|Bid||18.91 x 800|
|Ask||18.92 x 1000|
|Day's Range||18.10 - 19.08|
|52 Week Range||5.07 - 49.42|
|Beta (3Y Monthly)||-0.07|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 24, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||22.04|
So far, utility stocks have risen ~17% in 2019. Broader markets have risen more than 15% during the same period. Many of the top utility stocks are trading close to their 52-week highs.
The supply of muni bonds isn’t expected to keep up with the demand. That should support prices, but makes it harder for investors to find good deals.
Credit rating for Peninsula Clean Energy is the second ever achieved by a "community choice aggregator." City-owned San Jose Clean Energy is working toward the same goal.
California's Wildfire Commission recently submitted a report to the state's governor and senate that poses a "high level of uncertainty" for utility company PG&E Corporation (NYSE: PCG ), according ...
Power producers NextEra Inc, Consolidated Edison Inc and Calpine Corp on Thursday said they will appeal to try to overturn a recent decision by a judge that a federal regulator has no say in whether utility PG&E Corp may reject its power purchase agreements if it chooses to while in bankruptcy. PG&E's power purchase agreements are valued at up to $42 billion and the matter of whether the company can walk away from them belongs exclusively in bankruptcy court, Judge Dennis Montali of the U.S. Bankruptcy Court in San Francisco said in a June 7 decision.
Pacific Gas and Electric Company (PG&E) urges customers to conserve electricity in response to a statewide Flex Alert called for today, Tuesday, June 11, from 4 p.m. to 10 p.m., by the California Independent System Operator (ISO), which manages the state’s power grid. A Flex Alert is an urgent call to immediately conserve electricity and shift power demand to off-peak hours to ease strain on the grid. The ISO issued the alert in response to high temperatures and high energy demand.
A bankruptcy judge ruled that California utility PG&E’s could reject its renewable-energy contracts, but it isn’t clear that would do much to strengthen PG&E’s financial position.
Temperatures have already surged past 100 degrees Fahrenheit (38 degrees Celsius) in some parts of California, triggering heat advisories across the state. The dry, hot weather, combined with high winds, forced utility giant PG&E Corp. to shut off power to thousands of customers in northern California over the weekend to avoid the kind of catastrophic wildfires that broke out last year.
Today, those displaced by the 2017 Northern California wildfires and 2018 Camp Fire are one step closer to receiving aid for alternative living expenses and other urgent needs through a bankruptcy court-approved, independently-administered Wildfire Assistance Program. The court approved the appointment of Cathy Yanni as administrator of the $105 million fund that PG&E advocated to establish and received court approval for last month. PG&E is seeking to make the funds available to the administrator for distribution to wildfire victims as soon as possible.
Power giants including NextEra Energy Inc. and Exelon Corp. had enlisted the help of the Federal Energy Regulatory Commission in ensuring that their long-term contracts with PG&E survive the biggest utility bankruptcy in U.S. history. The ruling could set up heavy losses for generators who have $42 billion worth of long-term agreements with PG&E, should those deals get tossed by Montali.
Pacific Gas and Electric Company has restored power for nearly all customers located in areas of Butte and Yuba Counties impacted by the Public Safety Power Shutoff in the Sierra Foothills.
Pacific Gas and Electric Company (PG&E) crews are conducting safety patrols and inspections in the Sierra Foothills, where the company proactively turned off power for safety to approximately 20,500 customers in Butte and Yuba counties. Approximately 260 personnel must inspect approximately 800 miles of transmission and distribution lines as part of the restoration process, the equivalent distance from San Francisco to Seattle, WA. Inspections will take place during daylight hours and PG&E expects to be able to restore power to these customers within 24 to 48 hours.
Pacific Gas and Electric Company (PG&E) is proactively shutting off the power for safety in Butte and Yuba counties this evening. Due to more favorable weather changes in other parts of the region, PG&E will continue to evaluate weather conditions for a Public Safety Power Shutoff in Nevada, El Dorado and Placer counties. PG&E meteorologists will continue to monitor the weather overnight and PG&E will de-energize customers in some parts of these counties if necessary.
Utility PG&E Corp planned to proactively shut off power on Saturday to 27,000 customers in Northern California due to an increased risk of wildfires, officials said. The shut down would begin at 9 p.m. local time in and around the Sierra Foothills, an area spanning parts of Butte, Yuba, Nevada, El Dorado and Placer counties northeast of San Francisco and near the border with Nevada, the utility said on Twitter. The area includes portions of Paradise, the town that was destroyed by November's deadly wildfire known as the Camp Fire, which killed more than 80 people.
Pacific Gas and Electric Company (PG&E) today announced that the company will turn off power to approximately 26,900 customers in the Sierra Foothills Saturday night and has started safety inspections for 1,600 customers in the North Bay whose power was turned off early Saturday morning.
Utility PG&E Corp proactively shut off power on Saturday to around 1,600 customers in northern California and said it might expand the shutdown to tens of thousands more due to an increased risk of wildfires. The affected customers in Napa, Solano and Yolo counties will not have electricity until at least the afternoon, PG&E said, after forecasters said a combination of strong winds, dry conditions and warm temperatures had raised the fire danger in areas north of San Francisco. Another 30,000 customers could have their power shut down as soon as Saturday evening in Butte, Yuba, Bevada, El Dorado and Placer counties, the utility said.
PG&E has decided to switch off service to 1,600 customers in Napa, Solano and Yolo counties through at least Saturday afternoon, the San Francisco-based company said in a statement late Friday. The utility had already warned earlier that same day that thousands of residents and businesses could be blacked out as the National Weather Service warned of a heightened fire risk. The blackout is the first to hit Northern California during this year’s wildfire season.
PG&E may proactively shut off electricity in several counties this weekend after the National Weather Service said fire risk was high, the San Francisco-based utility said Friday. About 1,600 customers in Napa, Solano and Yolo counties will have power shut off early Saturday morning through at least Saturday afternoon, PG&E said in a separate statement.
Fire risk high for approximately 1,600 Customers in North Bay Saturday morning; and potentially 30,000 Customers in Sierra Foothills Saturday night into Sunday morning
Fire Risk High in North Bay Saturday Morning, in Valley and Sierra Foothills Saturday Night
One such came late on Wednesday, when Bloomberg News reported PG&E Corp. had proposed a plan to lawmakers in Sacramento for an $11 billion fund to cover claims from previous wildfires and contribute toward covering future ones. Plus, while the plan appears to envisage PG&E taking a lower return on equity to help cover the cost of new securitized bonds as part of that $11 billion – the shareholders’ burden, in effect – the reported figure of $400 million a year doesn’t look like enough to fully offset the cost(1).
Newsom has given lawmakers until July 12 to pass a fix to the problem that forced the state’s biggest utility, PG&E Corp., into bankruptcy in January. At issue is who should pay for wildfires as climate change threatens to make them deadlier and more frequent. Utilities under California law are held responsible for fire costs if their equipment is found to be the cause, even if they weren’t negligent.
The utility has considered the plan in consultation with law firm Jones Day and boutique investment bank PJT Partners Inc., which are advising a group of PG&E’s equity holders that recently helped overhaul its board and appoint Bill Johnson as chief executive officer, the people said. The holders include Knighthead Capital Management, Redwood Capital Management and Abrams Capital Management, which collectively own about 10% of PG&E’s shares.