|Bid||18.93 x 800|
|Ask||18.83 x 1800|
|Day's Range||18.82 - 19.29|
|52 Week Range||5.07 - 49.42|
|Beta (3Y Monthly)||-0.49|
|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|
Clearway Energy's results are being impacted by the ongoing PG&E bankruptcy, but it's likely to emerge unaffected. That could make it an excellent buy, if management can fix some other problems.
After 26 years, billionaire hedge fund manager David Tepper is shutting down his Appaloosa LP to outside investors. The Wall Street Journal has reported Tepper plans to return outside clients’ money as ...
Pacific Gas and Electric Company (PG&E) announced today that it will put all electric distribution power lines underground in the Town of Paradise and some of the surrounding areas as the town rebuilds from the Camp Fire. The announcement was made by Aaron Johnson, vice president of electric operations at PG&E, at a special meeting of the town council. “As part of our commitment to help this community recover and to harden our electric system to protect against wildfires, PG&E has decided to build our electric distribution system underground in the Town of Paradise and in some of the surrounding areas like parts of Magalia,” Johnson told the council.
Pacific Gas & Electric Corp. received approval Wednesday to establish a $105 million fund to help survivors of recent California wildfires started by the utility's equipment. A federal judge overseeing PG&E's bankruptcy case approved the utility's wildfire assistance program to provide relief for people who lost property during the huge fires in 2017 and 2018. Lawyers for wildfire victims argued that PG&E could pay up to $250 million to adequately help their clients and pointed out that the utility sought last month to pay $235 million in bonuses for its employees.
Pacific Gas and Electric Company (PG&E) announced today that it received approval from the bankruptcy court to create a $105 million housing assistance fund to support those displaced by the 2017 Northern California wildfires and 2018 Camp Fire. The Wildfire Assistance Fund is intended to aid those displaced by the 2017 Northern California wildfires and the 2018 Camp Fire, specifically those who are either uninsured or need assistance with alternative living expenses or other urgent needs. “PG&E remains committed to helping wildfire victims rebuild and recover, and this program is part of how we’re living up to that commitment,” said PG&E Corporation Chief Executive Officer and President Bill Johnson.
PG&E Corp may set up a $105 million housing fund for victims of 2017 and 2018 wildfires in California, which set records for devastation and were blamed on the utility's equipment, the judge overseeing the bankruptcy of the investor-owned power producer ruled on Wednesday. Creditors, which include wildfire victims, are fighting for funds as PG&E navigates bankruptcy stemming from the blazes and as the state plans for increasingly long and dangerous fire seasons its officials attribute to climate change. U.S. Bankruptcy Judge Dennis Montali at a hearing approved a motion by PG&E seeking permission to establish the fund for people who lost homes in the fires and were uninsured or have used up or will exhaust their insurance.
Hedge funds have a reputation for clustering in the stocks they like most, and today, there is one stock that hedge funds appear to love more than most. The company in question is Pacific Gas and Electric (PCG), the troubled Californian utility supplier that announced it was entering Chapter 11 bankruptcy earlier this year. Warning! GuruFocus has detected 2 Warning Signs with PCG.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
SAN DIEGO, May 20, 2019 -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for investors that acquired certain PG&E senior notes in or traceable to.
The Wisconsin Retirement System, one of only two fully funded state pensions, also slashed its holdings in PG&E, the struggling California utility, last quarter.
The new chief executive officer’s message: I’m the fix-it guy, sent here to seek redemption for California’s largest utility. Someone handed assembly member Eloise Gomez Reyes a piece of paper. “I made the assumption, when I got here, that PG&E equipment caused the fire -- that’s the best place to start,” he said later in the hearing.
(PCG)’s electrical transmission lines caused the deadliest fire in California’s history, says the state’s Department of Forestry and Fire Protection. CAL FIRE officials said Wednesday that last November’s Camp Fire, which killed 85 civilians, burned 153,336 acres, and destroyed 18,804 structures, was caused by electrical transmission lines owned and operated by PG&E in the area around the town of Pulga, in California’s Butte County. PG&E accepted CAL FIRE’s determination in a statement.
