Does anyone know when PG&E does & doesnt do block
That seems to be the only time the stock goes
The dividend didnt even cause the
stock to go up very much.
I heard PG&E's stock
is suppose to go down to 29 over the next 2-3
PG&E does plan on fighting this battle to the
bitter end. Re-org is definate. Company/IBEW ratifying
new contract/overnight agreement. Change in retirment
restrictions, many people can leave in nice shape on Jan 1,
2000. With a little incentive they will. Company does
have a chunk of change from all power plants that have
been sold this year-about 3.5 billion. 3 billion now
-less 500M from stock buy-back
if this baby gets any lower you will be arrested
for stealing when you buy,even with all those fat
asses out in california on the doll this baby is a
bargain[ imagine if they review staffing levels at those
plants..whoa look out
SAN FRANCISCO, Oct 20, 1999 (BUSINESS WIRE) --
The Board of Directors of PG&E Corporation (NYSE:
PCG) today declared a fourth quarter 1999 regular
dividend of 30 cents per share on the Corporation's common
stock. The dividend is payable on January 15, 2000, to
shareholders of record on December 15, 1999.
In the past, it was not at all unusual for the
appointed commissioners to over-rule or seriously rewrite
ALJ decisions. However, in this case, simultaneous to
release of the draft order was an alternate version from
the President of the CPUC Richard Bilas, who upped
the electric figure slightly to $265 million. That's
about as much upside as you can expect.
PG&E is turned down on appeal, expect this one to go
PS, PG&E is willing to buy back as
much as $500 million in outstanding stock to prevent
the floor from slipping out beneath the price.
As for unregulated subsidiaries...losses on the
retail services side were expected for five years and
are in fact decreasing according to plan. PG&E Energy
Services says it is slated for profitability in 2000, if
you can wait that long. Wholesale trading results
cannot be predicted.
Who do you think the regulators work for?
Sorry dude, you're as confused as the beeguy.
Regulators are there to look out for the interests of the
people who pay the bills.
For months, public
analysts, such as Merrill Lynch have projected this
outcome...not because they called the ALJ, but because they
read the filings and could see that PG&E did not
justify its requests. and was trying to move old costs of
generation into its distribution budget. As for statements
that leftists are not giving the company the money to
do the job...well, PG&E got hundreds of millions of
dollars built into AB 1890 to upgrade maintenance (net
$240 milllion in 1997-98) BUILT INTO
In prior years, the utility took such funds and
instead of doing tree-trimming and other work, moved it
into management bonus accounts.
Does any one has a history of PUC final decision
going with or against the judge proposal ? is the 250M
pretty much cast in stone or can its number be changed ?
any history of correlation between authorized amount
and RoR ? look like the company is in for an uphill
I agree that there was a leak someplace! The
stock took a nosedive BEFORE the judges decision
yesterday. I feel there should be an investigation. However
. . this decision isn't that surprising - did
people think that PGE was going to get everything they
This one caught me flat footed. Now that the bad
news is out MS comes out with downgrade. They are
behind the game as usual. What is your long term (2-5
yr) outlook for the company? The management looks
weak. Are they at risk of a takeover?
Please refer to my other messages #316/330/346
... this was coming for a number of
This is now a value stock in this range. They have
lost a great deal of money in the unregulated side but
my have already reserved additional funds for
A very small increase
recommendation the ALJ in their rate case is going to hurt a
great deal. I believe they asked for +$800 million and
the ALJ recommended about 10% of that. The Commission
usually takes the ALJ's recommendation pretty
I am still looking to cover around the 22/share but
look to get long around the 19/19.5 range.