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PG&E Corp (PCG.N)

PCG.N on New York Stock Exchange

44.79USD
16 Aug 2018
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Latest Key Developments (Source: Significant Developments)

PG&E Says Taking Action To Pass Along About $450 Mln In Annual Tax Savings To Its Customers​
Friday, 30 Mar 2018 08:40pm EDT 

March 30 (Reuters) - PG&E Corp ::PG&E PROPOSES TO REDUCE EXPECTED CUSTOMER RATE INCREASES THROUGH FEDERAL TAX SAVINGS.‍FILED SEVERAL RATEMAKING REQUESTS WITH CALIFORNIA PUBLIC UTILITIES COMMISSION​.‍TAKING ACTION TO PASS ALONG APPROXIMATELY $450 MILLION IN ANNUAL TAX SAVINGS TO ITS CUSTOMERS​.‍3 SEPARATE FILINGS REQUESTING TO PASS ALONG ABOUT $325 MILLION/ YEAR IN FEDERAL TAX SAVINGS FROM FEDERAL TAX CUTS AND JOBS ACT FOR 2018, 2019​.  Full Article

PG&E Corp Says Co Obtained $250 Million Unsecured Term Loan ‍On Feb 23
Friday, 23 Feb 2018 04:23pm EST 

Feb 23 (Reuters) - Pg&E Corp ::PG&E CORP SAYS ‍ON FEB 23, 2018, CO OBTAINED $250 MILLION UNSECURED TERM LOAN - SEC FILING​.PG&E CORP - ‍TERM LOAN MATURES ON FEBRUARY 22, 2019​.  Full Article

PG&E Corp reports qtrly Earnings Per Share $0.22
Friday, 9 Feb 2018 08:55am EST 

Feb 9 (Reuters) - Pg&E Corp ::QTRLY EARNINGS PER SHARE $0.22.QTRLY NON-GAAP EARNINGS PER SHARE FROM OPERATIONS $0.63 ‍​.GAAP RESULTS INCLUDE ITEMS MANAGEMENT DOES NOT CONSIDER PART OF NORMAL, ONGOING OPERATIONS, WHICH TOTALED $243 MILLION AFTER-TAX FOR YEAR.NOT PROVIDING AT THIS TIME IIC GUIDANCE FOR 2018 GAAP EARNINGS AND NON-GAAP EARNINGS FROM OPERATIONS‍​.IIC GUIDANCE FOR 2018 EARNINGS PER SHARE, ADJUSTED EARNINGS PER SHARE FROM OPERATIONS NOT PROVIDED DUE TO UNCERTAINTY RELATED TO OCTOBER 2017 NORTHERN CALIFORNIA WILDFIRES‍​.Q4 EARNINGS PER SHARE VIEW $0.68 -- THOMSON REUTERS I/B/E/S.2018 IIC GUIDANCE OF $72 MILLION-$122 MILLION AFTER-TAX FOR KNOWN COSTS TO CLEAR PIPELINE RIGHTS-OF-WAY, AMONG OTHERS.SEES 2018 TOTAL CAPEX ‍OF $6.3 BILLION; SEES 2018 TOTAL RATEBASE OF $37 BILLION​.ON CONSOLIDATED BASIS, INCURRED ONE-TIME CHARGE OF $147 MILLION DURING QUARTER AS A RESULT OF TCJA‍​.  Full Article

PG&E Says Will Not Seek CPUC Rehearing On DCPP Joint Proposal Decision
Friday, 9 Feb 2018 08:00am EST 

Feb 9 (Reuters) - PG&E Corp ::PG&E AND JOINT PARTIES WILL NOT SEEK CPUC REHEARING ON DCPP JOINT PROPOSAL DECISION, PG&E TO WITHDRAW FEDERAL LICENSE RENEWAL APPLICATION.PACIFIC GAS AND ELECTRIC CO SAYS‍ CPUC APPROVED SEVERAL ELEMENTS OF AGREEMENT, INCLUDING APPROVAL TO CEASE PLANT OPERATIONS ONCE NRC OPERATING LICENSES EXPIRE.  Full Article

PG&E To Confer With Diablo Canyon Joint Proposal Parties On Path Forward After CPUC Decision
Thursday, 11 Jan 2018 02:32pm EST 

Jan 11 (Reuters) - PG&E ::AFTER CPUC DECISION, PG&E TO CONFER WITH DIABLO CANYON JOINT PROPOSAL PARTIES ON PATH FORWARD.SAYS ‍SINCE FULL PROPOSAL WAS NOT APPROVED, CO WILL MEET TO CONFER WITH LABOR, COMMUNITY, ENVIRONMENTAL GROUP PARTNERS IN DAYS AHEAD ABOUT DECISION​.  Full Article

