Pacific Gas and Electric Company
PCG-PE
New York Stock Exchange American18.42
USD
+0.08
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Pacific Gas and Electric Company
PCG-PE
(New York Stock Exchange American)
Recent
price
18.42
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, incorporated in California in 1905 and headquartered in Oakland, operates as one of the largest investor-owned utilities in the United States, providing natural gas and electric service to approximately 16 million people across a 70,000-square-mile service area in northern and central California; the company transmits and delivers energy through 141,215 circuit miles of electric distribution lines, 18,616 circuit miles of interconnected transmission lines, 42,141 miles of natural gas distribution pipelines, and 6,438 miles of natural gas transportation pipelines, serving 5.1 million electric customer accounts and 4.3 million natural gas customer accounts. Its generation portfolio includes an extensive hydroelectric system, the operating Diablo Canyon nuclear power plant, natural gas-fired power plants such as the Gateway Generating Station, fuel cell and photovoltaic sources; the company owns and operates electric transmission substations, distribution lines, switching and distribution substations, as well as natural gas transmission, storage, and distribution systems, with electricity generated from nuclear, hydroelectric, fossil fuel-fired, fuel cell, and solar sources, and ongoing investments in renewable natural gas facilities and energy efficiency programs for residential, commercial, and industrial customers. Recent developments include the successful launch of the Calistoga Resiliency Center, the world's first ultra-long duration hybrid battery-plus-hydrogen fuel cell-powered microgrid in partnership with Energy Vault to provide zero-emission power during public safety power shutoffs; interconnection of four new renewable natural gas facilities in 2024 to reduce greenhouse gas emissions; formation of non-Rule II.B affiliates PacGen Holding Company in January 2024 and Pacific Generation LLC in 2022 to hold and manage non-nuclear generation assets; a $15 billion loan guarantee agreement with the U.S. Department of Energy in 2024 for grid modernization projects; and a $2.4 billion dual stock offering in late 2024 to fund its five-year capital investment plan, alongside reaffirmation of 2025 earnings guidance amid regulatory proposals for return on equity adjustments and ongoing wildfire risk mitigation efforts.