Pacific Gas and Electric Company PFD 1ST 5%
PCG-PC
New York Stock Exchange American18.60
USD
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Pacific Gas and Electric Company PFD 1ST 5%
PCG-PC
(New York Stock Exchange American)
Recent
price
18.60
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Pacific Gas and Electric Company engages primarily in the provision of natural gas and electric utility services. Its core products and services include the generation, transmission, distribution, and sale of electricity and natural gas to residential, commercial, industrial, agricultural, and public sector customers. The company operates a diverse electric generation portfolio comprising nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources, serving approximately 5.2 million households in northern and central California. It maintains extensive infrastructure, including around 18,000 circuit miles of interconnected transmission lines, 33 electric transmission substations, over 108,000 circuit miles of distribution lines, 67 transmission switching substations, and 753 distribution substations. The natural gas transmission, storage, and distribution system supports a broad customer base from small residential users to large commercial and industrial clients. Recent major company developments include strategic advancements in grid modernization backed by a $15 billion loan guarantee agreement with the U.S. Department of Energy’s Loan Programs Office, aimed at financing infrastructure improvements and reducing costs for customers. Operational enhancements have led to a 4% reduction in non-fuel operating and maintenance expenses in 2024 relative to 2023, through process improvements, inspections, and contract sourcing efficiencies. The company has connected nearly 14,000 new electric customers, exceeding planned targets by approximately 30%, and installed more than 3,800 new electric vehicle charging ports, supporting California’s clean energy initiatives. Financially, it has increased its 2025 non-GAAP core earnings per share guidance and is executing a $63 billion five-year capital investment plan through 2028, focused on risk mitigation and infrastructure resilience. Founded in 1905 and headquartered in San Francisco, California, Pacific Gas and Electric Company acts as a subsidiary of PG&E Corporation. It operates within the electric and gas utility industries and serves markets primarily in northern and central California. Its client base spans residential, commercial, industrial, agricultural, and public sectors, supported by a wide array of electric and natural gas products and services. The company continues to emphasize safety, operational efficiency, affordable and resilient energy delivery, and expanded clean energy infrastructure as part of its strategic priorities and evolving service offerings.