Utility believe that non-GAAP core earnings and non-GAAP core EPS provide additional insight into the underlying trends of the business, allowing for a better comparison against historical results and expectations for future performance.Non-GAAP core earnings and non-GAAP core EPS are not substitutes or alternatives for GAAP measures such as consolidated income available for common shareholders and may not be comparable to similarly titled measures used by other companies.
View original content to download multimedia:https://www.prnewswire.com/news-releases/pge-corporation-reports-first-quarter-2026-results-on-track-to-deliver-solid-2026-bundled-residential-electric-rates-now-down-23-since-2024-for-most-vulnerable-customers-302751163.htmlSOURCE PG&E Corporation
Original: PG&E Corporation Reports First Quarter 2026 Results; On Track to Deliver Solid 2026; Bundled Residential Electric Rates Now Down 23% since 2024 for Most Vulnerable Customers
US Market News
2月前
PG&E Launches the PG&E PowerHouse -- An All-Electric Home Designed to Make Electrification Easier and More AffordableApril 17, 2026 2:25 PM
PR Newswire (US)
The PG&E PowerHouse is a fully electric model home and living lab built to take the guesswork out of electrificationOAKLAND, Calif., April 17, 2026 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) today unveiled the PG&E PowerHouse, an all-electric model home and technology demonstration lab located at PG&E's Applied Technology Services (ATS) facility in San Ramon, California.
The PG&E PowerHouse is where PG&E and its partners test, integrate, and validate clean energy technologies—including bidirectional electric vehicle (EV) charging, smart electric panels and meters, heat pumps, battery energy storage, and induction cooking—to help reduce cost, complexity, and uncertainty for customers interested in electrification.Designed as both a model home and living laboratory, the PowerHouse allows customers, contractors, policymakers, and partners to see how an all-electric home works in real life—from everyday comfort and energy management to resilience during power outages."Seeing is believing," said Mike Delaney, Vice President, Strategy and Innovation at PG&E. "The PG&E PowerHouse demonstrates an easy and enjoyable electrified future for our customers. We are tenaciously working every day to eliminate the barriers of cost, time, and complexities so that our customers can make this transition free of hassle and stress." Built to Remove the Biggest Barriers to Electrification
For many customers, electrification can feel expensive and confusing, with concerns about electrical upgrades, device compatibility, and long-term costs.The PowerHouse was built to tackle those challenges head on by integrating and testing solutions that make electrification simpler, more flexible, and more accessible.The PG&E PowerHouse is equipped with a range of modern clean energy technologies that can enable customers to:Add electric appliances and EV charging without costly panel upgradesManage energy use more intelligently to control costsImprove home resilience, including backup power using electric vehiclesAdopt electrification step-by-step, instead of all at once. PG&E recently launched the Clean Energy Calculator, powered by GridX, to help customers understand costs and savings potential before deciding what is best for their home now and down the road.This work builds on PG&E's broader efforts to enable affordable electrification, including initiatives like PG&E's collaboration with SPAN to deploy SPAN Edge technology through a new, forthcoming offering called PanelBoost, which helps customers add EVs and electric appliances without expensive electrical service upgrades.Real Technologies, Tested Together in One Home
The PG&E PowerHouse brings together technologies in a single home environment—including:Bidirectional electric vehicles, demonstrating how EVs can serve as home energy assets and provide grid support, building on PG&E's industry-leading Vehicle-to-Everything pilot program. Customers enrolled in PG&E's V2X program may qualify for up to $4,500 in incentives toward eligible equipment.Smart electric panels and advanced meters, showing how homes can manage electrical loads safely and efficientlyHigh-efficiency appliances, including heat pump space and water heating and induction cooking, replacing gas systems while maintaining comfort.Smart EV charging and energy management, helping customers balance convenience, reliability and costThese demonstrations complement PG&E's expanded collaboration with Itron to enhance the customer experience through grid-edge intelligence called ChargeBoost, which is designed to make home electrification easier and more affordable while improving grid reliability. Many of the projects and technologies tested at the PG&E PowerHouse are funded through PG&E's electric R&D budget under the public purpose program Electric Program Investment Charge (EPIC). EPIC supports the demonstration of emerging technologies that advance safety, reliability, affordability, environmental sustainability, and equity for California electric customers.Turning Innovation into Clear Guidance for Customers
The PG&E PowerHouse is more than a showcase—it is a working lab that helps PG&E translate innovation into clearer guidance, better programs, and simpler customer pathways.By testing technologies in real-world home conditions before they scale, PG&E can help ensure customers benefit from solutions that are practical, proven, and ready to deploy. Insights from the PowerHouse will inform future customer programs, contractor guidance, and investments designed to lower costs and simplify electrification.Following today's launch, the PG&E PowerHouse will serve as a long-term demonstration and learning space, hosting tours, technology showcases, partner collaborations, and community engagement focused on the future of electric living.By grounding innovation in a real home environment, PG&E aims to help customers see not just what's possible—but what's practical.Learn More About Electrifying Your Home
Customers interested in learning more about electric appliances, EV charging, rebates, and programs can visit https://www.pge.com/electrify for tools and resources to help plan their electrification journey.About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE: PCG), is a combined natural gas and electric utility serving more than sixteen million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com, pge.com/news and pge.com/innovation.
View original content to download multimedia:https://www.prnewswire.com/news-releases/pge-launches-the-pge-powerhouse--an-all-electric-home-designed-to-make-electrification-easier-and-more-affordable-302746191.htmlSOURCE Pacific Gas and Electric Company
Original: PG&E Launches the PG&E PowerHouse -- An All-Electric Home Designed to Make Electrification Easier and More Affordable
US Market News
3月前
U.S. Nuclear Regulatory Commission Approves License Renewal Application for Extended Operations of Diablo CanyonApril 2, 2026 3:30 PM
PR Newswire (US)
Three-Year Process Included Approvals from State Agencies to Keep Safe, Reliable and Affordable, Carbon-Free Resource Online to Serve Millions of CaliforniansAVILA BEACH, Calif., April 2, 2026 /PRNewswire/ -- The federal Nuclear Regulatory Commission (NRC) today approved Pacific Gas and Electric Company's 20-year license renewal application for extended operations of Diablo Canyon Power Plant.
The NRC's approval follows a transparent and public process through which the agency determined that Diablo Canyon is safe and environmentally sound to operate for another 20 years, though extending operations past 2030 would require action from the California Legislature.The three-year license renewal process also included approvals from state and regional agencies including the California Public Utilities Commission, the State Lands Commission, the California Coastal Commission and the Central Coast Regional Water Quality Control Board.Diablo Canyon?provides?safe, reliable, affordable and clean electricity to about four million Californians and makes up nearly 20% of California's clean energy."The NRC's approval of Diablo Canyon's license renewal application marks an important milestone for California's energy future," said Pacific Gas and Electric Company CEO Sumeet Singh. "Diablo Canyon is the state's largest source of clean energy and a cornerstone of reliability. Every day, we maintain an unwavering focus on operating a safe, reliable, affordable and clean energy system that can meet growing demand in a changing climate. The NRC's thorough and thoughtful review underscores the strength of our commitment, and we are proud of Diablo Canyon's continued role in supporting California's focus on net-zero energy."Acting Director of the NRC's Office of Nuclear Reactor Regulation Jeremy Groom called Diablo Canyon an integral part of the Central Coast community and a stabilizing force for California's electric grid."Today's milestone reminds us that when discipline, science, responsibility and vision all come together, we can build an energy future that is both sustainable and secure," Groom said during a license renewal-signing ceremony Thursday morning. "Diablo Canyon's procedures and oversight have evolved throughout the years and through rigorous review, continuous inspection and technical refinement. This license renewal reflects that strength of commitment and confidence earned through a thorough and transparent NRC review."Groom also recognized PG&E for its engagement throughout the license renewal process.Groom noted that Diablo Canyon's license renewal marked the NRC's 100th renewed operating license for U.S. power plants.Commitment to SafetyPG&E agreed with environmental and labor groups in 2016 to retire Diablo Canyon's Unit 1 in November 2024 and Unit 2 in August 2025.In 2022, after statewide rotating power outages during a heat wave in 2020 and?new?energy demand projections, California lawmakers?passed and Gov. Gavin Newsom signed Senate Bill 846, directing?Diablo?Canyon?to?run through 2030?for its grid reliability?and clean energy?supply.In 2023, at the California State Legislature's direction, PG&E submitted its license renewal application to the NRC."Throughout the license renewal process and our more than 40-year history, we've demonstrated our constant commitment to operating Diablo Canyon with safety at the forefront," said PG&E Senior Vice President and Chief Nuclear Officer Paula Gerfen. "It's a privilege to continue powering California's clean energy future, and we realize we must earn the right to do so every day by operating at the highest levels of safety, performance and reliability."Beyond being the state's largest source of clean energy, Diablo Canyon runs around the clock 365 days a year. That makes it a steady power source as energy needs?increase?across the state.A 2025 report from the California Energy Commission found that "[electric] system reliability is expected to continue to significantly improve due to [several factors that include] the near-term retention of Diablo Canyon Power."Overall, the California Energy Commission expects peak electricity demand to grow by?more than?20?gigawatts by?2045.?That is equal to the energy of nine?Diablo Canyons.? Diablo Canyon's extended operations?through 2030?include financial benefits of $450 million annually due to avoided greenhouse gas emissions.Diablo Canyon's extended operations through 2030 are expected to annually reduce?greenhouse-gas?emissions equivalent to carbon-dioxide emissions from 1.6 million cars.About Diablo Canyon Power PlantDiablo Canyon Power Plant is the state's largest source of clean energy and generates more than 2,200 megawatts of baseline electricity, enough electricity to power the lives of four million Californians every day.It employs nearly 1,300 employees and is one of the largest private employers in San Luis Obispo County, located in California's Central Coast region.?On average, PG&E and its employees provide hundreds of thousands of dollars in programmatic grants and charitable donations every year within San Luis Obispo and Santa Barbara counties. PG&E employees also volunteer thousands of hours of personal time each year to after-school athletic programs, environmental organizations, churches, and other community organizations.About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
View original content to download multimedia:https://www.prnewswire.com/news-releases/us-nuclear-regulatory-commission-approves-license-renewal-application-for-extended-operations-of-diablo-canyon-302733193.htmlSOURCE Pacific Gas and Electric Company
Original: U.S. Nuclear Regulatory Commission Approves License Renewal Application for Extended Operations of Diablo Canyon
US Market News
3月前
Planning an Outdoor Digging Project this Spring? Call 811 Before You Dig to Avoid Repair Costs Averaging $3,500April 1, 2026 11:00 AM
PR Newswire (US)
In 2025, there were over 1,200 incidents in Northern and Central California where underground utility lines were damaged due to diggingOAKLAND, Calif., April 1, 2026 /PRNewswire/ -- Every year during spring and summer months, many California homeowners and residents turn their attention to yard improvement projects that involve digging. Whether it's repairing or replacing a fence, planting or landscaping, or installing a new mailbox, April is National Safe Digging Month, a reminder to call 811 before any digging project, large or small to dig safely and avoid expensive repair bills averaging $3,500.
