PG&E Corporation (PCG) News

Possible more homes will be lost, meaning less customers to produce electricity for. Just my thoughts and opinion.

Hard to profit when there are fires and homes are also burning. When homes burn, that means less profit. And then you look at the landslides happening. It's very unfortunate.

find anything interesting?

Dont forget to tune into the shareholders broadcast from the PR the other day. I think it is June 12th in the evening.

This project will save money in the long term. It definitely is ambitious.

Time to scrutinize all financial reports. I know I will.

With businesses shutting down, this will have an affect on PCG, as there won't be as much electricity usage by these closed down businesses. Profits are going to fall. Just my analysis.

What does this have to do with anything. People can see for themselves highs and lows. Means nothing. What matters more is what company is doing.

New 52 week high blew by $17.68 to reach $18.05!

New 52 week high @ $17.01

I believe you were correct. Just closed at 52 week high of 16.75 plus up to 16.76 after hours.

May finally be time to get in!

https://finance.yahoo.com/m/cc977edb-183d-3096-b7fb-da6802fe6a39/pg%26e-could-be-a-‘big.html?siteid=yhoof2&yptr=yahoo

Almost 6 million purchase just went through. Thats interesting.

Aug-05-21
PG&Es corporate bonds take a lashing as Dixie Fire rages

Wildfire Linked to PG&E Ravages California Gold-Rush Town
Bloomberg

We lost Greenville: Wildfire devastates historic California town

Aug-03-21
PG&E says its equipment have have sparked blaze that merged with bigger wildfire
______________________________________________________________________

...No causes have yet been identified for any of the unprecedented wildfires, which continue to be the subject of ongoing investigations.

However, California is one of the only states in the country in which courts have applied inverse condemnation to events caused by utility equipment. This means that if a utility’s equipment is found to have been a substantial cause of the damage in an event such as a wildfire – even if the utility has followed established inspection and safety rules – the utility may still be liable for property damages and attorneys’ fees associated with that event.

“After extensive consideration and in light of the uncertainty associated with the causes and potential liabilities associated with these wildfires as well as state policy uncertainties, the PG&E boards determined that suspending the common and preferred stock dividends is prudent with respect to cash conservation and is in the best long-term interests of the companies, our customers and our shareholders,” said PG&E Corporation Chair of the Board Richard C. Kelly.

https://investor.pgecorp.com/shareholders/dividend-information/default.aspx

New CEO from Chicago= Obama=Biden= infrastructure bill. I just wonder that is what she meant. When she said they had been working on it for a few months. Is it possible she already has the money/grantees from the Gov. I wonder. Guess we will have to wait for more news announcements

Heading for BK!

https://www.kcra.com/article/pgande-to-start-burying-10k-miles-of-lines-in-fire-prone-areas-ceo-says/37093946

Gets crushed!
https://www.kcra.com/article/pgande-equipment-dixie-fire/37066501

https://finance.yahoo.com/news/pg-e-corporation-schedules-second-220000593.html

Interesting article on PCG:

https://www.reuters.com/article/us-pg-e-us-natgas-california-storage/pge-reclassifies-51-bcf-of-working-natgas-in-california-storage-idUSKCN2DQ21L

PCG just admitted that 70% of their Natural Gas Storage is not even useable... That's only 50 BILLION Cubic Feet... I'm glad I don't live in California - because electrical blackouts are soon to come...

Normally, they cover up their lack of Natural Gas to convert into electricity via wildfires... Looks like they are going to try a new approach this year, haha...

What is happening to this stock. It should be at $20 by now. Damn!!!!

$pcg $12.07 ^ 0.18 (1.51%)
Volume: 14,322,232 @03/26/21 7:53:40 PM EDT

PCG chart is gonna collapse into the close I believe

PG&E Continues to Bolster Senior Leadership Team, Appoints Marlene Santos as Executive Vice President and Chief Customer Offi...
February 23 2021 - 09:12AM
Business Wire
Ms. Santos Brings Almost Four Decades of Experience and Industry-Recognized Performance in Customer Service, Operations and Integration