Cal Fire Blames PG&E for Deadly Camp Fire Last Year(Continued from Prior Part)PG&E stock looks weakPG&E (PCG) stock could see some serious pressure after Cal Fire’s report. It is the most volatile stock among utilities recently. Its
The California Department of Forestry and Fire Protection said iWednesday the November 2018 Camp Fire in Butte County was the result of wrongdoing by PG&E Corporation (NYSE: PCG ). What Happened Cal Fire ...
Cal Fire Blames PG&E for Deadly Camp Fire Last YearStock is up 50% since filing for bankruptcy The California Department of Forestry and Fire Protection (or Cal Fire) has blamed PG&E Corporation (PCG) for causing the most devastating
SACRAMENTO, Calif. (AP) — As California fire investigators officially concluded that the deadliest U.S. wildfire in a century was caused by Pacific Gas & Electric Corp. power lines, lawmakers expressed deep skepticism about whether the utility had made the dramatic changes needed to prevent another deadly blaze.
U.S. stock index futures rose on Thursday, as upbeat earnings from Cisco and Walmart overshadowed concerns over strained trade ties between the United States and China after Washington blacklisted telecom equipment giant Huawei. Cisco Systems Inc gained 3.8% in premarket trading after its quarterly earnings beat estimates and the company gave an upbeat sales forecast saying minimal sales exposure to China and changes to its supply chains have helped cushion the blow of the trade dispute. Walmart Inc rose 2.1%, after the big box retailer's first-quarter U.S. comparable sales beat analysts' estimates.
U.S. stock futures were higher on Thursday and global stocks traded mostly to the downside after Donald Trump blacklisted China's Huawei Technologies from doing business with the United States, underscoring the breadth of the president's myriad trade disputes and their potential impact on the world's largest economy. Telecom giant Huawei, a key plank in China's ambitions toward dominating 5G networking around the globe, was placed on the "Entity List" by the U.S. Commerce Department late Wednesday, a move that effectively prevents it from acquiring components and technology from American companies without prior government approval.
Shares of Pacific Gas and Electric Co. fell 1.3% in premarket trade Thursday, after the San Francisco-based utility said it accepts the determination that its electrical transmission lines were the cause of November's Camp Fire that killed at least 85 people. The determination was made by the California Department of Forestry and Fire Protection (CAL FIRE). "While we have not been able to review CAL FIRE's report, its determination that PG&E transmission lines near the Pulga area ignited the Camp Fire on the morning of November 8, 2018, is consistent with the company's previous statements," PG&E said in a statement. "We have not been able to form a conclusion as to whether a second fire ignited as a result of vegetation contact with PG&E electrical distribution lines, as CAL FIRE also determined." The stock has tumbled 24% year to date through Wednesday, while the SPDR Utilities Select Sector ETF has gained 9.8% and the S&P 500 has advanced 14%.
PG&E filed for bankruptcy earlier this year because it was likely to face more than $30 billion in potential liability costs stemming from the fire. "While we have not been able to review CAL FIRE's report, its determination that PG&E transmission lines near the Pulga area ignited the Camp Fire on the morning of November 8, 2018, is consistent with the company's previous statements," PG&E said in a statement Wednesday.
The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. - The California Department of Forestry and Fire Protection, ...
State fire investigators have formally determined that Pacific Gas & Electric Co transmission lines caused the deadliest and most destructive wildfire on record in California, a blaze that killed 85 people last year, officials said on Wednesday. The wind-driven blaze, dubbed the Camp Fire, erupted in the drought-parched Sierra foothills 175 miles (280 km) north of San Francisco in November 2018 and raced with little warning through the town of Paradise, incinerating much of that community. Nearly 19,000 homes and other structures were destroyed, and the death toll stands as the greatest loss of life from a single wildfire in California history.
Pacific Gas and Electric Company today issued the following statement in response to the release of information by the California Department of Forestry and Fire Protect