During 2025 there were over 1,200 incidents where underground utility lines were damaged due to digging. And far too often, these incidents are a result of seemingly small digging projects where homeowners failed to call 811. In fact, in 89 percent of incidents where a homeowner damaged an underground line while digging, 811 was not called. Not only is digging without knowing the location of underground lines dangerous, it can also result in expensive repairs and inconvenient outages and require a 911 response.Underground utility lines can be shallow, sometimes only a few inches below the surface, due to erosion, previous digging projects or landscaping, shifting or settling of the ground and uneven surfaces. Customers should make a free call to 811 a minimum of two business days before starting any digging project, large or small."Calling 811 is required before all digging projects, even small ones using hand tools. This simple and free step will help keep you, your family, and neighbors safe, while also avoiding expensive repairs. Once 811 has been notified, professionals will mark the location of underground utilities using paint and/or flags, so you know what's below and can dig safely," said Jeff Janvier, PG&E Gas Operations Lead. Warmer weather months see an increase in digging projects, and unfortunately many of those projects are proceeding without a free call to 811 to have underground utilities marked for project sites. In fact, a recent national survey conducted by the Common Ground Alliance (CGA), found that the most common reason homeowners skip contacting 811 is assuming their project is too shallow to pose a risk – a misconception that continues to put people and property in harm's way. From planting a tree to installing a mailbox to setting up a backyard fence, no digging project is too small to call 811.2024 by the numbers:There were 1,247 incidents in Northern and Central California where homeowners or contractors damaged underground gas or electric lines while diggingIn 55 percent of incidents when an underground utility line was damaged due to digging, 811 was not called.For homeowners specifically, that percentage rises to 89 percentThe average cost to repair a damaged utility line is $3,500Leading causes of damages to underground utility lines while digging include: building or replacing a fence, gardening and landscaping, planting a tree or removing a stump, sewer and irrigation work and building a deck or patioCalling 811 is Fast and Free: Customers should call 811 a minimum of two business days before beginning any project that involves digging, no matter how large or small. Customers can also visit 811express.com to have underground utility lines marked for their project site.Professional utility workers for all utilities (gas, electric, water, sewer and telecommunications) will be dispatched to mark the location of all underground utility lines for the project site with flags, spray paint, or bothThe 811 call center serving Central and Northern California, USA North, is staffed 24 hours a day, seven days a week, and will provide Spanish and other translation services.PG&E safe digging tipsMark project area in white: Identify the digging location by drawing a box around the area using white paint, white stakes, white flags, white chalk or even white baking flour.Call 811 or submit an online request a minimum of two working days before digging: Be prepared to provide the address and general location of the project, project start date and type of digging activity. PG&E and other utilities will identify underground facilities in the area for free. Requests can be submitted a maximum of 14 days prior to the start of the project.Dig safely: Use hand tools when digging within 24 inches of the outside edge of underground lines. Leave utility flags, stakes or paint marks in place until the project is finished. Backfill and compact the soil.Be aware of signs of a natural gas leak: Smell for a "rotten egg" odor, listen for hissing, whistling or roaring sounds and look for dirt spraying into the air, bubbling in a pond or creek and dead/dying vegetation in an otherwise moist area.About Common Ground Alliance
CGA is a member-driven association of nearly 4,000 damage prevention professionals spanning every facet of the underground utility industry. Established in 2000, CGA is committed to saving lives and preventing damage to North American underground infrastructure by promoting effective damage prevention practices. CGA has established itself as the preeminent source of damage prevention data and information in an effort to reduce damages to underground facilities in North America through shared responsibility among all stakeholders. For more information, visit CGA on the web at?http://www.commongroundalliance.com. About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
View original content to download multimedia:https://www.prnewswire.com/news-releases/planning-an-outdoor-digging-project-this-spring-call-811-before-you-dig-to-avoid-repair-costs-averaging-3-500--302731466.htmlSOURCE Pacific Gas and Electric Company
Original: Planning an Outdoor Digging Project this Spring? Call 811 Before You Dig to Avoid Repair Costs Averaging $3,500
US Market News
4月前
/C O R R E C T I O N -- Pacific Gas and Electric Company/March 2, 2026 12:43 PM
PR Newswire (US)
In the news release, National Consumer Protection Week: PG&E Encourages Customers to Hang Up, Close the Door and Slam the Scam, issued 02-Mar-2026 by Pacific Gas and Electric Company over PR Newswire, we are advised by the company that changes have been made. The complete, corrected release follows, with additional details at the end:
National Consumer Protection Week: PG&E Encourages Customers to Hang Up, Close the Door and Slam the Scam
PG&E customers lost over $300,000 to utility scammers in 2025OAKLAND, Calif., March 2, 2026 /PRNewswire/ -- With scams that target utility customers continuing at a high rate, Pacific Gas and Electric Company (PG&E) joins the Federal Trade Commission in recognizing National Consumer Protection Week, March 2-8, to help educate customers on how to spot the signs of a scam and avoid falling victim.
In 2025, PG&E received nearly 24,000 reports from customers who were targeted by scammers impersonating the company, and customers lost approximately $301,000 in fraudulent payments, with the average customer losing $590. Unfortunately, that number is likely just the tip of the iceberg for overall scam attempts, as many go unreported.Scammers calling customers by phone and demanding immediate payment to avoid disconnection continues to be the most common scam. But there has been an increase in recent months of customer reports of utility imposters coming to their door and asking to see their PG&E bill, indicating that scammers are adopting new tactics."If you receive a phone call threatening disconnection if you do not make immediate payment, or if someone at your door asks to see your utility bill, hang up, close the door and slam the scam. Then, call our 800 number or log into your account at PGE.com to verify your billing details," said Matt Foley, lead scam investigator for PG&E."Remember, PG&E will never ask you for financial information over the phone or for payment via pre-paid debit cards or money transfer services like Zelle, and we won't ask to see your bill at your door," he said. Small and medium-sized businesses are also a target, and scammers will focus their efforts during busy business hours, preying on business owners' sense of urgency to keep the doors open and the lights on. In fact, PG&E received nearly 850 reports of scam attempts targeting business customers during 2025.Signs of a potential scamThreat to disconnect: Scammers may aggressively demand immediate payment for an alleged past due bill.Asking to see your bill: If someone comes to your home and asks to see your bill, they are not with PG&E.Request for immediate payment via prepaid debit card or money transfer service: Scammers may instruct the customer to purchase a prepaid debit card then call them back supposedly to make a bill payment, or they may ask for payment via a money transfer service like Zelle.Refund or rebate offers: Scammers may say that your utility company overbilled you and owes you a refund, or that you are entitled to a rebate, and then ask you for your banking information.How customers can protect themselvesCustomers should never purchase a prepaid card to avoid service disconnection or shutoff. PG&E does not specify how customers should make a bill payment and offers a variety of ways to pay a bill, including accepting payments online, by phone, automatic bank draft, mail or in person.If a scammer threatens immediate disconnection or shutoff of service without prior notification, customers should hang up the phone, delete the email, or shut the door. Customers with delinquent accounts receive an advance disconnection notification, typically by mail and included with their regular monthly bill.If someone comes to your door claiming to be with PG&E, customers should know that PG&E personnel carry identification and are always prepared to show it upon request. If a customer still has doubts, they can call 800-743-5000 to confirm whether an individual is there on official company business. And remember, if someone asks to see your bill, they are not with PG&E and you should close the door.As a reminder, PG&E will never send a single notification to a customer within one hour of a service interruption, and we will never ask customers to make payments with a pre-paid debit card, gift card, any form of cryptocurrency, or third-party digital payment mobile applications like Zelle or Venmo.Signing up for an online account at pge.com is another safeguard. Not only can customers log in to check their balance and payment history, they can sign up for recurring payments, paperless billing and helpful alerts.Scammers Impersonating Trusted Phone Numbers: Scammers are now able to create authentic-looking 800 numbers which appear on your phone display. The numbers don't lead back to PG&E if called back, however, so if you have doubts, hang up and call PG&E at 1-833-500-SCAM. If customers ever feel that they are in physical danger, they should call 911.Customers who suspect that they have been victims of fraud, or who feel threatened during contact with one of these scammers, should contact local law enforcement. The Federal Trade Commission's website is also a good source of information about how to protect personal information.For more information about scams, visit pge.com/scams or consumer.ftc.org. About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.Correction: An earlier version of this release incorrectly omitted the word "receive" in the fourth paragraph quote.
View original content to download multimedia:https://www.prnewswire.com/news-releases/national-consumer-protection-week-pge-encourages-customers-to-hang-up-close-the-door-and-slam-the-scam-302700607.htmlSOURCE Pacific Gas and Electric Company
Original: /C O R R E C T I O N -- Pacific Gas and Electric Company/
US Market News
4月前
National Consumer Protection Week: PG&E Encourages Customers to Hang Up, Close the Door and Slam the ScamMarch 2, 2026 11:00 AM
PR Newswire (US)
PG&E customers lost over $300,000 to utility scammers in 2025OAKLAND, Calif., March 2, 2026 /PRNewswire/ -- With scams that target utility customers continuing at a high rate, Pacific Gas and Electric Company (PG&E) joins the Federal Trade Commission in recognizing National Consumer Protection Week, March 2-8, to help educate customers on how to spot the signs of a scam and avoid falling victim.
