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Stock Market & Financial Investment News

News Breaks
March 1, 2010
13:08 EDTPCGPG&E to reaffirm guidance at investor conference
PG&E will reaffirm its 2010 EPS guidance of $3.35-$3.50 and 2011 guidance of $3.65-$3.85 at today's investor conference in New York City. The consensus estimate for 2010 is $3.40 and $3.72 for 2011.
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August 19, 2015
16:47 EDTPCGPG&E names Melissa Lavinson as Chief Sustainability Officer
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August 14, 2015
05:09 EDTPCGPG&E pays $300M fine to CPUC
PG&E announced that it has paid a $300M fine levied by the California Public Utilities Commission, or CPUC, in association with the 2010 natural gas transmission pipeline explosion in San Bruno, CA. When the CPUC announced its decision on April 9, PG&E chose to move forward without an appeal. The payment to the state's General Fund is due Oct. 6. The company recently completed the sale of additional stock necessary to fund the payment. In addition to the $300M fine to be paid to the state, the CPUC penalty requires that PG&E shareholders refund $400M to gas customers and pay $850M for gas system safety improvements. The $400M refund, which will be based on usage, will be returned to customers in early 2016 per the CPUC's direction. In addition to the payment to the General Fund, the company has settled claims amounting to more than $500M with all of the victims and families of the San Bruno accident, established a $50M trust for the City of San Bruno for costs related to recovery and contributed $70M to support the city's and community's recovery efforts.

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