- Bloomberg
PG&E in Talks with KKR to Sell Minority Stake in Power Unit
(Bloomberg) -- PG&E Corp. is in talks to sell a minority stake in its power generation business to investment firm KKR & Co., a transaction regulators have signaled they don’t intend to support. Most Read from BloombergTesla Axes Supercharger Team in Blow to Broader EV MarketNYC Police Break Up Columbia Protest and Clashes Erupt at UCLAFed to Signal Delay of Interest-Rate CutsLilly Soars as Forecast Boost Shows Weight-Loss Drugs’ PowerAmazon Posts Biggest Cloud Sales Growth in Year on AI DemandT
- Insider Monkey
PG&E Corporation (NYSE:PCG) Q1 2024 Earnings Call Transcript
PG&E Corporation (NYSE:PCG) Q1 2024 Earnings Call Transcript April 25, 2024 PG&E Corporation beats earnings expectations. Reported EPS is $0.37, expectations were $0.35. PG&E Corporation isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Ladies and gentlemen, thank you for standing […]
- Reuters
UPDATE 1-PG&E beats quarterly profit view, eyes electricity demand growth
Power company PG&E Corp beat Wall Street estimates for first-quarter profit and raised its full-year earnings forecast on Thursday, helped by higher electricity rates and lower operating and wildfire-related costs. Last year, the California Public Utilities Commission (CPUC) voted to approve PG&E's infrastructure plan that would lead customer bills to rise by nearly 13%. In January, the CPUC also approved a $45 million settlement for the utility's part in the destructive 2021 Dixie wildfire, which in 2021 resulted in more than 963,000 acres (390,000 hectares) being burned across multiple counties.