In 2025, PG&E received nearly 24,000 reports from customers who were targeted by scammers impersonating the company, and customers lost approximately $301,000 in fraudulent payments, with the average customer losing $590. Unfortunately, that number is likely just the tip of the iceberg for overall scam attempts, as many go unreported.Scammers calling customers by phone and demanding immediate payment to avoid disconnection continues to be the most common scam. But there has been an increase in recent months of customer reports of utility imposters coming to their door and asking to see their PG&E bill, indicating that scammers are adopting new tactics."If you a phone call threatening disconnection if you do not make immediate payment, or if someone at your door asks to see your utility bill, hang up, close the door and slam the scam. Then, call our 800 number or log into your account at PGE.com to verify your billing details," said Matt Foley, lead scam investigator for PG&E."Remember, PG&E will never ask you for financial information over the phone or for payment via pre-paid debit cards or money transfer services like Zelle, and we won't ask to see your bill at your door," he said. Small and medium-sized businesses are also a target, and scammers will focus their efforts during busy business hours, preying on business owners' sense of urgency to keep the doors open and the lights on. In fact, PG&E received nearly 850 reports of scam attempts targeting business customers during 2025.Signs of a potential scamThreat to disconnect: Scammers may aggressively demand immediate payment for an alleged past due bill.Asking to see your bill: If someone comes to your home and asks to see your bill, they are not with PG&E.Request for immediate payment via prepaid debit card or money transfer service: Scammers may instruct the customer to purchase a prepaid debit card then call them back supposedly to make a bill payment, or they may ask for payment via a money transfer service like Zelle.Refund or rebate offers: Scammers may say that your utility company overbilled you and owes you a refund, or that you are entitled to a rebate, and then ask you for your banking information.How customers can protect themselvesCustomers should never purchase a prepaid card to avoid service disconnection or shutoff. PG&E does not specify how customers should make a bill payment and offers a variety of ways to pay a bill, including accepting payments online, by phone, automatic bank draft, mail or in person.If a scammer threatens immediate disconnection or shutoff of service without prior notification, customers should hang up the phone, delete the email, or shut the door. Customers with delinquent accounts receive an advance disconnection notification, typically by mail and included with their regular monthly bill.If someone comes to your door claiming to be with PG&E, customers should know that PG&E personnel carry identification and are always prepared to show it upon request. If a customer still has doubts, they can call 800-743-5000 to confirm whether an individual is there on official company business. And remember, if someone asks to see your bill, they are not with PG&E and you should close the door.As a reminder, PG&E will never send a single notification to a customer within one hour of a service interruption, and we will never ask customers to make payments with a pre-paid debit card, gift card, any form of cryptocurrency, or third-party digital payment mobile applications like Zelle or Venmo.Signing up for an online account at pge.com is another safeguard. Not only can customers log in to check their balance and payment history, they can sign up for recurring payments, paperless billing and helpful alerts.Scammers Impersonating Trusted Phone Numbers: Scammers are now able to create authentic-looking 800 numbers which appear on your phone display. The numbers don't lead back to PG&E if called back, however, so if you have doubts, hang up and call PG&E at 1-833-500-SCAM. If customers ever feel that they are in physical danger, they should call 911.Customers who suspect that they have been victims of fraud, or who feel threatened during contact with one of these scammers, should contact local law enforcement. The Federal Trade Commission's website is also a good source of information about how to protect personal information.For more information about scams, visit pge.com/scams or consumer.ftc.org. About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
View original content to download multimedia:https://www.prnewswire.com/news-releases/national-consumer-protection-week-pge-encourages-customers-to-hang-up-close-the-door-and-slam-the-scam-302700607.htmlSOURCE Pacific Gas and Electric Company
Original: National Consumer Protection Week: PG&E Encourages Customers to Hang Up, Close the Door and Slam the Scam
US Market News
4月前
PG&E Introduces Clean Energy Calculator Powered by GridX to Help Customers Plan and Save on Electric UpgradesFebruary 25, 2026 11:00 AM
Business Wire
Pacific Gas and Electric Company (PG&E), today unveiled a new web site designed to help customers make informed decisions as they explore all-electric appliances and solutions.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260225378070/en/PG&E's Clean Energy Calculator, developed in partnership with GridX, delivers personalized cost and savings estimates that help customers understand how clean energy choices may impact their energy bills, available rate plans, and other incentives.
Developed in partnership with GridX, PG&E's Clean Energy Calculator delivers personalized cost and savings estimates that help customers understand how clean energy choices may impact their energy bills, total cost of buying, installing and operating an electric appliance or vehicle, and available rate plans and other incentives.
Accessible through customers’ PG&E online account, users can explore and compare products including electric heat pumps for water heating and home heating and cooling, induction stoves, solar, battery storage, and electric vehicles. The tool uses customers’ actual energy usage data to tailor different upgrade scenarios, compare rate plans, and provide a complete financial picture of electric and gas costs while offering real-time insights into long-term costs and savings.
"Supporting customers early in their choices is essential in our path to a lower-carbon future,” said Vincent Davis, Chief Customer Officer and Senior Vice President, Customer Experience, PG&E. “Tools like the Clean Energy Calculator give customers clarity and control as they explore new ways to cook, heat, and cool their homes, and they can find electric solutions that fit their needs and budgets.”
Electrification can reduce energy use and costs, improve comfort, and create a more sustainable environment for homes, businesses, and communities. PG&E is committed to supporting its customers in every step of the energy upgrade journey.
"PG&E is demonstrating what's possible when utilities think like tech innovators – putting customers first," said Chris Black, CEO of GridX. "The Clean Energy Calculator empowers residential consumers to see the cost implications of their decisions instantly, making clean energy choices simpler, smarter, and more engaging. The addition of gas modeling means customers can truly understand the total cost of ownership when considering electrification options like heat pumps.”
This launch aligns with PG&E’s vision to build trust, support electrification, and deliver affordable, reliable and decarbonized energy solutions to more than 16 million customers across Northern and Central California. Access the Clean Energy Calculator at pge.com/calculator.
Ready to learn more or make the switch? Visit pge.com/electrification for more information, resources, and tips on going electric.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE: PCG), is a combined natural gas and electric utility serving more than sixteen million people across 70,000 square miles in Northern and Central California. For more information, visit www.pge.com and www.pge.com/news
About GridX
GridX partners with utilities and energy suppliers to transform their businesses and accelerate the clean energy transition. The company’s Enterprise Rate and Data Platform helps these organizations to develop new products and business models to achieve their clean energy goals; quickly operationalize new offerings in their billing and settlement processes; and better engage with their customers for broader program adoption. GridX’s platform is used by leading utilities, retail energy suppliers and energy ecosystem OEMs to serve more than 40 million homes and businesses. For more information, visit www.gridx.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260225378070/en/
Media Contact:
Phil LeClare
PR for GridX
phil.leclare@gridx.com
Original: PG&E Introduces Clean Energy Calculator Powered by GridX to Help Customers Plan and Save on Electric Upgrades
US Market News
4月前
Ahead of Winter Storm, PG&E Mobilizes Crews, Pre-positions Resources to Support Safe, Efficient ResponseFebruary 13, 2026 2:00 PM
PR Newswire (US)
OAKLAND, Calif., Feb. 13, 2026 /PRNewswire/ -- A powerful winter storm is forecast to bring widespread rain, heavy mountain snow including low-elevation snow, as well as wind gusts beginning Monday, February 16, 2026. Pacific Gas and Electric Company (PG&E) is pre-positioning resources to support the safe and efficient response to weather-related damage to electric equipment and potential power outages. The company is currently developing resource and preparedness plans and will also be activating its Emergency Operations Center to support the company's coordinated response.
According to PG&E meteorologists, this storm system will deliver multiple hazards, including gusty winds reaching up to 60 mph, intense rainfall, and, for the first time this season, snow levels dropping as low as 2,000 feet. This could lead to outages in areas not typically affected. Significant snow accumulations are expected above 3,000 feet, especially from Monday night into Tuesday. PG&E's meteorologists anticipate the storm will arrive early Monday morning and gradually weaken by Wednesday evening.Unlike most winter storms, this event will progress in several phases, with multiple storm systems moving through the region, sometimes lingering and intensifying the risks posed by wind, rain, and snow."In addition to our customer outreach and engagement, as part of our preparation and resource planning ahead of storms or other seasonal weather events, we also prioritize engagement with state and local agency partners to help support a safe, efficient, coordinated response," said Angie Gibson, PG&E Emergency Preparedness and Response Vice President.Storm Readiness and PlanningPG&E's expanded use of artificial intelligence (AI) and machine-learning enhanced weather models provide an early picture of how and where the storm will affect electric infrastructure. These tools integrate real-time atmospheric data, historical outage patterns, and mapping, which is used to inform the strategic pre-placement of crews, power poles, transformers, and critical electric equipment throughout the service area. This allows PG&E to move crews and equipment closer to areas expected to be hardest hit before impacts occur, which can help streamline restoration efforts once it's safe to begin work."The safety of our hometowns remains our most important responsibility and we are actively monitoring the weather system and analyzing data to align the strategic placement of crews and resources to support a safe and swift response to any storm-related outages," said Peter Kenny, PG&E Electric Transmission and Distribution Senior Vice President.Regional ImpactsStrong south winds, up to 60 mph, will sweep across the Bay Area, Central Coast, San Joaquin Valley, and Sierra foothills, increasing the risk of widespread outages.Heavy, sustained rainfall is expected, ranging from 0.50 to 3 inches in mountainous and coastal regions, with the Sierra and elevated coastal areas seeing the most precipitation.Lightning and isolated thunderstorms are forecast, particularly in elevated Central Coast and interior regions, raising the potential for weather-related disruptions.Keeping Customers InformedPG&E encourages customers to monitor local weather updates, prepare for possible outages, and take necessary safety precautions, especially in areas prone to flooding, wind damage, or snow accumulation. If an outage occurs, PG&E will provide updates on outage status and estimated restoration times. Information can also be found on PGE.com/outages. PG&E will also share updates on PG&E Currents.Storm Safety TipsNever touch downed wires. Always assume they are energized; call 911 and then PG&E at 1-800-743-5002Use generators safely, only outdoors and installed by a licensed electrician.Use flashlights, not candles during outages to avoid fire hazards.Secure outdoor furniture to prevent items from blowing into powerlines.Disconnect appliances during outages to prevent overloads when service is restored.Call 811 before digging, especially after storms. For more preparedness resources, visit https://www.safetyactioncenter.pge.com.About PG&EPacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
View original content to download multimedia:https://www.prnewswire.com/news-releases/ahead-of-winter-storm-pge-mobilizes-crews-pre-positions-resources-to-support-safe-efficient-response-302687955.htmlSOURCE Pacific Gas and Electric Company
Original: Ahead of Winter Storm, PG&E Mobilizes Crews, Pre-positions Resources to Support Safe, Efficient Response
US Market News
4月前
PG&E Corporation Reports Solid 2025 Results, Tightens 2026 Earnings GuidanceFebruary 12, 2026 6:00 AM
PR Newswire (US)
OAKLAND, Calif., Feb. 12, 2026 /PRNewswire/ -- PG&E Corporation (NYSE: PCG) delivered solid financial results in 2025 and is on track to deliver in 2026 and beyond:
GAAP earnings were $0.29 and $1.18 per share for the fourth quarter and full year 2025, respectively, compared to $0.30 and $1.15 for the same periods in 2024.Non-GAAP core earnings were $0.36 and $1.50 per share for the fourth quarter and full year 2025, respectively, compared to $0.31 and $1.36 per share for the same periods in 2024.Tightening 2026 non-GAAP core EPS guidance to $1.64 to $1.66 per share versus $1.62 to $1.66 per share previously.[1]Amplifying the Simple Affordable Model, targeting customer bill inflation of 0-3% versus 2-4% previously.Reduced non-fuel operating and maintenance (O&M) costs in 2025 by 2.5%.Continued redeployment of O&M savings, bringing cumulative four-year total to over $700 million.Advanced 2 gigawatts (GW) of data center projects into final engineering since third quarter update, with approximately 3.6 GW now in final engineering.Operational progress during 2025 continued to focus on delivering safe, reliable, affordable, and clean energy to customers. Pacific Gas and Electric Company (the Utility):Delivered the fourth reduction in residential bundled electric rates in two years with natural gas rates also going down. Combined with previous decreases, residential electric rates are 11% lower than in January 2024.Achieved a third consecutive year of zero major wildfires caused by the Utility's equipment.Completed 334 miles of undergrounded powerlines and installed 207 miles of strengthened poles and covered powerlines in high wildfire-risk areas. Since 2021, the Utility has buried over 1,210 miles of powerlines, nearly eliminating wildfire risk for those lines and improving reliability for customers.Delivered over 99% reliability for natural gas customers and improved systemwide reliability for electric customers by 19% compared to 2024.Connected over 12,730 electric customers and over 18,750 new electric vehicle charging ports to the Utility's grid. New load growth in the years ahead can help reduce electricity prices for all customers."In 2025, our PG&E team made real progress delivering safe, reliable, affordable, and clean energy to customers. We lowered electric prices four times in two years—bucking a national trend—and we achieved a third consecutive year of preventing major wildfires. We also know we're not done yet. Safety, reliability, and affordability will continue to be at the heart of every decision we make," said PG&E Corporation CEO Patti Poppe.