Pacific Gas and Electric Company (PG&E) today announced the appointment of Marlene Santos as Executive Vice President and Chief Customer Officer effective March 15, 2021. Ms. Santos will be responsible for a broad range of services and teams that support the more than 16 million people that PG&E serves in Northern and Central California. This includes PG&E’s customer contact centers; programs supporting energy efficiency, electric vehicles, rooftop solar, demand response and low-income customers; billing, metering and account services; marketing and communications; and Regional Leadership Teams that PG&E will form as part of its regionalization efforts. She will report to Patti Poppe, PG&E Corporation’s Chief Executive Officer.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210223005740/en/

“I truly believe that every decision we make at PG&E must begin with our customers at the forefront. I am excited to have Marlene join our team and bring her deep experience in delivering outstanding, industry-recognized customer service that is known for its innovation and customer centricity. She brings both her keen skillset and her caring heart to our work. I know our entire team will look forward to working with Marlene as we strive to deliver better experiences and outcomes for the customers we are privileged to serve,” said Ms. Poppe.

For the past two years, Ms. Santos served as President of Gulf Power Company, a subsidiary of NextEra Energy, Inc. (NextEra). Prior to that, she served as NextEra’s Chief Integration Officer for the company’s acquisition of Gulf Power and two other acquisitions. During her nearly 40-year career with NextEra, she served in several other senior operational and leadership roles including Vice President, Customer Service for Florida Power & Light Company (FPL). Ms. Santos brings a wide breadth of experience including delivering best-in-class customer service, safety improvements, digital transformation, smart grid enablement, data analytics and artificial intelligence deployment, cultural transformation, and emergency response to natural disasters.

“I am honored to join Patti and the PG&E team. California and its customers are on the cutting edge of innovation and clean energy, and PG&E’s customer service approach must reflect those guiding principles. I know our 25,000 coworkers are engaged and working hard every day to deliver safe, reliable, affordable and clean energy to the homes and businesses of Northern and Central California. I look forward to listening to and understanding our customers’ needs so that we can continuously improve our customers’ experience in the years ahead,” said Ms. Santos.

In her two years as President of Gulf Power Company, Ms. Santos led the work that has improved safety by over 90%, reduced operating costs by almost 30%, reduced carbon dioxide emissions by nearly 20%, and improved reliability by 50%.

Ms. Santos joined FPL in 1981 and served in positions of increasing responsibility in the areas of finance, marketing and customer service. Under her leadership, FPL was consistently recognized for providing outstanding customer service, including the J.D. Power Award for ranking highest in residential customer satisfaction among large utilities in the South. FPL also was named a “Utility Customer Champion” for outstanding performance among the nation’s leading utilities by Market Strategies International in both 2016 and 2015; and received the prestigious ServiceOne Award for excellent customer service among utilities in the United States and Canada for an unprecedented 10 consecutive years.

Ms. Santos graduated summa cum laude from the University of Miami with both a bachelor’s degree in finance and a master’s degree in business administration. Her committee service has included the Edison Electric Institute (EEI) and the Women in Energy Forum.

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 www.pge.com and www.pge.com/news.



View source version on businesswire.com: https://www.businesswire.com/news/home/20210223005740/en/

Media Relations
415.973.5930

$pcg $11.285 v -0.125 (-1.10%)
Volume: 3,862,153 @02/23/21 12:09:17 PM EST

$pcg $11.9 ^ 0.17 (1.45%)
Volume: 9,845,063 @02/03/21 5:40:06 PM EST

$pcg $12.3 ^ 0.47 (3.97%)
Volume: 19,752,501 @01/15/21 7:55:29 PM EST

$pcg $12.3301 ^ 0.0701 (0.57%)
Volume: 19,205,980 @12/22/20 6:30:16 PM EST

$pcg $12.25 ^ 0.01 (0.08%)
Volume: 32,937,528 @12/18/20 7:58:44 PM EST

$pcg $12.1801 ^ 0.1201 (1.00%)
Volume: 18,395,075 @12/17/20 6:30:00 PM EST

$pcg $11.85 v -0.09 (-0.75%)
Volume: 10,367,777 @12/14/20 7:31:43 PM EST

What’s the outlook here? Lawsuit was expected, think it will affect the long term price?

In less than 3 months from now, pcg will be trading in $13 or more, gses will be trading higher than $60.
If there's settlement including damages, ....super nova.

Gses warrants
Vs
Stimulus Package

If we can compare between warrants to stimulus Package (first, second) in dollar value, which one is larger.

