Pacific Gas and Electric Company
PCG-PG
New York Stock Exchange American18.26
USD
+0.45
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Pacific Gas and Electric Company
PCG-PG
(New York Stock Exchange American)
Recent
price
18.26
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 (PG&E), incorporated in California in 1905 and headquartered in Oakland, California, operates as one of the largest investor-owned utilities in the United States, serving approximately 16 million people across a 70,000-square-mile service area in northern and central California from Eureka to Bakersfield and the Pacific Ocean to the Sierra Nevada; the company, a subsidiary of PG&E Corporation (NYSE: PCG), employs about 23,000 people and delivers natural gas to 4.3 million accounts and electricity to 5.1 million accounts spanning residential, commercial, industrial, agricultural customers, and street lighting through an extensive infrastructure including 141,215 circuit miles of electric distribution lines, 18,616 circuit miles of interconnected transmission lines at voltages from 60 kV to 500 kV, 42,141 miles of natural gas distribution pipelines, and 6,438 miles of transportation pipelines; PG&E generates electricity from nuclear, hydroelectric, natural gas-fired, solar, battery storage, and fuel cell sources while providing transmission, distribution, energy efficiency programs, and renewable natural gas interconnection services under regulation by the California Public Utilities Commission. Recent developments include a 42% reduction in methane emissions from its gas pipeline system in 2024 versus a 2015 baseline, surpassing the 2025 goal of 20% and advancing a voluntary 45% target by 2030 through advanced leak detection, pipeline replacement, and renewable natural gas integration; in 2025, PG&E finalized the purchase of its Oakland headquarters to cut real estate costs, committed $50 million to expand bill relief programs like Match My Payment and REACH for past-due accounts amid stable residential rates with declines forecasted for 2026, hosted an Innovation Pitch Fest in September to source breakthrough technologies for grid modernization, and reported strong third-quarter financials with narrowed 2025 core EPS guidance of $1.49-$1.51 and initiated 2026 guidance at $1.62-$1.66 while advancing a $63 billion five-year capital plan through 2028 focused on wildfire mitigation, undergrounding 1,230 miles of lines, vegetation management, and system upgrades approved by regulators; earlier plans for a minority stake sale in non-nuclear generation subsidiary Pacific Generation to KKR were rejected by the CPUC in 2024 over public interest concerns.