[1] PG&E Corporation is unable to provide GAAP guidance or present a quantitative reconciliation of forward-looking non-GAAP core earnings, non-GAAP core EPS, or non-GAAP core EPS growth without unreasonable effort because specific line items, which may be significant, are not estimable. For instance, amortization of the Wildfire Fund contribution asset, the impacts of regulatory decisions, special tax items, and wildfire-related costs, net of recoveries, are difficult to predict due to various factors outside of management's control.2026 GuidancePG&E Corporation is tightening its full year 2026 non-GAAP core earnings guidance to the range of $1.64 to $1.66 per share, from the prior range of $1.62 to $1.66 per share. Factors expected to drive non-GAAP core earnings include return on customer capital investment and costs related to unrecoverable interest expense and other earnings factors, including allowance for funds used during construction, incentive revenues, tax benefits, and cost savings, net of below-the-line costs.PG&E Corporation uses "non-GAAP core earnings," which is a non-GAAP financial measure, in order to provide a measure that allows investors to compare the underlying financial performance of the business from one period to another, exclusive of non-core items. See the accompanying tables for a reconciliation of non-GAAP core earnings (including non-GAAP core EPS) to consolidated earnings available for common shareholders.Financial ResultsPG&E Corporation recorded annual income available for common shareholders of $2,593 million, or $1.18 per diluted share, as reported in accordance with generally accepted accounting principles (GAAP). This compares with income available for common shareholders of $2,475 million, or $1.15 per diluted share, for 2024.GAAP EPS were primarily driven by an increase in customer capital investment and net O&M savings, partially offset by a lower return on equity in effect during 2025 as compared to 2024, the dilutive impact of PG&E Corporation's 2024 equity offering, cost disallowances in the recent 2023 Wildfire Mitigation and Catastrophic Events (WMCE) decision, increased wildfire-related claims, net of recoveries, and Wildfire Fund expense. Non-GAAP Core Earnings PG&E Corporation's non-GAAP core earnings, which exclude non-core items, were $3,307 million, or $1.50 per diluted share, for 2025, compared to $2,923 million, or $1.36 per diluted share, for 2024.Non-GAAP core EPS were driven by an increase in customer capital investment and net O&M savings, partially offset by a lower return on equity in effect during 2025 as compared to 2024, and the dilutive impact of PG&E Corporation's 2024 equity offering.Non-core items, which management does not consider representative of ongoing earnings, totaled $714 million after tax, or $0.32 per share, for the full year 2025, compared with $448 million after tax, or $0.21 per share, for the full year 2024.Supplemental Financial InformationIn addition to the financial information accompanying this release, presentation slides have been furnished to the Securities and Exchange Commission (SEC) and are available on PG&E Corporation's website at: http://investor.pgecorp.com/financials/quarterly-earnings-reports/default.aspx.Earnings Conference Call PG&E Corporation will also hold a conference call on February 12, 2026, at 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time) to discuss its fourth quarter and full year 2025 results. The public can access the conference call through a simultaneous webcast. The link is provided below and will also be available from the PG&E Corporation website.What: Fourth Quarter and Full Year 2025 Earnings CallWhen: Thursday, February 12, 2026 at 11:00 a.m. Eastern TimeWhere: http://investor.pgecorp.com/news-events/events-and-presentations/default.aspxA replay of the conference call will be archived athttp://investor.pgecorp.com/news-events/events-and-presentations/default.aspxAlternatively, a toll-free replay of the conference call may be accessed shortly after the live call through February 19, 2026, by dialing (800) 770-2030. The confirmation code 92587 will be required to access the replay.Public Dissemination of Certain InformationPG&E Corporation and the Utility routinely provide links to the Utility's principal regulatory proceedings with the California Public Utilities Commission and the Federal Energy Regulatory Commission at http://investor.pgecorp.com, under the "Regulatory Filings" tab, so that such filings are available to investors upon filing with the relevant agency. PG&E Corporation and the Utility also routinely post, or provide direct links to, presentations, documents, and other information that may be of interest to investors at http://investor.pgecorp.com, under the "Wildfire and Safety Updates" and "News & Events: Events & Presentations" tabs, respectively, in order to publicly disseminate such information. It is possible that any of these filings or information included therein could be deemed to be material information.About PG&E CorporationPG&E Corporation (NYSE: PCG) is a holding company headquartered in Oakland, California. It is the parent company of Pacific Gas and Electric Company, an energy company that serves 16 million Californians across a 70,000-square-mile service area in Northern and Central California. For more information, visit http://www.pgecorp.com.Forward-Looking Statements This news release contains forward-looking statements that are not historical facts, including statements about the beliefs, expectations, guidance, estimates, future plans, and strategies of PG&E Corporation and the Utility, including regarding earnings, customer bills, operating and maintenance costs, and load growth. These statements are based on current expectations and assumptions, which management believes are reasonable, and on information currently available to management, but are necessarily subject to various risks and uncertainties. In addition to the risk that these assumptions prove to be inaccurate, factors that could cause actual results to differ materially from those contemplated by such forward-looking statements include factors disclosed in PG&E Corporation's and the Utility's joint Annual Report on Form 10-K for the year ended December 31, 2025 (the "Form-10-K") and other reports filed with the SEC, which is available on PG&E Corporation's website at www.pgecorp.com and on the SEC's website at www.sec.gov. PG&E Corporation and the Utility undertake no obligation to publicly update or revise any forward-looking statements, whether due to new information, future events or otherwise, except to the extent required by law.PG&E CORPORATIONCONSOLIDATED STATEMENTS OF INCOME(in millions, except per share amounts)
Year ended December 31,
2025
2024
2023Operating Revenues
Electric$ 18,318
$ 17,811
$ 17,424Natural gas6,617
6,608
7,004Total operating revenues24,935
24,419
24,428Operating Expenses
Cost of electricity2,609
2,261
2,443Cost of natural gas1,107
1,192
1,754Operating and maintenance11,349
11,808
11,924SB 901 securitization charges, net35
33
1,267Wildfire-related claims, net of recoveries100
94
64Wildfire Fund expense352
383
567Depreciation, amortization, and decommissioning4,634
4,189
3,738Total operating expenses20,186
19,960
21,757Operating Income4,749
4,459
2,671Interest income520
604
606Interest expense(3,028)
(3,051)
(2,850)Other income, net182
300
272Income Before Income Taxes2,423
2,312
699Income tax benefit(280)
(200)
(1,557)Net Income2,703
2,512
2,256Preferred stock dividend requirement110
37
14Income Available for Common Shareholders$ 2,593
$ 2,475
$ 2,242Weighted Average Common Shares Outstanding, Basic2,197
2,141
2,064Weighted Average Common Shares Outstanding, Diluted2,202
2,147
2,138Net Income Per Common Share, Basic$ 1.18
$ 1.16
$ 1.09Net Income Per Common Share, Diluted$ 1.18
$ 1.15
$ 1.05
Reconciliation of PG&E Corporation's Consolidated Earnings Available for Common Shareholders in Accordance with Generally Accepted Accounting Principles ("GAAP") to Non-GAAP Core EarningsFourth Quarter and Full Year, 2025 vs. 2024
Three Months EndedDecember 31,
Year EndedDecember 31,
Earnings
Earnings per
Common
Share
Earnings
Earnings per
Common
Share(in millions, except per share amounts)2025
2024
2025
2024
2025
2024
2025
2024PG&E Corporation's GAAP earnings/EPS, diluted$ 642
$ 647
$ 0.29
$ 0.30
$ 2,593
$ 2,475
$ 1.18
$ 1.15Non-core items: (1)
Amortization of Wildfire Fund contribution (2)58
63
0.03
0.03
253
276
0.11
0.13Bankruptcy and legal costs (3)6
2
—
—
41
35
0.02
0.02Investigation remedies (4)16
14
0.01
0.01
112
55
0.05
0.03Prior period net regulatory impact (5)68
45
0.03
0.02
190
28
0.09
0.01SB 901 securitization (6)(3)
(7)
—
—
26
24
0.01
0.01StanPac settlement (7)—
84
—
0.04
—
84
—
0.04Tax-related adjustments (8)(5)
(213)
—
(0.10)
(5)
(143)
—
(0.07)Wildfire-related costs, net of recoveries (9)5
22
—
0.01
97
89
0.04
0.04PG&E Corporation's non-GAAP core earnings/EPS (10)$ 787
$ 658
$ 0.36
$ 0.31
$ 3,307
$ 2,923
$ 1.50
$ 1.36
All amounts presented in the table above and footnotes below are tax adjusted at PG&E Corporation's statutory tax rate of 27.98% for 2025 and 2024, except for certain costs that are not tax deductible. Amounts may not sum due to rounding.
(1)"Non-core items" include items that management does not consider representative of ongoing earnings and affect comparability of financial results between periods, consisting of the items listed in the table above. See Non-GAAP Financial Measures below.
(2)The Utility recorded costs of $81 million (before the tax impact of $23 million) and $352 million (before the tax impact of $98 million) during the three months and year ended December 31, 2025, respectively, associated with the amortization of the Wildfire Fund asset and accretion of the related Wildfire Fund liability. For more information, see Note 2 of the Notes to the Condensed Consolidated Financial Statements in the Form 10-K.
(3)PG&E Corporation and the Utility recorded costs of $8 million (before the tax impact of $2 million) and $57 million (before the tax impact of $16 million) during the three months and year ended December 31, 2025, respectively, related to costs to resolve proof of claims filed in PG&E Corporation's and the Utility's Chapter 11 filing.
(4)Includes costs associated with the decision different for the order instituting investigation ("OII") related to the 2017 Northern California Wildfires and 2018 Camp Fire ("Wildfires OII"), the system enhancements related to the locate and mark OII, restoration and rebuilding costs for the town of Paradise, and the settlement agreement resolving the Safety and Enforcement Division's investigation into the 2020 Zogg fire, as shown below. (in millions)Three Months Ended
December 31, 2025
Year Ended
December 31, 2025Wildfires OII disallowance and system enhancements$ 7
$ 40Locate and mark OII system enhancements—
1Paradise restoration and rebuild(1)
22020 Zogg fire settlement8
74Investigation remedies$ 14
$ 117Tax impacts2
(6)Investigation remedies (post-tax)$ 16
$ 112
(5)Includes adjustments to expenses (revenues) associated with the recovery of capital expenditures from 2011 through 2014 above amounts adopted in the 2011 GT&S rate case per the CPUC decision dated July 14, 2022, the 2022 WMCE decision dated September 18, 2025, and the 2023 WMCE decision dated February 5, 2026 as well as adjustments to interest associated with transmission right of way (TROW) costs incurred between 2017 and 2024 as shown below. (in millions)Three Months Ended
December 31, 2025
Year Ended
December 31, 20252011 GT&S rate case$ —
$ (19)TROW adjustment$ (59)
$ (59)2022 WMCE decision—
1882023 WMCE decision153
153Prior period net regulatory impact$ 94
$ 263Tax impacts(26)
(73)Prior period net regulatory impact (post-tax)$ 68
$ 190
(6)The Utility recorded benefits of $4 million (before the tax impact of $1 million) and costs of $36 million (before the tax impact of $10 million) during the three months and year ended December 31, 2025, respectively, related to the charge for the establishment of the SB 901 securitization regulatory asset and the SB 901 securitization regulatory liability associated with revenue credits funded by the net operating loss monetization, as well as any earnings-impacting investment losses or gains associated with investments related to the contributions to the Customer Credit Trust and additional contributions to the Customer Credit Trust as a result of the decision voted out on July 24, 2025.
