PCG changes
Pick any two versions below to diff them.
- Price
- $13.18 → $13.10(−0.6%)
- Recent events
- Oct 22, 2026: PG&E reported Q3 2026 results. Core EPS was $0.41, down from $0.50 in Q3 2025, mainly because of a lower allowed return on equity in 2026. Core EPS for the first nine months was $1.24, up from $1.14. PG&E reaffirmed 2026 core EPS guidance of $1.64 to $1.66 and 2027 guidance of $1.78 to $1.82. It said it does not expect to issue equity through 2030. On the call, CEO Patti Poppe said PG&E plans to share the outcome of the strategic review no later than summer 2027. This timeline comes from a call transcript. Oct 5, 2026: At an S&P Global Ratings webinar, CFO Carolyn Burke said wildfire liability legislation is PG&E's preferred path, but it is highly uncertain. She said the strategic review looks at the full range of options, which can include ring-fencing the power plant and gas businesses. She gave no timeline for the review. She said the CPUC expects to issue a proposed decision on Kincade and Dixie fire cost recovery in November. Oct 2, 2026: The CPUC judge in the Kincade and Dixie fire cost case (A.25-11-001) set an oral argument for October 26, 2026. On October 8, the judge refused a request to delay the decision and said that the evidence record is closed. Oct 1, 2026: PG&E filed a 10-year plan to put about 5,000 miles of power lines underground in high fire-risk areas from 2028 to 2037. The state Office of Energy Infrastructure Safety must approve the plan first. After that, PG&E will ask the CPUC to approve the cost. Sep 30, 2026: Governor Newsom said that a wildfire liability deal may fall to the next governor, who takes office in January 2027. He did not rule out a special session, but he did not expect a vote this year. Sep 16, 2026: Fitch Ratings changed its outlook on PG&E Corporation and the utility to negative from stable. It kept the BBB- rating. Fitch cited the failed wildfire liability reform and said more downgrades are likely without progress. Sep 11, 2026: In its CPUC brief on the Kincade and Dixie fires, PG&E asked to recover about $1.449 billion of costs that the Wildfire Fund cannot pay, plus about $329 million of system repair costs. It also asked the CPUC to confirm that PG&E does not have to pay back about $1.2 billion that the Wildfire Fund paid for the two fires by July 31, 2026. Sep 2, 2026: PG&E cut planned 2027 capital spending by about $2 billion, from $13.4 billion to $11.4 billion. It kept its 2026 core EPS guidance of $1.64 to $1.66 and gave 2027 guidance of $1.78 to $1.82. It suspended its five-year capital and rate base outlook, which was $73 billion for 2026 to 2030, and its growth target after 2027. Its board formed a committee of four independent directors for a strategic review of the company, with no timeline. Sep 1, 2026: The California Assembly adjourned without a vote on SB 492, the wildfire liability bill. The governor and legislative leaders had announced the deal in this bill on August 29. Lawmakers had removed parts of the governor's plan, such as limits on lawsuits by insurers and on damages. Aug 31, 2026: PG&E stock fell about 20% in one trading day, its worst single-day drop since March 2020. The wildfire liability bill in the legislature did not include the main parts of the reform that PG&E wanted. Jul 23, 2026: PG&E reported Q2 2026 results. Core earnings per share were removed: $0.40, above the analyst estimate of about $0.37. Revenue was below estimates. added: $0.40. The company reaffirmed its 2026 core EPS guidance of $1.64 to $1.66.