PG&E Corp (PCG.N) Key Developments | Reuters.com
Edition:
United States

PG&E Corp (PCG.N)

PCG.N on New York Stock Exchange

62.21USD
11:11am EDT
Change (% chg)

$-0.47 (-0.75%)
Prev Close
$63.17
Open
$62.72
Day's High
$62.72
Day's Low
$62.03
Volume
214,793
Avg. Vol
868,662
52-wk High
$63.40
52-wk Low
$47.33

Latest Key Developments (Source: Significant Developments)

PG&E names David Thomason as Vice President, Controller
Tuesday, 24 May 2016 09:03am EDT 

PG&E Corp : Thomason was also appointed vice president, chief financial officer and controller of corporation's unit pacific gas and electric company .Pg&E Corporation names David Thomason as vice president and controller.  Full Article

PG&E raises qtrly common stock dividend to 49 cents per share
Monday, 23 May 2016 08:06pm EDT 

Pg&E Corp : Raising its quarterly common stock dividend to 49 cents per share, an increase of 3.5 cents per share . Targeting a payout ratio of 55 percent to 65 percent, with intent of reaching approximately 60 percent by 2019 . For 2016, PG&E Corporation has forecasted total capital investments of about $5.6 billion .PG&E Corporation raises common stock dividend, highlights progress at annual shareholder meeting.  Full Article

PG&E raises qtrly common stock dividend to 49 cents per share
Monday, 23 May 2016 03:46pm EDT 

Pg&E Corp : Raising its quarterly common stock dividend to 49 cents per share, an increase of 3.5 cents per share . Targeting a payout ratio of 55 percent to 65 percent, with intent of reaching approximately 60 percent by 2019 . For 2016, PG&E Corporation has forecasted total capital investments of about $5.6 billion .PG&E Corporation raises common stock dividend, highlights progress at annual shareholder meeting.  Full Article

PG&E says board adopts new annual common stock cash dividend of $1.96/shr
Monday, 23 May 2016 07:01am EDT 

Pacific Gas And Electric Co : Board of directors of PG&E Corporation adopted a new annual common stock cash dividend of $1.96 per share . Board adopted new target dividend payout ratio range of 55 to 65 percent, with target to reach payout ratio of about 60 percent by 2019 . For 2016, pg&e corporation has forecasted total capital investments of about $5.6 billion . New annual common stock cash dividend of $1.96 per share an increase from current annual cash dividend of $1.82 per share .Board of unit adopted new annual common stock cash dividend of $976 million an increase from current annual cash dividend of $716 million.  Full Article

Pacific Gas And Electric testing safety drones to inspect electric and gas infrastructure
Wednesday, 18 May 2016 12:00pm EDT 

Pacific Gas And Electric Co : Pacific gas and electric co says testing unmanned aircraft systems to enhance safety and reliability of its electric and gas service .Federal aviation administration has authorized co to use drones to assist with inspections of electric,gas infrastructure.  Full Article

PG&E Corporation - California lieutenant governor orders environmental review of nuclear plant - Reuters
Friday, 18 Dec 2015 08:41pm EST 

PG&E Corporation:California's lieutenant governor on Friday directed the State Lands Commission to draw up a plan for a thorough environmental review of PG&E's PCG.N Diablo Canyon power plant, the state's last operational nuclear power plant - RTRS.PG&E's leases with the state for two structures associated with the 2,240-MW power plant, which is located on the coastline in San Luis Obispo County, are set to expire in 2018 and 2019, respectively. PG&E is looking to extend those leases through 2025 - RTRS.The lieutenant governor, Gavin Newsom, said the plant should have to pass a broad California Environmental Quality Act (CEQA) review, which it was not subject to prior to opening in 1985 - RTRS.PG&E this year submitted to federal nuclear regulators an updated assessment of earthquake potential on Diablo Canyon, which found its design can withstand potential earthquakes in the region. The report is currently under review. - RTRS.Newsom asked the California Lands Commission to come back with the environmental review plan in February. - RTRS.  Full Article

PG&E Corp - One dead, 3 injured in natural gas pipeline fire in California - Reuters
Saturday, 14 Nov 2015 01:38am EST 

PG&E Corp:One person was killed and three others were injured on Friday when a natural gas line in California was ruptured by farming equipment, triggering a massive blaze, fire officials said - RTRS.The Pacific Gas & Electric Corp line was buried deep underground when it was sliced, and the ensuing gas leak ignited a 200-foot fireball near the city of Bakersfield, the Kern County Fire Department said - RTRS.The operator of the farming equipment was killed and three other people were hospitalized, fire officials said - RTRS.Homes and businesses near the fire were evacuated while crews gained control of the blaze - RTRS.Pacific Gas and Electric said the gas line was quickly shut down, KBAK-TV reported. The California Public Utilities Commission said an investigator was dispatched to the site - RTRS.  Full Article

PG&E Corporation appoints Jason P. Wells SVP & Chief Financial Officer
Friday, 6 Nov 2015 01:00pm EST 

PG&E Corporation:Says appointment of Jason P. Wells as Senior Vice President and Chief Financial Officer, effective January 1, 2016.Jason P. Wells will succeed Kent Harvey.  Full Article

PG&E Corporation CFO Kent Harvey Announces Retirement Planned for 2016
Wednesday, 21 Oct 2015 01:00pm EDT 

PG&E Corporation:Says CFO Kent Harvey announces retirement planned for 2016.Says Harvey's retirement is expected to be effective during the first half of 2016 to allow for an effective transition period.Says "company has a strong succession planning process in place and would be discussing the issue of succession with the board of directors".  Full Article

PG&E Corp sets dates for quarterly stock dividends
Wednesday, 16 Sep 2015 12:30pm EDT 

PG&E Corp:Says declared its third-quarter 2015 regular cash dividend of 45.5 cents per share on the Corporation's common stock.Dividend is payable on Oct. 15 to shareholders of record on Sept. 30.  Full Article

California's last operating nuclear power plant to close by 2025

June 21 California's only functioning nuclear power plant will close by 2025 and be replaced by renewables, energy efficiency and storage under an agreement announced on Tuesday by its owner, PG&E Corp, labor unions and environmental groups.