Why would government spent trillions and trillions on first and second stimulus Package while on the other hand , government want to grab warrants?

Pcg = paid dividend b4 bk
Six
Aep
Sre
__________
They are in the same industries, yet they each pay dividend to common shares.

I am here for a long ride. I expect dividend for common shares to be reinstated maybe in 1 year from now.

QUOTE "The California State Teachers’ Retirement System more than doubled its investment in PG&E (ticker: PCG) stock in the third quarter"

On this QUOTE, it missed the word BET or INVEST

EXAMPLE
The California State Teachers’ Retirement System bet more than doubled its investment in PG&E (ticker: PCG) stock in the third quarter

https://www.barrons.com/articles/pension-bought-pge-stock-slack-d-r-horton-ebay-51606853376?siteid=yhoof2&yptr=yahoo

They think like me.

Fifth circuit court and EN BANC COURT are second lower from supreme court. Shareholders had already won partial but shareholders want more ,100%.

Fnma and fmcc are called twins for short name.
Dec. 9 2020 , supreme court is expected to ruling against government.
Between pcg and fnma, pcg takes along time further to progress. While fnma takes days to progress. Make your own dd

Thanks, Tutt.

I've been watching PCG for the past few months, Actually, I bought some shares in the high 8's and mid-9's. Trying to decide whether or not to add more. I certainly believe there's a lot better chance of PCG going to 25+ than down to 5. It got itself out of huge jam and the future seems a lot brighter now.

Gse's stand for government sponsored enterprises .
Fnma and fmcc are the gses. These two twins are expected to release back nyse soon due to government are losing battle in supreme courts.
Go to fnma and observe all the conversations between posters and you will get more info

Can you please elaborate? And, what is "gses"?

Once and if gses are exited from conservatorship then I will buy much more.

Here is the reason why pcg didn't plummet to $0 or get cancel.
https://m.benzinga.com/article/13606408?utm_referrer=https%3A%2F%2Fr.search.yahoo.com%2F_ylt%3DAwr9ImIaDMxfHfwAOSFx.9w4%3B_ylu%3DY29sbwNncTEEcG9zAzEEdnRpZAMEc2VjA3Ny%2FRV%3D2%2FRE%3D1607236763%2FRO%3D10%2FRU%3Dhttps%253a%252f%252fwww.benzinga.com%252fanalyst-ratings%252fanalyst-color%252f19%252f04%252f13606408%252fwhy-bankrupt-pg-e-isnt-trading-at-0%2FRK%3D2%2FRS%3D7zPVc1KQqAUs2r37eslvT2AYaas-&utm_source=https%3A%2F%2Fr.search.yahoo.com%2F_ylt%3DAwr9ImIaDMxfHfwAOSFx.9w4%3B_ylu%3DY29sbwNncTEEcG9zAzEEdnRpZAMEc2VjA3Ny%2FRV%3D2%2FRE%3D1607236763%2FRO%3D10%2FRU%3Dhttps%253a%252f%252fwww.benzinga.com%252fanalyst-ratings%252fanalyst-color%252f19%252f04%252f13606408%252fwhy-bankrupt-pg-e-isnt-trading-at-0%2FRK%3D2%2FRS%3D7zPVc1KQqAUs2r37eslvT2AYaas-

https://www.streetinsider.com/dividend_history.php?q=pcg

I should have bought at around $9.00
But I need to witness to see the progress on earning report.

I watched months after months.
Pcg was above $70 before bk.

I had been watching for the activities during bk.
Now it's a good time to position for long ride.
Dividend of $0.53 had been suspended due to bk ,etc.
In future, once dividend is reinstated, pps could be in above $30 right away.

$pcge $12.74 ^ 0.08 (0.63%)
Volume: 15,188,303 @11/23/20 4:28:56 PM EST

BREAKING NEWS: $PCG PG&E Corporation Appoints Patricia K. Poppe as Chief Executive Officer, Effective January 4, 2021

Ms. Poppe Brings Deep Industry Knowledge; Decades of Operational, Safety and Leadership Experience; and a Demonstrated Commitment to Clean Energy PG&E Corporation (NYSE: PCG) today announced the appointment of Patricia K. “Patti” Poppe as Chief Executive Of...

Read the whole news PCG - PG&E Corporation Appoints Patricia K. Poppe as Chief Executive Officer, Effective January 4, 2021