(7)Includes probable costs to resolve legacy gas transportation issues related to its affiliate Standard Pacific Gas Line Incorporated.
(8)The Utility recorded tax benefits of $5 million during the three months and year ended December 31, 2025 associated with certain customer bill credits issued in connection with the San Bruno natural gas explosion that occurred in 2010.
(9)Includes costs to resolve third-party claims, net of recoveries, for the 2019 Kincade fire and 2021 Dixie fire, inclusive of outside counsel fees, as shown below. (in millions)Three Months Ended
December 31, 2025
Year Ended
December 31, 20252019 Kincade fire$ 1
$ 1172021 Dixie fire6
18Wildfire-related costs, net of recoveries$ 7
$ 135Tax impacts(2)
(38)Wildfire-related costs, net of recoveries (post-tax)$ 5
$ 97
(10)"Non-GAAP core earnings" and "Non-GAAP core EPS" are non-GAAP financial measures. See Non-GAAP Financial Measures below.
Undefined, capitalized terms have the meanings set forth in PG&E Corporation's and the Utility's joint Annual Report on Form 10-K. Non-GAAP Financial MeasuresPG&E Corporation and Pacific Gas and Electric CompanyNon-GAAP Core Earnings and Non-GAAP Core EPS"Non-GAAP core earnings" and "Non-GAAP core EPS," also referred to as "non-GAAP core earnings per share," are non-GAAP financial measures. Non-GAAP core earnings is calculated as income available for common shareholders, diluted, less non-core items. "Non-core items" include items that management does not consider representative of ongoing earnings and affect comparability of financial results between periods, consisting of the items listed above. Non-GAAP core EPS is calculated as non-GAAP core earnings divided by common shares outstanding on a diluted basis.PG&E Corporation discloses historical financial results and provides guidance based on "non-GAAP core earnings" and "non-GAAP core EPS" in order to provide measures that allow investors to compare the underlying financial performance of the business from one period to another, exclusive of non-core items. PG&E Corporation and the Utility use non-GAAP core earnings and non-GAAP core EPS to understand and compare operating results across reporting periods for various purposes including internal budgeting and forecasting, short- and long-term operating planning, and employee incentive compensation. PG&E Corporation and the Utility believe that non-GAAP core earnings and non-GAAP core EPS provide additional insight into the underlying trends of the business, allowing for a better comparison against historical results and expectations for future performance.Non-GAAP core earnings and non-GAAP core EPS are not substitutes or alternatives for GAAP measures such as consolidated income available for common shareholders and may not be comparable to similarly titled measures used by other companies.
View original content to download multimedia:https://www.prnewswire.com/news-releases/pge-corporation-reports-solid-2025-results-tightens-2026-earnings-guidance-302685988.htmlSOURCE PG&E Corporation
Original: PG&E Corporation Reports Solid 2025 Results, Tightens 2026 Earnings Guidance
US Market News
5月前
Super Bowl LX's Super Schools Scores Big for Bay Area StudentsFebruary 5, 2026 6:37 PM
PR Newswire (US)
GENYOUth, Oakland Unified School District, Bay Area Host Committee, and Purpose-Driven Supporters Celebrate 60-School Community Initiative Increasing Access to 9 Million School Meals and Expanding Physical Activity Opportunities for Over 33,000 Bay Area StudentsOAKLAND, Calif., Feb. 5, 2026 /PRNewswire/ -- As big game excitement builds across the Bay Area, GENYOUth, the national nonprofit organization dedicated to helping schoolchildren thrive by living well-nourished and physically active lives, today celebrated the successful completion of its Super Schools community initiative at Grass Valley Elementary School in Oakland. In recognition of Super Bowl LX, Super Schools has provided nutrition equipment grants and NFL FLAG-In-School kits to 60 Bay Area schools, delivering a powerful legacy of impact just days before kickoff of the Big Game.
In collaboration with Oakland Unified School District (OUSD); the Bay Area Host Committee; Dairy Council of California; and purpose-minded corporate sponsors including Amazon Access, Domino's, the NFL Foundation, Pacific Gas and Electric Company, and the PepsiCo Foundation, Super Schools has increased access to approximately 9 million school meals annually and expanded opportunities for daily physical activity, benefitting over 33,000 students throughout the Bay Area.At today's celebration, students and their parents experienced firsthand the impact of Super Schools through an interactive, family-focused event featuring experiential learning activities, taste tests and sampling, a nutritious food packing initiative, and fun activities for kids and parents alike. Students also participated in an NFL FLAG-In-School flag football clinic where officials from the San Francisco 49ers coached participants while highlighting the critical connection between proper nutrition and physical activity in supporting student success.In addition, Eat. Learn. Play., an Oakland based charity founded by Stephen and Ayesha Curry, working to transform the school experience for a generation of students, brought their Eat. Learn. Play. Bus to Grass Valley Elementary during the event, offering a free mobile bookstore experience with culturally- affirming books for their students to choose from.Today's celebration showcased the Super School equipment grants awarded to schools, including Grab-and-Go mobile meal carts, insulated milk coolers, and point-of-sale systems that increase access to healthy school meals, along with NFL FLAG-In-School kits that promote student participation in physical activity.Super Schools has delivered a comprehensive package of essential equipment and resources designed to transform students' access to healthy foods and build enjoyment through physical activity. The initiative fosters student nourishment by overcoming barriers to school breakfast including time and stigma, delivering healthy morning meals directly to where students are – whether in hallways, classrooms, or cafeterias – so they can easily access the nutritious meals they need to thrive. The NFL FLAG-In-School kits provide students with fun, inclusive opportunities to stay active through flag football while supporting a lifelong love for movement and play."With one in five children in the Bay Area living in poverty¹, the completion of Super Schools represents a touchdown for student well-being," said Ann Marie Krautheim, M.A., R.D., L.D., CEO of GENYOUth. "We have equipped 60 Bay Area schools, including 10 in the Oakland Unified School District, with the tools they need to nourish and keep students active every single day. These aren't just mobile meal carts and flag football kits – they're lifelines that help children grow, learn, and reach their full potential. As we celebrate Super Bowl LX, we're proud to leave a lasting legacy of impact in the Bay Area, and we're deeply grateful to our purpose-driven partners who have made this possible.""The Super Schools program has made a profound difference for our students at Grass Valley Elementary and across Oakland Unified School District," said OUSD Superintendent Dr. Denise Saddler. "By emphasizing proper nutrition and physical activity, we're helping our students build healthy habits that will serve them for a lifetime. We are grateful to GENYOUth and all mission-driven supporters for their dedication to our students' health, wellness, and academic success.""As we approach Super Bowl LX, Super Schools exemplifies the Bay Area Host Committee's commitment to driving lasting social and economic impact across our region," said Patty Hubbard, Chief Marketing Officer, Bay Area Host Committee. "This initiative has brought together organizations that share our passion for making a meaningful difference in the lives of children, and they have helped create a legacy that will benefit students long after the final whistle blows on game day.""Access to nutritious food shouldn't depend on your zip code, and Super Schools is helping to level the playing field for Bay Area students," said Nancy Dalton, Director, Amazon Access, and GENYOUth Board Chair, "We're honored to have teamed up with GENYOUth on this initiative that has equipped 60 schools with the resources they need to ensure every student can access the healthy meals that fuel their success both in the classroom and beyond.""Food has the power to transform lives, and when students are well-nourished, they're better positioned to achieve their academic goals," said Kate Trumbull, Domino's executive vice president and chief marketing officer. "Through our Domino's Smart Slice program and our partnership with GENYOUth, we're working to foster nutrition security in the communities we serve. As a day-one supporter of GENYOUth, Domino's is proud to have played a role in this impactful initiative that has strengthened nutrition security for thousands of Bay Area students.""At PepsiCo and the PepsiCo Foundation, we focus on ensuring children and families can reliably access nutritious meals that help build thriving communities, said Monica Bauer, Senior Vice President, PepsiCo Social Impact. "Super Schools has made a tangible difference in addressing childhood hunger across the Bay Area by providing schools with the equipment they need to deliver healthy meals to students. We're proud to partner with GENYOUth in their mission to expand equitable access to the nutrition that fuels children's physical well-being, cognitive development, and academic achievement.""The 49ers Foundation is thrilled to see the impact Super Schools has made in making physical activity more inclusive, enjoyable, and accessible to Bay Area students," said Justin Prettyman, Vice President, Philanthropy & Executive Director, 49ers Foundation. "Through NFL FLAG-In-School, we've helped create opportunities for thousands of students to discover the joy, confidence, and teamwork that comes from play and movement. This initiative perfectly aligns with our commitment to empowering Bay Area youth.""Dairy Council of California is honored to partner with GENYOUth on Super Schools to strengthen nutrition security across Bay Area schools," said Amy DeLisio, CEO, Dairy Council of CA. "Dairy plays an essential role in delivering the nutrients that support children's growth, learning, and development and this initiative has expanded access to nutritious school meals for thousands of students.""Pacific Gas and Electric Company is dedicated to a safe, sustainable, and prosperous future for our customers and communities in northern and central California. Healthy schools and good nutrition are vital for children's success," said Stephanie Isaacson, Senior Director of Community Relations at PG&E. "We're pleased to support GENYOUth and the Super Schools initiative in making a positive difference." GENYOUth's commitment to ending student hunger continues this Saturday, February 7, 2026, with Taste of the NFL presented by PepsiCo, the premier purpose-driven culinary event of Super Bowl LX, of which GENYOUth is the charitable partner. Net proceeds raised from Taste of the NFL will benefit schools in the Bay Area and throughout the nation. The collective impact of the 2025 Taste of the NFL event held in New Orleans generated $2.2 million in revenue, which benefited approximately 1,000 schools and 540,000 students by increasing access to 146 million school meals in all 32 NFL club markets.For more information on Taste of the NFL and to purchase tickets, visit TasteoftheNFL.com.To help GENYOUth end student hunger, visit GENYOUthnow.org/donate.¹ Public Policy Institute of CaliforniaAbout GENYOUth
