PCG
PG&E Corporation
October 9, 2026 · intraday
- Rarity
- 1.32
- Peak move
- +5.46%
- Float cap
- $27.6B
PG&E Corporation is a holding company whose primary operating subsidiary, Pacific Gas and Electric Company, is a public utility serving Northern and Central California. The utility generates revenue through the sale and delivery of electricity and natural gas to residential, commercial, and industrial customers.
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What we found
7 events · 0 from SEC or newswire · 0 timed with the moveregulatory_actionSan Francisco's mayor, city attorney, Board of Supervisors president and SFPUC general manager sent an Oct. 8 letter to CPUC President John Reynolds urging a public investigation into PG&E, citing 40 major outages since January and two underground vault fires tied to PG&E equipment.
executive_remarkPG&E CEO Patti Poppe publicly urged California politicians to stop actions hurting the utility's stock, saying reform could lower borrowing costs, restore investment-grade credit and unlock billions in investment, and that higher wildfire-risk debt spreads cost customers an extra $600 million over two years.
operational_disruptionPG&E began advanced customer notifications for a possible Public Safety Power Shutoff that could affect about 12,200 customers across 17 Northern and Central California counties, with forecast gusts of 30-45 mph and peaks of 55 mph in the Northern Sierra.
analyst_ratingLadenburg Thalmann analyst Paul Fremont cut his price target on PG&E Corp to $15.50 from $22.00 while keeping a Buy rating, citing regulatory hurdles and rising costs for the utility's 10-year plan to bury 5,000 miles of transmission lines by 2037.
policy_changeCalifornia Gov. Gavin Newsom signed Assembly Bill 2700, directing the CPUC to determine what wildfire victims of PG&E-caused 2015-2018 fires are owed and identify compensation mechanisms without raising utility rates, with roughly $5-6 billion in determined losses remaining unpaid.
credit_rating_changeFitch Ratings affirmed PG&E's BBB- investment-grade rating but lowered its outlook to Negative from Stable, citing wildfire liability risks and the lack of legislative reform on California's wildfire framework.
operating_metricsPG&E disclosed a 12.7-gigawatt data-center pipeline, up from roughly 10 GW a quarter earlier, as AI infrastructure drives electricity requests in its California service territory.