PCG - PG&E Corporation

NYSE - NYSE Delayed price. Currency in USD
9.45
+0.42 (+4.65%)
At close: 4:00PM EDT
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Previous close9.03
Open9.21
Bid9.51 x 1200
Ask9.53 x 1100
Day's range9.05 - 9.65
52-week range3.55 - 23.09
Volume67,873,531
Avg. volume16,764,962
Market cap5.006B
Beta (5Y monthly)1.13
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend date28 Sep 2017
1y target estN/A
All
News
Press releases
  • Business Wire

    Series of PG&E Webinars Keeps Customers and Communities Informed About Ongoing Safety Work to Prevent and Mitigate the Risk of Catastrophic Wildfires

    As Pacific Gas and Electric Company (PG&E) crews and contractors perform essential work to maintain gas and electric service, improve the safety of the system, further mitigate wildfire risks, and reduce Public Safety Power Shutoff (PSPS) impacts, the company also is taking steps to keep communities informed about this vital work.

  • Business Wire

    PG&E Reminds Our Customers to Have a Safe Fourth of July Holiday

    America celebrates its birthday on Saturday, July 4th. This Independence Day will be unlike any in the previous 244 years with the COVID-19 pandemic changing how we live, what we do, where we go and how we celebrate in the United States.

  • Business Wire

    PG&E and California Fire Foundation Renew Partnership to Tackle Wildfire Risk

    Pacific Gas and Electric Company (PG&E) has renewed its partnership with the California Fire Foundation (CFF) by providing $1.2 million for a Wildfire Safety and Preparedness grant.

  • Business Wire

    PG&E Emerges from Chapter 11

    PG&E Corporation (the "Corporation") and Pacific Gas and Electric Company (the "Utility," together "PG&E") announced today that PG&E has emerged from Chapter 11, successfully completing its restructuring process and implementing PG&E’s Plan of Reorganization ("Plan") that was confirmed by the United States Bankruptcy Court on June 20, 2020.

  • Business Wire

    PG&E Corporation Prices Offerings of its Common Stock and Equity Units

    PG&E Corporation today announced that it has priced its previously announced underwritten public offering of 423,372,629 shares of its common stock at a price per share to the public of $9.50 and its previously announced concurrent underwritten public offering of 14,545,455 of its equity units at a price of $100 per unit, for total net proceeds to the Corporation, before estimated offering expenses, of approximately $3.968 billion and approximately $1.186 billion, respectively. The offerings are part of PG&E’s plan to fund its emergence from Chapter 11, subject to market conditions. PG&E has granted the underwriters in each offering, on the same terms as each offering, a 30-day option to purchase up to an additional 42,337,263 shares of common stock and 1,454,545 prepaid stock contracts to create up to 1,454,545 equity units, respectively. The offerings are currently expected to close on July 1, 2020, subject to the satisfaction of customary closing conditions. The completion of each offering is conditioned upon emergence from the Chapter 11 Cases on the effective date of the Plan of Reorganization, which in turn is conditioned upon PG&E having obtained funding for the Plan of Reorganization. If the offerings are successfully consummated, following the application of proceeds thereof, PG&E Corporation currently anticipates emerging from Chapter 11 on July 1, 2020.

  • Business Wire

    As Summer Begins, PG&E Highlights Ways for Customers to Save Energy and Money

    Although it’s the first week of summer, hotter temperatures arrived in California weeks ago. Pacific Gas and Electric Company (PG&E) encourages customers to follow simple steps and utilize free tools and programs to minimize the impact of summer heat on energy bills.

  • Business Wire

    PG&E Corporation Launches Offerings of its Common Stock and Equity Units

    PG&E Corporation today announced that it has launched concurrent underwritten public offerings of its common stock and its equity units, seeking $4 billion and approximately $1.23 billion of gross proceeds1, respectively, as part of its plan to fund its emergence from Chapter 11. PG&E intends to grant the underwriters in each offering a 30-day option to purchase additional shares of common stock and equity units representing up to $400 million and approximately $123 million of gross proceeds, respectively. The offerings are currently expected to price during the week commencing June 22, 2020 and are expected to close on or about July 1, 2020, subject to market conditions and the satisfaction of customary closing conditions. If the offerings are successfully consummated, following the application of proceeds thereof, PG&E Corporation currently anticipates emerging from Chapter 11 on or about July 1, 2020.