GENYOUth is a 501c3 national nonprofit dedicated to helping school children thrive by living a well-nourished and physically active life. A catalyst for youth health and wellness, GENYOUth has supported over 77,000 U.S. schools to equip them with the resources needed to ensure millions of children have equitable access to nutrition and physical activity. As part of the Action for Healthy Kids Network, GENYOUth convenes a network of private and public partners, including Fortune 100 companies and foundations, to ensure all children are nourished and active to be their best selves. Committed to ending student hunger and promoting physical activity, GENYOUth provides grants that increase access to healthy school meals for food insecure students and empower kids to develop lifelong healthy habits through movement and activity. GENYOUth is the official charitable partner of Taste of the NFL, a purpose-driven Super Bowl culinary experience, and Taste of the Draft, both of which raise awareness and generate funds to fight hunger and food insecurity. To learn more and support GENYOUth, visit www.GENYOUthnow.org and follow us on LinkedIn, Facebook, Instagram and X.About Bay Area Host Committee
The Bay Area Host Committee (BAHC) is the region's first long-term sports entity, dedicated to uniting the Bay Area through sport by building pride, connecting communities, and reenergizing the region. As a nonprofit, BAHC partners with local teams, civic leaders, and businesses to bring world-class sporting events to the Bay Area—driving lasting economic, cultural, and social impact. BAHC is proud to have Boston Consulting Group (BCG), EA SPORTS, Kaiser Permanente and other visionary organizations as founding partners, supporting its mission to bring communities together and create lasting legacies through world-class events and sports. For more information, visit www.bayareahostcommittee.com or email us at info@bayareahostcommittee.com.About the 49ers Foundation
For over 30 years, the 49ers Foundation has harnessed football to educate and empower Bay Area youth through collective and innovative community-focused strategies. From award-winning STEAM education and nationally recognized youth football programs, to impactful community partnerships with leading nonprofits, the 49ers Foundation is tirelessly dedicated to inspiring the confidence and collaboration youth need to tackle what is possible. Since 1991, the 49ers Foundation has invested more than $70 million back into historically underserved Bay Area communities in support of its commitment to remain faithful to the next generation. 49ers.com/foundationAbout PepsiCo
PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated nearly $92 billion in net revenue in 2024, driven by a complementary beverage and convenient foods portfolio that includes Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including many iconic brands that generate more than $1 billion each in estimated annual retail sales.Guiding PepsiCo is our vision to Be the Global Leader in Beverages and Convenient Foods by Winning with pep+ (PepsiCo Positive). pep+ is our strategic end-to-end transformation that puts sustainability and human capital at the center of how we will create value and growth by operating within planetary boundaries and inspiring positive change for planet and people. For more information, visit www.pepsico.com, and follow on X (Twitter), Instagram, Facebook, and LinkedIn @PepsiCo.About the PepsiCo Foundation
The PepsiCo Foundation, the philanthropic arm of PepsiCo, invests in the essential elements of a sustainable food system with a mission to support thriving communities. Working with nonprofits and experts around the globe, we're focused on helping communities obtain access to food security, safe water and economic opportunity. We strive for tangible impact in the places where we live and work—collaborating with industry peers, local and international organizations, and our employees to effect large-scale change on the issues that matter to us and are of global importance. Learn more at www.pepsicofoundation.com. Follow us on Instagram and LinkedIn.About Domino's Pizza®
Founded in 1960, Domino's Pizza is the largest pizza company in the world, with a significant business in both delivery and carryout. It ranks among the world's top public restaurant brands with a global enterprise of more than 21,700 stores in over 90 markets. Domino's had global retail sales of over $19.7 billion in the trailing four quarters ended Sept. 7, 2025. Its system is comprised of independent franchise owners who accounted for 99% of Domino's stores as of the end of the third quarter of 2025. In the U.S., Domino's generated more than 85% of U.S. retail sales in 2024 via digital channels and has developed many innovative ordering platforms.About Amazon Access
Amazon Access is a one-stop-shop for customers to explore programs, discounts, and features that make shopping on Amazon even easier and more affordable, like payment with SNAP EBT, Access Discounts, and Prime Access – a discounted membership for qualifying government assistance recipients and income-verified customers that is half of the cost of a regular Prime membership. Grounded in convenience equity, Amazon Access strives to reduce barriers for lower income individuals to access what they need to live healthy lives. Visit amazon.com/access to learn more.About Pacific Gas and Electric Company
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE: PCG), is a combined natural gas and electric utility serving more than sixteen million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
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Original: Super Bowl LX's Super Schools Scores Big for Bay Area Students
US Market News
5月前
PG&E Accelerating Home Electrification for Customers via SPAN EdgeFebruary 5, 2026 11:49 AM
PR Newswire (US)
New at-the-meter solution gives customers a lower-cost path to adopting EVs and electric appliances—without the delays and expense of traditional panel upgradesOAKLAND, Calif., Feb. 5, 2026 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) today announced a strategic collaboration with SPAN to deploy the company's SPAN Edge solution to help customers electrify their homes more affordably and efficiently.
SPAN Edge is an at-the-meter device that enables real-time load management and allows homes to add new electric appliances or electric vehicle charging without costly electric panel or service upgrades—addressing one of the most significant barriers to residential electrification.PG&E will deploy the new SPAN Edge devices coupled with next-generation metering infrastructure through its new PanelBoost program, a grid-edge innovation initiative designed to reduce upgrade costs for customers adopting electric vehicles, heat pumps, induction cooking, and other high efficiency electric technologies.PG&E estimates that more than 600,000 homes in PG&E's service area are likely to require some type of electric service upgrade in the next decade to meet electrification demand."PG&E is committed to helping our customers electrify affordably while maintaining a reliable, resilient grid," said Mike Delaney, Vice President of Strategy & Innovation, PG&E. "Our work with SPAN aims to enable thousands of households to add electric appliances and EVs faster and without more costly panel and electric system upgrades."PG&E joins a growing list of energy companies and grid partners, including Landis+Gyr, utilizing SPAN Edge to enable affordable customer electrification, manage distribution system upgrades and support the clean energy transition."Our partnership with PG&E is a critical step in making home electrification affordable and accessible," said Arch Rao, CEO of SPAN. "By deploying SPAN Edge at scale, we are helping PG&E customers bypass the traditional 'panel bottleneck' and accelerate the transition to clean energy."A Scalable Solution for California's Load Growth
SPAN Edge uses a Dynamic Service Rating™ capability to shape home energy demand during peak events, helping protect local electric transformers and maintain grid reliability. This technology complements PG&E's broader grid edge, R&D, and innovation strategy to develop and deploy scalable smart-panel and meter-socket-based solutions to avoid expensive service upgrades for customers.Electricians and installers participating in early PanelBoost feedback sessions praised the program for helping customers avoid electric panel service upgrades."PG&E just made it possible to effectively have a 200-amp panel by throttling the loads in their house," one installer noted. Customer testers echoed this sentiment, with several indicating they would have used this pathway before pursuing traditional upgrade work.Building on the Success of PG&E's SAVE Program
SPAN Edge deployments will build on lessons learned from PG&E's successful Seasonal Aggregation of Versatile Energy (SAVE) virtual power plant program, which demonstrated the value of aggregating residential distributed energy resources to mitigate local grid constraints.SPAN's existing customer-sited infrastructure and Dynamic Service Rating™ provided PG&E with valuable load-shaping capability and analytics—and future VPPs can further scale these benefits through at-the-meter technologies like SPAN Edge.With California's energy demand expected to grow meaningfully due to transportation and building electrification, PanelBoost is designed to align with California Energy Commission forecasts and enable cost-effective customer transitions.The program is a part of PG&E's broader innovation implementation strategy that incorporates extensive customer research, market analysis, and lessons learned from previous technology demonstrations.Meaningful Economic and Grid Benefits
SPAN Edge devices are installed quickly at the electric meter. They offer utilities a reliable, flexible load-shaping tool and give customers a lower-cost path to electrification—avoiding service upgrades that can cost $6,000 to $40,000 and take months to complete. In comparison, the cost estimate for a customer to have an electrician to install a SPAN Edge device through PanelBoost could be between $500-$2,000 dependent on a range of factors.Through PanelBoost, PG&E will supply the SPAN Edge device for customers as an add on to their electric meter, and customers will be responsible for the costs for an electrician to install the device and for costs to wire any new appliances and loads connecting to the device.PG&E plans to launch a website with more information about the SPAN Edge PanelBoost offering in summer 2026.PG&E plans to initially scale SPAN Edge devices to thousands of customers when the program kicks off later this summer, with further scale as the program develops over the next several years.To learn more about PG&E's electrification programs and customer offerings, visit www.pge.com/electrificationAbout PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE: PCG), is a combined natural gas and electric utility serving more than sixteen million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com, pge.com/news and pge.com/innovation.About SPAN
SPAN is on a mission to enable electrification for all and provide energy management for every home. The company designs products that remove barriers to electrification, providing a holistic approach to managing increasing demands on household energy. Powering your home with clean energy should be a simple and delightful experience that is technology-forward and human-centered. For more information, go to www.span.io.
View original content to download multimedia:https://www.prnewswire.com/news-releases/pge-accelerating-home-electrification-for-customers-via-span-edge-302680486.htmlSOURCE Pacific Gas and Electric Company
Original: PG&E Accelerating Home Electrification for Customers via SPAN Edge
US Market News
5月前
Oakland-Area High School Seniors Graduate from Financial Education Program Earning $7,000 PG&E College ScholarshipsFebruary 3, 2026 3:33 PM
PR Newswire (US)
Partners PG&E, PG&E Foundation, UC Berkeley Haas and The Mills Institute at Northeastern Celebrate New Graduates of Program OAKLAND, Calif., Feb. 3, 2026 /PRNewswire/ -- Twenty-five high school students will receive $7,000 scholarships when they graduate from the PG&E Community Financial Education Program on Saturday (Feb. 7) at the University of California, Berkeley. The program provides students with advanced financial education.