PG&E Announces Suspension Of Dividend, Citing Uncertainty Related To Causes And Potential Liabilities Associated With Northern California Wildfires
Wednesday, 20 Dec 2017 05:15pm EST 

Dec 20 (Reuters) - PG&E Corp ::PG&E ANNOUNCES SUSPENSION OF DIVIDEND, CITING UNCERTAINTY RELATED TO CAUSES AND POTENTIAL LIABILITIES ASSOCIATED WITH NORTHERN CALIFORNIA WILDFIRES.PG&E - DETERMINED TO SUSPEND QTRLY DIVIDEND, BEGINNING WITH Q4, CITING UNCERTAINTY RELATED TO LIABILITIES ASSOCIATED WITH NORTHERN CALIFORNIA WILDFIRES.PG&E- BOARD OF CORP'S UTILITY UNIT, PACIFIC GAS AND ELECTRIC CO, DETERMINED TO SUSPEND DIVIDEND ON UTILITY'S PREFERRED STOCK.  Full Article

PG&E - Tony Earley To Retire from Role as Executive Chair and Member of PG&E Corp Board
Monday, 4 Dec 2017 04:15pm EST 

Dec 4 (Reuters) - PG&E Corp ::PG&E - EXECUTIVE CHAIR TONY EARLEY, JR., TO RETIRE FROM PG&E & PACIFIC GAS AND ELECTRIC CO BOARDS AND AS A PG&E CORPORATION EMPLOYEE EFFECTIVE DEC. 15.  Full Article

Pacific Gas And Electric Co - Co Commenced Private Offering Of Floating Rate Senior Notes Due 2018, Among Others ‍​
Monday, 27 Nov 2017 09:19am EST 

Nov 27 (Reuters) - Pacific Gas And Electric Co ::PACIFIC GAS AND ELECTRIC CO - CO COMMENCED PRIVATE OFFERING OF FLOATING RATE SENIOR NOTES DUE 2018, AMONG OTHERS ‍​.PACIFIC GAS AND ELECTRIC CO - ‍ALSO COMMENCED A PRIVATE OFFERING OF FIXED RATE SENIOR NOTES DUE 2027 FIXED RATE SENIOR NOTES DUE 2047 - SEC FILING​.PACIFIC GAS AND ELECTRIC-POST CONSUMMATION,CO TO USE NET PROCEEDS TO REPAY $700 MILLION OUTSTANDING PRINCIPAL AMOUNT OF ITS 5.625% SENIOR NOTES DUE NOV 30‍​.PACIFIC GAS AND ELECTRIC CO - POST CONSUMMATION, CO TO ALSO USE NET PROCEEDS TO REPAY $250 MILLION OUTSTANDING FLOATING RATE SENIOR NOTES DUE NOV 30​.PACIFIC GAS AND ELECTRIC CO- POST CONSUMMATION, CO TO ALSO USE NET PROCEEDS ‍TO REPAY $250 MILLION FLOATING RATE UNSECURED TERM LOAN MATURING FEB 22,2018​.  Full Article

PG&E Corp Q3 operating revenue $4,517 million
Thursday, 2 Nov 2017 09:13am EDT 

Nov 2 (Reuters) - PG&E Corp :Qtrly non-GAAP earnings from operations $1.12 per share‍​.Says updating 2017 guidance for projected GAAP earnings to the range of $3.36 to $3.56 per share‍​.Says reaffirming 2017 guidance for projected non-GAAP earnings in the range of $3.55 to $3.75 per share‍​.Qtrly GAAP net income was $1.07 per share.Qtrly total operating revenues $4,517 million versus $4,810‍​ million.Q3 earnings per share view $0.91, revenue view $4.82 billion -- Thomson Reuters I/B/E/S.FY2017 earnings per share view $3.67 -- Thomson Reuters I/B/E/S.  Full Article

‍PG&E nears electric restoration completion
Monday, 16 Oct 2017 08:21pm EDT 

Oct 16 (Reuters) - PG&E Corp ::‍PG&E nears electric restoration completion; gas restoration more than 60 percent complete in communities impacted by northern california wildfires​.‍Since Monday, Oct. 9, PG&E has restored power to more than 94 percent of customers that lost power during wildfires​.‍currently, there are approximately 22,000 electric customers without power in fire-impacted areas​.PG&E Corp- by late monday night, anticipates restoring service to essentially all electric customers able to receive it, once approval granted by cal fire​.  Full Article

Exclusive: California utility PG&E calls in debt restructuring lawyers - sources

PG&E Corp has hired law firm Weil, Gotshal & Manges LLP to explore debt restructuring options, people familiar with the matter said on Tuesday, as California's biggest utility grapples with liabilities stemming from last year's wildfires in the state that analysts estimate could exceed $8 billion.