|Bid||20.95 x 2900|
|Ask||21.00 x 1100|
|Day's Range||20.81 - 21.73|
|52 Week Range||5.07 - 49.42|
|Beta (3Y Monthly)||-0.75|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 1, 2019 - May 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||22.04|
We look at the nuclear power sector and how U.S. investors can get access to this often profitable, but still controversial, sector of the energy market.
Breed said she sees an opportunity to deliver clean power to her residents while keeping rates as low as possible. “I’m pretty excited about it, and I am hopeful that we are able to do it,” Breed said in an interview with Bloomberg News Wednesday at City Hall. Breed’s remarks showed the potential for sweeping change at San Francisco-based PG&E, which filed for bankruptcy in January under the weight of an estimated $30 billion in liabilities from wildfires.
Mayor London Breed said in an interview with Bloomberg News that she’s “pretty excited” at the prospect of the city taking over its local grid from bankrupt utility PG&E Corp. A feasibility study is due later this month — and it’s not the first one, either. San Francisco has been considering taking its grid out of PG&E’s hands, off and on, since at least the 1990s. It is easy to see why San Francisco is tempted.
The Board of Directors of PG&E Corporation (PCG) today announced that the joint 2019 Annual Meeting of Shareholders of the Corporation and Pacific Gas and Electric Company, previously scheduled for May 21, 2019, will be rescheduled in order to allow additional time following the Board’s substantial refreshment announced on April 3, 2019. PG&E anticipates that it will hold its Annual Meeting in June 2019, and intends to announce the new Annual Meeting date in the coming weeks. PG&E Corporation is a holding company headquartered in San Francisco.
Californians like to think they show the rest of the country the way to a clean energy future. Inconveniently, utility power purchase agreements (PPAs), which have been the principal economic model for renewable energy in the state, face legal collapse within two weeks. The PPA crisis is one of the consequences of the bankruptcy of Pacific Gas & Electric, the state’s largest utility.
With the exceptional California snowpack melting as temperatures rise, rivers and streams are full of dangerously cold and swift moving water this spring. Pacific Gas and Electric Company (PG&E) encourages water enthusiasts to take extra precautions when in or near rivers, especially around hydroelectric facilities and dams, where water flows can change rapidly. Anglers are also encouraged to take precautions as trout season opens April 27 for most California rivers.
How Are Utility Stocks Placed for the Future?(Continued from Prior Part)Implied volatility On April 12, the Utilities Select Sector SPDR (XLU) witnessed an implied volatility of 11%, which was marginally lower than its 15-day average. Recently,
Incoming CEO Bill Johnson will receive an annual base salary of $2.5 million for a three-year contract.
Small commercial customers could get their electricity from San Jose’s new municipal utility, rather than Pacific Gas and Electric, as early as this summer if the City Council approves it.
Pacific Gas and Electric Company is paying property taxes and franchise fees of more than $388 million this spring to the 50 counties and 247 cities where the energy company owns and operates gas and electric infrastructure that serves 16 million Californians.
How Are Utility Stocks Placed for the Future?(Continued from Prior Part)PG&EPG&E (PCG), which is seeking bankruptcy protection under Chapter 11, had one of the best weeks of the year. The stock rose almost 20% last week after Governor
California regulators expressed skepticism Monday that Pacific Gas & Electric Corp.'s new leaders have enough professional experience to instill the deep corporate culture of safety they say the company has lacked. The utility has been blamed for more than a dozen of California's most destructive wildfires in the past two years. The five-member California Public Utilities Commission questioned veteran PG&E board member Richard Kelly about the safety qualifications of 10 new board members and incoming chief executive Bill Johnson, who starts May 1.
Californian utility stocks soared Friday, April 12, after the release of a wildfire report. Power up profits with these three trading ideas.
The creation of a fund that would allow utilities to pay for wildfire damage claims sent PG&E Corp shares soaring nearly 12 percent before closing 3.95 percent higher on Friday. "PG&E is a textbook example of what happens when a utility does not invest in safety after numerous deadly reminders to do so over many years," a report released by Newsom said. PG&E said in a statement that it is "embracing the calls for change," and committed to resolving wildfire victims' claims fairly and expeditiously.
The governor issued a report Friday outlining possible solutions for how costs for destructive wildfires will be covered -- including a possible fund that utilities can tap into -- that sent the clearest signal yet that the state will move to keep its power companies solvent. The wide-ranging report gave Wall Street optimism that California will work with utilities to solve an intractable problem: who pays for wildfires as climate change threatens to make them deadlier and more frequent. Now, the task of developing a concrete approach falls to lawmakers, who need to work quickly as another fire season nears.
California Gov. Gavin Newsom on Friday released a wildfire report that slams PG&E for its role in major blazes and suggests the state could push to break up the utility. The also said wildfire costs should be spread more "broadly," beyond utilities and even to include government.
California Gov. Gavin Newsom releases a wildfire report that slams PG&E for its role in major blazes and suggests the state could push to break up the utility. Shares of PG&E shoot up 20% in trading Friday after the report is released. LOS ANGELES — California Gov. Gavin Newsom on Friday released a wildfire report that slams PG&E PCG for its role in major blazes and suggests the state could push to break up the utility.
Governor GavinNewsom’s “strike force” released a long-awaited report and although it singled out PG&E for fault, it wasn’t all bad news.
The company also appointed former U.S. ambassador Jeffrey Bleich as chair of the board of its subsidiary Pacific Gas and Electric Company. Bill Johnson, who was appointed as PG&E's chief executive earlier in April, will start his role from May 1, the company said.
PG&E Corporation (PCG) today announced that its newly constituted Board of Directors has taken additional actions to further enhance PG&E’s safety culture and operational excellence. Appointing former state and federal regulator Nora Mead Brownell to serve as Chair of the Board of PG&E Corporation. Ms. Brownell has an expansive career in the energy sector and has served as a Commissioner of the Federal Energy Regulatory Commission (FERC), a member of the Pennsylvania Public Utility Commission and President of the National Association of Regulatory Utility Commissioners.
The discussions between PG&E and BlueMountain representatives underscore the restructuring challenges the company faces since filing for bankruptcy in January to address potentially crushing liabilities from catastrophic wildfires. The talks come days after PG&E named a new chief executive and unveiled plans to appoint 10 directors to a newly formed board in response to pressure from other shareholders. California Governor Gavin Newsom criticized the slate as dominated by hedge-fund financiers, out-of-state executives and others lacking experience operating utilities.