Pacific Gas and Electric Company (PG&E) and The PG&E Corporation Foundation (PG&E Foundation) launched the program in 2022 to help build more resilient communities by helping students create a foundation for long-term success and prosperity.PG&E and its partners, including UC Berkeley's Haas School of Business, designed the program for high school seniors from underserved communities to focus on personal finance, capital markets and wealth creation, and investments. Undergraduate students at Haas mentored the high schoolers.Participants say the skills they acquired will help guide them to future success."The PG&E program has helped shape how I approach future financial decisions. It strengthened my understanding of budgeting and taught me how to make informed, responsible choices about my finances, especially as I prepare for the costs of college and life beyond that," said Xariyah White, a student at De Anza High School in Richmond and program graduate this year."This program created an on-ramp for me to explore my passion for the business world, while envisioning myself as a UC Berkeley Haas student. As a scholar in the UC Berkeley Haas Spieker four-year program, I am grateful for the PG&E program and the infinite opportunities they create for me to receive continued mentorship and guidance," said Mariah McCoy, a former program participant. When the PG&E program began in 2022, program partners hoped it could serve as a model for future high school curriculum. In 2024, California passed legislation providing high school students have access to a personal finance course by 2027. The legislation also makes personal finance education a graduation requirement by 2031.The graduating students completed the course at UC Berkeley's Haas School of Business during Saturday classes over six months. Haas professors and financial industry professionals taught the courses. The program also reinforces academic leadership and the value of higher education.Over the past four years, 96 Oakland-area high school seniors have gone through the program. This year's class brings the total amount of student scholarships funded by the PG&E Corporation to $800,000. PG&E and the PG&E Foundation pay for the program.Partners Contributions In addition to the Haas School of Business, other program partners include Berkeley Executive Education, The Mills Institute at Northeastern University and Amenti Capital Group.The Mills Institute at Northeastern University TRIO Programs recruited student participants through programs aimed at helping underserved high school and first-generation college students.The curriculum was developed with UC Berkeley Haas Professor and Faculty Director Panos Patatoukas and Jason Miles, a venture capitalist. Miles has more than 25 years of experience in the financial services industry and founded Amenti Capital Group."Now in its fourth year, this program highlights the power of early and broad access to high-quality financial education in expanding opportunity and narrowing persistent wealth gaps. I'm proud of what this partnership has achieved and excited to continue driving positive impact for Bay Area youth," said Patatoukas."This program empowers future leaders with early, practical investing knowledge. This education expands access to capital markets by strengthening the pipeline of future founders and investors shaping the global innovative economy. I am deeply committed to catalyzing generational wealth creation alongside like-minded partners and this exceptionally talented community of students," said Miles.PG&E's Chief Customer Officer and SVP, Customer Experience, Vincent Davis will be a featured speaker at the upcoming graduation."We believe education is a powerful catalyst for increasing prosperity in California. By investing in early financial education, we're empowering young people with the confidence, skills, and resources to build brighter financial futures for themselves and our communities," said Davis.Studies have shown that complex factors across generations affect wealth disparity. One such factor is how personal savings and investment decisions contribute to wealth accumulation.One student already charting success is Otis Ward, an early graduate of the program who shared his journey in the PG&E short film "Change the System: Building Black Wealth." Ward is currently attending Stanford University.About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE: PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news About The PG&E Corporation Foundation
The PG&E Corporation Foundation is an independent 501(c)(3) nonprofit organization, separate from PG&E and sponsored by PG&E Corporation.About the Haas School of Business, University of California, Berkeley
As the second-oldest business school in the United States, UC Berkeley Haas has been questioning the status quo since its founding in 1898. Berkeley Haas offers outstanding management education to about 2,500 undergraduate and graduate students from around the world to attend one of its six degree-granting programs and join the school's network of over 46,000 alumni worldwide.About Berkeley Executive Education
UC Berkeley Executive Education serves leaders and organizations who aspire to redefine the future of business, delivering over 150 programs annually to a global audience. Its immersive learning experiences, led by renowned UC Berkeley faculty, equip global executives and their organizations with the vision and capabilities to thrive in an evolving world.About Northeastern University
Founded in 1898, Northeastern is a global research university and the recognized leader in experience-driven lifelong learning. Our world-renowned experiential approach empowers our students, faculty, alumni, and partners to create impact far beyond the confines of discipline, degree, and campus.Northeastern's comprehensive array of undergraduate and graduate programs — on-campus, online, and in hybrid formats — lead to degrees through the doctorate in nine colleges and schools. Among these, we offer more than 140 multi-discipline majors and degrees designed to prepare students for purposeful lives and careers.About Amenti Capital Group
Amenti Capital Group is an emerging merchant bank that provides independent advisory services and venture capital to early-stage technology companies in high growth ecosystems. We leverage deep industry knowledge, operational expertise, and longstanding relationships to deliver attractive returns through our end-to-end model. We serve entrepreneurs and sophisticated investors while following our core principles of innovation, integrity and inclusion.
View original content to download multimedia:https://www.prnewswire.com/news-releases/oakland-area-high-school-seniors-graduate-from-financial-education-program-earning-7-000-pge-college-scholarships-302678152.htmlSOURCE Pacific Gas and Electric Company
Original: Oakland-Area High School Seniors Graduate from Financial Education Program Earning $7,000 PG&E College Scholarships
US Market News
5月前
PG&E Powers Up for Super Bowl 60: Ensuring Safe, Reliable Energy Across the Bay AreaFebruary 2, 2026 5:42 PM
PR Newswire (US)
PG&E mobilizes crews, partners with local agencies and activates emergency centers to support Big Game festivitiesOAKLAND, Calif., Feb. 2, 2026 /PRNewswire/ -- Super Bowl LX, to be held on Sunday, Feb. 8, at Levi's Stadium in Santa Clara, will shine a global spotlight on the Bay Area. Ahead of the big game, Pacific Gas and Electric Company (PG&E) has been working behind the scenes to support the main event and dozens of related festivities, to ensure all our customers receive safe, clean, reliable energy throughout Super Bowl week.
That work began well before football fans knew that the Seattle Seahawks and the New England Patriots would compete. Since September, PG&E crews were planning to ensure that all event venues throughout the Bay Area would enjoy safe and reliable gas and electric service throughout the celebrations.This includes Levi's Stadium, where Silicon Valley Power (SVP) serves as the primary electric provider. PG&E supports SVP as a dedicated partner, including delivering transmission service to the stadium's substation.Across the rest of the Bay Area, PG&E has built a strong collaboration with local government and public safety partners, working closely together to ensure preparedness and safety for all Super Bowl-related events."This week is about more than football. It's about the communities we serve every day. PG&E is committed to helping keep the Bay Area running safely and reliably so customers, visitors and local businesses can enjoy the celebrations with confidence," said Vincent Davis, Chief Customer Officer and Senior Vice President, Customer Experience.As part of the preparations, PG&E has been working with the Super Bowl 60 Bay Area Host Committee (BAHC), the National Football League (NFL) and public safety and law enforcement agencies in San Francisco, the East Bay and the South Bay to ensure readiness for national and international visitors and local residents before, during and after the game.The pre-event checklist includes:Conducting thorough, venue-specific inspections of electric and gas facilities where high-profile events are plannedIdentifying at-risk overhead and underground transformersInspecting and updating essential operating equipmentConfirming generation needs, including temporary generation optionsChecking the inventory of materials and fleet resources to make sure everything is ready and available"This level of coordination demonstrates how all teams are coming together as one to build resilience into the system and deliver a seamless experience for our hometowns during this high-profile event," said Angie Gibson, PG&E Vice President of Emergency Preparedness & Response.To provide around-the-clock response, PG&E has activated its system-wide Emergency Operations Center and local emergency-response centers in San Francisco and San Jose to support all major Super Bowl events throughout the week and on game day. Extra crews will be on duty on Super Bowl Sunday.As part of Super Bowl week, PG&E will partner with the BAHC, the San Jose Sports Authority, the NFL and regional civic and nonprofit organizations to deliver fan experiences and community-impact events across the Bay Area. PG&E's sponsorship supports signature BAHC programming and allied events, from the Super Bowl Breakfast and Taste of NFL to volunteer activations in East Palo Alto, youth outreach and innovation summits in Oakland and San Francisco and a myriad of community celebrations and watch parties across the Bay Area. The last time the Super Bowl came to the Bay Area was 10 years ago. In Super Bowl L, when the Denver Broncos bested the Carolina Panthers 24-10. That year, PG&E was the official Clean Energy Partner of the Super Bowl 50 Host Committee powering Super Bowl City.About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news
View original content to download multimedia:https://www.prnewswire.com/news-releases/pge-powers-up-for-super-bowl-60-ensuring-safe-reliable-energy-across-the-bay-area-302676856.htmlSOURCE Pacific Gas and Electric Company
Original: PG&E Powers Up for Super Bowl 60: Ensuring Safe, Reliable Energy Across the Bay Area
US Market News
5月前
Meet the Future of Autonomous Wildfire Response: XPRIZE Wildfire Announces Finalist Teams Advancing in $11M CompetitionJanuary 29, 2026 6:00 AM
PR Newswire (US)
$750,000 Awarded Across Autonomous Teams to Advance their Drone and AI Coordination SolutionsOAKLAND, Calif., Jan. 29, 2026 /PRNewswire/ -- XPRIZE, the world's leader in designing and operating large-scale incentive competitions to solve humanity's grand challenges, in partnership with co-title sponsors Pacific Gas and Electric Company (PG&E) and the Gordon and Betty Moore Foundation, today announced the five finalist teams advancing in the Autonomous Wildfire Response Track of XPRIZE Wildfire, an $11 million global competition incentivizing the innovation of firefighting technologies. The finalists were announced today at an event hosted at PG&E's headquarters in Oakland.
The announcement comes just after the one-year anniversary of the devastating Los Angeles area wildfires, which claimed more than 30 lives, forced evacuations of over 200,000 people, displaced nearly 100,000 residents, and destroyed more than 16,000 homes and businesses, making it one of the most costly wildfires in U.S. history. With the scale, speed, and complexity of wildfires now exceeding what traditional human-driven systems can handle, there is a growing need for adoption of AI and autonomous technology in wildfire prevention.Competitors in the Autonomous Wildfire Response Track are developing fully autonomous solutions to detect and suppress a high-risk fire in 10 minutes or less over a large, environmentally complex area roughly the size of San Francisco, Oakland, and San Jose combined while avoiding decoy fires—a challenge that has never been tackled at this scale and scope before. These technologies have the potential to transform how fires are detected, managed, and fought, with a rate 4x faster than current best practices and shortening the time between detection and rapid response, minimizing negative impacts."Globally, wildfires are becoming more frequent, more intense, more unpredictable, and more destructive," said Andrea Santy, XPRIZE Wildfire Program Director. "The technologies being developed by these finalist teams offer meaningful solutions with the potential to fundamentally change how we detect, respond to, and ultimately prevent catastrophic wildfire events."In late 2025, the XPRIZE Wildfire operations team conducted in-field testing with 13 Autonomous semifinalist teams, each demonstrating the capabilities of their system. These systems integrated AI-driven detection, autonomous drone navigation, real-time sensing, and automated suppression, along with evaluations of scalability and operational readiness. The resulting finalist solutions move beyond concept, showcasing autonomous drones and AI-coordinated systems capable of mapping, assessing, and responding to wildfire threats in real time, even in harsh environments, offering a glimpse into the future of wildfire management.The finalist teams come from diverse backgrounds, ranging from defense organizations and seasoned AI experts to high school students, demonstrating that breakthroughs can emerge from anyone, anywhere.The five Autonomous finalist teams are:Anduril (USA) - Anduril's modular Lattice software platform automates the data integration and tasking of fixed Sentry autonomous sensing towers and aerial Ghost-X autonomous drones to enable real-time wildfire detection through machine learning, predictive modeling, precision location alerts, and early aerial suppression. Lattice ensures that the wildfire response platform is inherently scalable and software-defined, allowing users to easily add additional sensing and response platforms to the broader network to vastly increase the area that can be monitored.Data Blanket (USA) - Data Blanket provides a rapidly deployable autonomous drone swarm system that enables instant wildfire detection, real-time perimeter mapping, actionable intelligence for incident commanders, and targeted early-stage suppression to reduce escalation.Dryad (Germany) - Dryad's Silvanet is a large-scale, solar-powered sensor network that uses embedded AI to detect wildfires as early as the smouldering stage, triggering autonomous Silvaguard drones to confirm fire locations and deliver targeted early-stage suppression.FireSwarm Solutions (Canada) - FireSwarm Solutions in partnership with Solaris Suborbital, Trident Sensing, Exo Drone and SenseNet offers an autonomous, drone-agnostic wildfire detection and suppression platform that uses infrared sensing and swarm intelligence to localize fires in real time and coordinate ACC Innovation ultra-heavy-lift drones for precise, autonomous suppression missions.Wildfire Quest (USA) - Valley Christian High School's team, in partnership with SensoRyAI and Kaizen™ Aerospace, uses a network of AI-enabled multi-sensor detectors to precisely triangulate wildfires in their incipient stages—with or without line-of-sight— and a proprietary path-planning algorithm to autonomously guide heavy-lift suppression drones through dynamic environments for accurate detection and response.The XPRIZE Wildfire Judging Panel awarded equal portions of a $750,000 prize purse to the five finalist teams for demonstrated technical readiness across core areas: autonomous end-to-end wildfire response systems, smart detection, autonomous navigation and safety, autonomous suppression, and a scalability assessment of their system. Semifinals live trials took place in situ around the world and were captured by testing partner Alaska Center for Unmanned Aircraft Systems Integration (ACUASI) in the Geophysical Institute at the University of Alaska Fairbanks. In the summer of 2026, Autonomous finalist teams will compete in a final testing round in Alaska, where they will be tasked with demonstrating autonomous systems that can detect and fully suppress a high-risk fire in a 1,000 km² test zone within minutes while leaving decoy fires untouched.Space-Based Finalists also Advancing
