DARK SECRETS: 7 | Vintage Vibes

PG&E ‘excessively delayed’ its response to monster Dixie fire inferno, California report says

SAN JOSE, Calif. — PG&E’s response to the mammoth Dixie fire of 2021 was “excessively delayed,” a blunder that was a major factor behind the spread of the devastating inferno, according to a newly released state report.

Tribune News Service · Jun 13, 2022

PG&E’s ‘excessively delayed response’ worsened Dixie fire spread, Cal Fire report claims

SACRAMENTO, Calif. — Cal Fire blamed PG&E Corp. for an “excessively delayed response” that contributed to the furious initial spread of last year’s Dixie fire, which became the second-largest wildfire in California history.

Tribune News Service · Jun 10, 2022

PG&E pleads not guilty in deadly 2020 California wildfire

A California utility company has pleaded not guilty to involuntary manslaughter and other charges it faces after its equipment was blamed for starting a Northern California wildfire that killed four people and destroyed hundreds of homes in 2020

The Independent UK · Jun 9, 2022

California faces power shortages and price hikes amid drought woes: report

California faces the grim prospect of a drought-fueled summer of power shortages, hydroelectric plant shutdowns and rising electricity costs in areas that include the service territories of PG&E and other utilities, a report released Friday warns.

Tribune News Service · May 27, 2022

California is beginning to bury its power lines to prevent wildfire

WALNUT CREEK, California – Etched in dirt, a narrow furrow is the only clue that the grasslands of Lime Ridge Open Space will soon be restored to their original splendor, cleared of dangerous power lines that could ignite nearby subdivisions.

Tribune News Service · May 23, 2022

5 Analysts Have This to Say About PG&E

PG&E (NYSE:PCG) has observed the following analyst ratings within the last quarter:

Benzinga · May 23, 2022

Environmental groups oppose longer life for CA nuclear plant

Dozens of environmental and anti-nuclear organizations are opposing any attempt to extend the operating life of California's last running nuclear power plant

The Independent UK · May 17, 2022

John Oliver on the power of US utility companies: ‘The only game in town’

The Last Week Tonight host digs into the profit motives of monopolistic utility companies and the regulators who are unwilling or unable to moderate them

The Guardian - US · May 16, 2022

Editorial: Newsom opens up to keeping nuclear power

California Gov. Gavin Newsom has opened up to the possibility of extending the operation of the Diablo Canyon Nuclear Power Plant, according to multiple reports, despite past opposition. That’s a positive development. We encourage the governor to resist ideological or special interest pressure to shutter the facility, which provided 6%…

Tribune News Service · May 5, 2022

PG&E's Return On Capital Employed Overview

According to Benzinga Pro, during Q1, PG&E (NYSE:PCG) earned $478.00 million, a 0.42% increase from the preceding quarter. PG&E also posted a total of $5.80 billion in sales, a 10.52% increase since Q4.

Benzinga · May 3, 2022