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The Latest Breaking News from PGE

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

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

Tribune News Service

California is beginning to bury its power lines to prevent wildfire

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

Tribune News Service

5 Analysts Have This to Say About PG&E

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

Benzinga

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Environmental groups oppose longer life for CA nuclear plant

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

The Independent UK

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

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

The Guardian - US

Editorial: Newsom opens up to keeping nuclear power

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

Tribune News Service

PG&E's Return On Capital Employed Overview

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

Benzinga

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

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

Los Angeles Times

PG&E: Q1 Earnings Insights

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

Benzinga

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

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

Benzinga

Analyst Ratings for PG&E

Over the past 3 months, 4 analysts have published their opinion on PG&E (NYSE:PCG) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Benzinga

PG&E wildfire victim trust lobbies Newsom, California lawmakers for $1.5 billion state loan

SACRAMENTO, Calif. — The multibillion-dollar trust fund responsible for paying PG&E Corp. wildfire victims is lobbying Gov. Gavin Newsom and the Legislature for a loan.

Tribune News Service

Executives Sell Over $740M Of 4 Stocks

Although US crude oil futures traded lower on Tuesday, there were a few notable insider trades.

Benzinga

Editorial: PG&E is escaping wildfire prosecutions by paying a relative pittance. That's outrageous

PG&E faced dozens of criminal charges, including multiple felony counts, and the possibility of further legal jeopardy for starting two catastrophic wildfires, including the second-largest in California history. Instead, it was afforded an opportunity available to few other recidivist criminals accused of such serious violations of the law: paying its…

Tribune News Service

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Axios

California utility PG&E to pay $55 million over 2 massive wildfires

The deal means the nation's largest utility will avoid criminal prosecution for the blazes.

Los Angeles Times

PG&E to pay more than $55 million to avoid criminal prosecution for starting two wildfires

Pacific Gas & Electric Co. will avoid criminal charges for two wildfires started by its equipment under settlements announced Monday by district attorneys of six Northern California counties.

The Independent UK

California utility to pay $55 million for massive wildfires

Pacific Gas & Electric has agreed to pay more than $55 million to avoid criminal prosecution for two major wildfires started by its aging power lines in Northern California

The Independent UK

Storms batter aging power grid as climate disasters spread

Power outages from severe weather have doubled over the past two decades across the U.S. as a warming climate stirs more destructive storms

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The Independent UK

Storms batter aging power grid as climate disasters spread

Power outages from severe weather have roughly doubled over the past two decades across the U.S. as a warming climate stirs more destructive storms

StockNews.com

4 Energy Stocks Under $10 Wall Street Loves: Tellurian, Energy Transfer, TechnipFMC, and Crescent Point Energy

Oil prices are expected to remain above the $100 mark in the coming months amid the tight supply outlook. The rising prices over the past months have helped energy stocks, Energy Transfer (ET), Crescent Point (CPG), TechnipFMC (FTI), and Tellurian (TELL) to gain significantly. Wall Street analysts see further upside…

StockNews.com

General Motors vs. Stellantis: Which Auto Manufacturing Stock is a Better Buy?

Automakers are facing some production challenges in the near-term as they transition to EVs. General Motors (GM) and Stellantis (STLA) are considered 2 of the higher-quality companies. But which of these stocks is a better buy now? Read more to find out.

Fortune

PG&E CEO is 1st woman to go from top of one Fortune 500 company to another

Patti Poppe goes from CEO of CMS Energy to the California giant.

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