In July 2025, XPRIZE and PG&E announced 10 finalists in the Space-Based Wildfire Detection & Intelligence track, representing six countries.In Track A, teams have one minute to accurately detect all fires across a landscape larger than entire states or countries, and 10 minutes to precisely characterize and report data with the least false positives to decision-makers on the ground. These teams will compete in finals in April in Australia in partnership with the New South Wales Rural Fire Service. PG&E Named Impact Phase Sponsor
To accelerate real-world adoption of these technologies, PG&E is continuing its support of XPRIZE Wildfire as the competition's Impact Phase Sponsor, committing more than $1 million in funding and in-kind support. The Impact Phase focuses on field trials, technology evaluation, and knowledge sharing to help bring winning solutions into operational use, particularly in high-risk wildfire regions."PG&E remains unwavering in our stand that catastrophic wildfires shall stop. The breakthrough technologies and innovators driving progress in XPRIZE Wildfire have the potential to transform community protection, strengthen support for first responders, and bring us together in serving our planet," said Sumeet Singh, Pacific Gas and Electric Company Chief Executive Officer and Executive Vice President, Energy Delivery. "PG&E is proud to support advancements in this critical area of technology development and looks forward to the testing and impact phase with finalists across both tracks of the XPRIZE Wildfire competition." PG&E and XPRIZE invite others to join in moving from solution to development. Sponsors and potential pilot project host partners are encouraged to reach out. "Wildfires are escalating in both frequency and intensity, and addressing this challenge requires bold, evidence-driven solutions," said Genny Biggs, program director of the Wildfire Resilience Initiative at the Gordon and Betty Moore Foundation. "The teams advancing in the XPRIZE Wildfire competition are translating research and innovation into real-world tools that can strengthen resilience for communities and ecosystems alike."At the end of the competition in Q3 2026, a winning team in each track will have the opportunity to receive $3.5 million. A $1 million bonus prize, sponsored by Lockheed Martin, may be awarded to one or more eligible teams participating in the Autonomous Wildfire Response track whose competition entries successfully demonstrate the most accurate, precise, and rapid detection.XPRIZE Wildfire is offered in partnership with Co-Title Sponsors Gordon and Betty Moore Foundation and PG&E, Presenting Sponsor Minderoo Foundation, Bonus Prize Sponsor Lockheed Martin, and Supporting Sponsors Conrad N. Hilton Foundation, Costa Navarino, American Family Insurance, Fairfax Financial, the Roddenberry Foundation, and several generous individual sponsors.For more information, please visit www.xprize.org/wildfire.About XPRIZE
XPRIZE is the recognized global leader in designing and executing large-scale competitions to solve humanity's greatest challenges. For over 30 years, our unique model has democratized crowd-sourced innovation and scientifically scalable solutions that accelerate a more equitable and abundant future. Donate, learn more, and co-architect a world of abundance with us at xprize.org.About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE: PCG), is a combined natural gas and electric utility serving more than sixteen million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com, pge.com/news and pge.com/innovation.About Gordon and Betty Moore Foundation
The Gordon and Betty Moore Foundation fosters path-breaking scientific discovery, environmental conservation, patient care improvements and preservation of the special character of the Bay Area. Visit Moore.org or follow @MooreFound.
View original content to download multimedia:https://www.prnewswire.com/news-releases/meet-the-future-of-autonomous-wildfire-response-xprize-wildfire-announces-finalist-teams-advancing-in-11m-competition-302673499.htmlSOURCE PG&E
Original: Meet the Future of Autonomous Wildfire Response: XPRIZE Wildfire Announces Finalist Teams Advancing in $11M Competition
US Market News
5月前
Lockheed Martin, PG&E Corporation, Salesforce and Wells Fargo Launch EMBERPOINT™ to Transform America's Wildfire Prevention, Detection and ResponseJanuary 26, 2026 6:00 PM
PR Newswire (US)
WASHINGTON, Jan. 26, 2026 /PRNewswire/ -- Today, Lockheed Martin (NYSE:LMT), PG&E Corporation (NYSE:PCG), Salesforce (NYSE:CRM) and Wells Fargo (NYSE:WFC) announced the launch of EMBERPOINTTMLLC, a purpose-built venture that will integrate next-generation wildfire solutions to help first responders detect, prevent and fight catastrophic wildfires. This partnership will set a new standard in wildfire safety, enabling more progress than a single company can achieve alone.
EMBERPOINTTM will use artificial intelligence, autonomous systems, and integrated command-and-control technologies to help first responders detect fires earlier, prevent their spread and enhance coordination for mitigation efforts. Agencies and utilities will gain access to proven, state-of-the-art systems without the burden of development costs, enabling communities to benefit from advanced, affordable wildfire prevention.Lockheed Martin will contribute its cutting-edge layered approach to prediction and detection, as well as military-grade autonomous response and suppression capabilities, enabling firefighters to rapidly identify and directly intervene at the earliest stages of wildfire ignition.Pacific Gas and Electric Company1, a subsidiary of PG&E Corporation, will bring deep wildfire mitigation experience, with proven layers of protection and a track record of deploying effective risk management programs across geographically-diverse communities. Contributions or information from Pacific Gas and Electric Company are subject to regulatory approval.Salesforce will contribute to the digital foundation for EMBERPOINTTM, integrating disparate data streams into a unified, real-time response engine. Leveraging the power of Agentforce and Slack, Salesforce will enable seamless cross-organization coordination to accelerate wildfire response.Wells Fargo is helping to fund the venture through a capital investment.WHY IT MATTERSThe risk of wildfires is an escalating national crisis, with wildfires devastating communities, economies, and ecosystems across America and the world. Fires are growing larger, more intense and more frequent, causing billions of dollars in damage each year and placing increasing strain on utility customers and taxpayers.As heroic firefighters put their lives on the line, further integrated technologies and data can help them respond faster and stay safer. This effort seeks to build upon the remarkable contributions of the firefighting community by equipping firefighters and emergency responders with advanced tools and coordinated solutions to more effectively combat wildfire threats.LEADERSHIP INSIGHT"It's time to change the way we think about wildfires and bring the best of American technology and know-how to this growing threat to lives and property. Devastating wildfires are on the rise and this new partnership brings four leading companies in the aerospace, electrical power, tech, and financial industries together to address this national problem," said Lockheed Martin Chairman, President and CEO Jim Taiclet. "Building on Lockheed?Martin's leading-edge capabilities in space and ground-based sensing systems, autonomous air and land drones,?and command and control systems, EMBERPOINT™ aims to combine these skills along with those of our partners to address what is a true national security mission.""This partnership underscores our commitment to ending catastrophic wildfires," said PG&E Corporation CEO, Patti Poppe. "We plan to seek regulatory approval to pair Pacific Gas and Electric Company's on-the-ground experience with our partners' advanced technology, and properly scale how we identify risk, prevent incidents, and protect the people and ecosystems we serve for the benefit of all society—while staying fully focused on providing safe and reliable energy to our customers. Today's announcement marks the next step in a broader, multi-phase effort to end catastrophic wildfires.""Agentforce and Slack are powerful tools that can be used to solve the most pressing challenges," said John Somorjai, Chief Corporate Development and Investments Officer, Salesforce. "We look forward to integrating our world-class AI capabilities with the specialized expertise of our partners to combat the escalating threat of wildfires."WHAT'S NEXTThe EMBERPOINTTM team and technologies will be built out in the coming months, targeting demonstrations in 2026. About Lockheed Martin
Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready. More information at Lockheedmartin.com.About PG&E Corporation
PG&E Corporation (NYSE: PCG) is a holding company headquartered in Oakland, California. It is the parent company of Pacific Gas and Electric Company, an energy company that serves 16 million Californians across a 70,000-square-mile service area in Northern and Central California. For more information, visit http://www.pgecorp.com.About Salesforce
Salesforce helps organizations of any size become agentic enterprises - integrating humans, agents, apps, and data on a trusted, unified platform to unlock unprecedented growth and innovation. Visit www.salesforce.com for more information. About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.1 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 33 on Fortune's 2025 rankings of America's largest corporations. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.Cautionary Statement Regarding Forward-Looking StatementsThis news release contains forward-looking statements that are not historical facts, including statements about the beliefs, expectations, estimates, future plans and strategies of PG&E Corporation or Lockheed Martin Corporation (together, the "Companies"), including regarding the solutions of EMBERPOINTTM and the effectiveness of those solutions. These statements are based on current expectations and assumptions of management of the Companies ('management"), which management believes are reasonable, and on information currently available to management, but are necessarily subject to various risks and uncertainties. In addition to the risk that these assumptions prove to be inaccurate, factors that could cause actual results to differ materially from those contemplated by the forward-looking statements include: Pacific Gas and Electric Company's receipt of regulatory approval in a satisfactory time and manner; the effectiveness of technological solutions that EMBERPOINTTM intends to use; the parties' ability to realize anticipated benefits from collaboration; risks associated with new business areas and activities, including ability of EMBERPOINTTM to execute its business plan, scale its operations, and hire skilled personnel; the risks associated with joint ventures and strategic investments, including governance, control matters, and the parties' ability to work together effectively; the ability of EMBERPOINTTM to procure financing, including from other investors; prevailing economic, market, regulatory or business conditions, or changes in such conditions, negatively affecting the parties; potential customers' interest in the services that EMBERPOINTTM intends to offer, including the risk of competition and the risks inherent to contracts with government agencies; reliance on key business partners and suppliers; the ability of EMBERPOINTTM to protect its intellectual property; changes in wildfire risk mitigation technologies; and changes in legislation or regulations. The companies undertake no obligation to publicly update or revise any forward-looking statements, whether due to new information, future events or otherwise, except to the extent required by law. Potential customers or collaborators seeking to learn more about the EMBERPOINTTM solution?
Contact: info@emberpoint.co1 EMBERPOINTTM is not the same company as Pacific Gas and Electric Company, the utility; EMBERPOINTTM is not regulated by the California Public Utilities Commission; and you do not have to buy EMBERPOINTTM's products in order to continue to receive quality regulated services from the utility.
View original content to download multimedia:https://www.prnewswire.com/news-releases/lockheed-martin-pge-corporation-salesforce-and-wells-fargo-launch-emberpoint-to-transform-americas-wildfire-prevention-detection-and-response-302670208.htmlSOURCE Lockheed Martin
Original: Lockheed Martin, PG&E Corporation, Salesforce and Wells Fargo Launch EMBERPOINT™ to Transform America's Wildfire Prevention, Detection and Response
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