  • Business Wire

    PG&E Completes Initial Stage of Bankruptcy Exit Financing

    Following the formal confirmation of the company’s Plan of Reorganization ("Plan of Reorganization") by the United States Bankruptcy Court yesterday, PG&E Corporation (the "Corporation") and Pacific Gas and Electric Company (the "Utility," together "PG&E") announced today that PG&E has completed the initial stage of its bankruptcy exit financing contemplated in its Plan of Reorganization. As a result of its Chapter 11 proceedings, PG&E has been able to retire expensive high-coupon debt and replace it with lower cost debt, yielding significant annual savings for customers. These savings are estimated to be approximately $250 million annually. PG&E will reflect these savings in future customer bills later this year.

  • Business Wire

    PG&E Achieves Bankruptcy Court Confirmation of its Plan of Reorganization

    PG&E Corporation and Pacific Gas and Electric Company (together "PG&E") announced today that the United States Bankruptcy Court for the Northern District of California has confirmed the company’s Chapter 11 Plan of Reorganization (the Plan). This follows the California Public Utilities Commission’s approval of the Plan on May 28, 2020.

  • Business Wire

    PG&E Corporation Announces Procedures to Participate in Previously Announced Reserved Allocation for its Underwritten Public Offering of Common Stock

    As previously announced, PG&E Corporation currently expects to pursue underwritten public offerings of common stock and equity units as part of its plan to fund its emergence from Chapter 11, subject to market conditions. The expected $5.75 billion of gross proceeds1 of the offerings of common stock and equity units are expected to be used to partially fund distributions under the company’s plan of reorganization. Also as previously announced, pursuant to a reserved allocation program (the "Reserved Allocation"), $1.25 billion of the common stock offering will be reserved for investors who are beneficial owners of at least 1,000,000 shares of PG&E common stock as of 5:00 p.m. ET on June 19, 2020 (such date and time, the "Eligibility Date"). PG&E also currently expects that up to 25% of the common stock offering will be allocated to individual investors (also known as "retail" investors) through brokerage firms.

  • Business Wire

    PG&E Statement on Company’s Sentencing Related to 2018 Camp Fire

    PG&E today accepted its sentence in Butte County Superior Court related to the company’s role in the 2018 Camp Fire. In accordance with the plea agreement PG&E reached in March 2020 with the Butte County District Attorney, the company pleaded guilty to 84 counts of involuntary manslaughter and one count of unlawfully starting a fire.

  • Business Wire

    PG&E Statement on Company’s Guilty Plea Related to 2018 Camp Fire

    PG&E today entered its plea in Butte County Superior Court related to its role in the 2018 Camp Fire. In accordance with the agreement PG&E reached in March 2020 with the Butte County District Attorney, the company pleaded guilty to 84 counts of involuntary manslaughter and one count of unlawfully starting a fire.

  • Business Wire

    PG&E Providing Grants to Fund the Operation of Cooling Centers

    Pacific Gas and Electric Company (PG&E) continues to provide financial grants to fund the operation of existing county- or city-run cooling centers. The centers provide a safe, comfortable location with air conditioning for those who need it. Many organizations are updating and modifying their approach to cooling centers this year to take into account the impacts of COVID-19 and the need to physically distance and/or wear masks or personal protective equipment (PPE).

  • Business Wire

    Humboldt Bay Generating Station Ready to Serve as a Direct Local Power Source During Emergencies, Reducing Impact of PSPS Events

    Pacific Gas and Electric Company (PG&E) today announced the Humboldt Bay Generating Station (HBGS) can now provide power directly to customers, if needed, during emergencies, including Public Safety Power Shutoff (PSPS) events and other events outside Humboldt County that are impacting the county. This is part of the company’s continuing effort to reduce impacts on its customers during a PSPS event and other wide-spread power outages.

  • Business Wire

    PG&E Strengthening Community Resilience with Comprehensive Microgrid Solutions

    Today, the California Public Utilities Commission approved Pacific Gas and Electric Company’s (PG&E’s) comprehensive and cost-effective microgrid proposals, which are designed to reduce the number of customers affected by Public Safety Power Shutoff (PSPS) events and mitigate the impacts to those who remain affected. A PSPS may be used when severe weather threatens a portion of the electric system and PG&E determines it’s necessary to turn off electricity to reduce the risk of catastrophic wildfire.

  • Business Wire

    PG&E Announces Selection of New Board Upon Bankruptcy Emergence as Part of Reimagining Company for the Future

    In connection with its expected emergence from Chapter 11, PG&E Corporation ("PG&E") today announced the selection of a new Board of Directors upon emergence to help guide the company post-bankruptcy. The new Board will consist of 14 members, 11 of whom are new and will be officially appointed to join the Board at or prior to emergence from bankruptcy and following required bankruptcy court submissions. It is expected that the Board of Directors of utility subsidiary Pacific Gas and Electric Company will largely be the same as PG&E.

  • Business Wire

    As Part of Commitment to Reimagining PG&E for the Future, Company Plans to Relocate Headquarters to Oakland and Will Seek to Sell San Francisco Headquarters Complex

    PG&E Corporation and Pacific Gas and Electric Company (together, "PG&E" or the "company") today announced the company’s plans to relocate its headquarters from San Francisco to Oakland beginning in 2022. The move is part of PG&E’s broader commitment to implement changes for the long-term benefit of its customers and communities.

  • Business Wire

    PG&E Corporation Provides Update on Exit Financing

    PG&E Corporation today announced that it currently expects to pursue underwritten public offerings of common stock and equity units as part of its plan to fund its emergence from Chapter 11, subject to market conditions. The expected $5.75 billion of gross proceeds1 of the offerings of common stock and equity units are expected to be used, together with approximately $3.25 billion of proceeds from private sales of common stock, to fund distributions under the company’s plan of reorganization.

  • Business Wire

    PG&E Corporation Announces $3.25 Billion Common Stock Investment from Multiple Investors

    PG&E Corporation today announced that it has entered into a definitive agreement (the "Investment Agreement") with a select number of investors, including affiliates of Appaloosa, Third Point LLC, Zimmer Partners and Fidelity Management & Research Company, LLC, that have agreed to purchase an aggregate of $3.25 billion in common stock of PG&E, expected to be issued in a private placement upon PG&E’s emergence from Chapter 11.

  • Business Wire

    PG&E Reminds Customers: Keep Balloons Secure During Shelter-at-Home Birthday and Graduation Celebrations

    With the advent of shelter-at-home celebrations, Pacific Gas and Electric Company (PG&E) reminds its customers to celebrate responsibly if their birthday drive-bys or social-distancing graduation ceremonies include metallic balloons. Metallic balloons have a silvery coating, which conducts electricity. If the balloons make contact with power lines, they can short transformers, melt electric wires and cause power outages, all of which pose public safety risks.

  • Business Wire

    CPUC Approves PG&E’s Chapter 11 Plan of Reorganization

    Today, the California Public Utilities Commission (CPUC) approved the Chapter 11 Plan of Reorganization (the Plan) of PG&E Corporation and Pacific Gas and Electric Company (together, PG&E). The CPUC approval in its Plan of Reorganization Order Instituting Investigation proceeding completes another major milestone needed for PG&E to be eligible to participate in the State’s Wildfire Fund, and keeps the company on track for Bankruptcy Court confirmation of the Plan prior to June 30, 2020.

  • Business Wire

    PG&E Corporation Announces Final Voting Results on Plan of Reorganization

    PG&E Corporation announced today the final voting results on PG&E Corporation and Pacific Gas and Electric Company’s joint Chapter 11 Plan of Reorganization (the "Plan") as certified by Prime Clerk, PG&E’s court-authorized solicitation and balloting agent. The Plan received overwhelming support from all but one of the classes of impaired creditors and interest holders entitled to vote, including fire claimants, insurance subrogation claimants, public entity fire claimants, certain holders of prepetition funded debt and other creditors, and shareholders.

  • Business Wire

    PG&E’s CARE Program Helping Customers Who Have Been Financially Impacted by COVID-19

    Tens of thousands of income-eligible customers have applied to save 20 percent on their monthly energy bill by enrolling in Pacific Gas and Electric Company’s (PG&E) California Alternate Rates for Energy (CARE) Program since the start of the COVID-19 pandemic in March. The CARE program provides income-qualified households with discounts on their energy bills.

  • Business Wire

    PG&E Poised to Expand Battery Energy Storage Capacity by More Than 420 Megawatts

    Pacific Gas and Electric Company (PG&E) has requested approval of five energy storage projects totaling 423 megawatts (MW), in a filing with the California Public Utilities Commission (CPUC).

  • PG&E Sponsors 211 Service to Support Communities During COVID-19 and Other Disasters
    Business Wire

    PG&E Sponsors 211 Service to Support Communities During COVID-19 and Other Disasters

    Pacific Gas and Electric Company (PG&E) announced today that it is continuing its sponsorship of the Interface Children & Family Services 211 program (211) to help support communities in times of disaster. This sponsorship will help extend 211 coverage to all 58 California counties, 18 of which were previously unserved by 211, connecting more Californians to health information, social services and referrals through a comprehensive resource database via call specialists and texting. Today’s enhanced commitment brings the total sponsorship to $550,000 over the two-year period from 2019 through 2020.