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Stock Market & Financial Investment News

News Breaks
January 31, 2013
17:39 EDTPCGPacific Gas and Electric comments on CPUC investigations in filing
Pacific Gas and Electric, a subsidiary of PG&E Corporation, is the subject of three investigations by the CPUC. The CPUC investigations relate to (1) the Utility’s safety recordkeeping for its natural gas transmission system, (2) the Utility’s operation of its natural gas transmission pipeline system in or near locations of higher population density, and (3) the Utility’s pipeline installation, integrity management, recordkeeping and other operational practices, and other events or courses of conduct, that could have led to or contributed to the rupture of one of the Utility’s natural gas transmission pipelines on September 9, 2010 in San Bruno, California and the ensuing explosion and fire.
News For PCG From The Last 14 Days
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March 24, 2015
17:04 EDTPCGPG&E names Julie Kane as Chief Ethics and Compliance Officer
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March 18, 2015
17:28 EDTPCGPG&E embraces new NTSB safety recommendations for natural gas industry
PG&E is embracing the National Transportation Safety Board’s new safety recommendations for the gas pipeline industry. These recommendations were a result of a recent safety study on integrity management of gas transmission pipelines in urban areas completed by the NTSB. PG&E has already completed or is in the process of implementing many of these new safety recommendations. Additionally PG&E has closed nine out of 12 safety recommendations in response to the 2010 pipeline accident in San Bruno. Of the three remaining safety recommendations, the NTSB considers PG&E's progress "open-acceptable response," which means acceptable progress, pending completion.
March 17, 2015
10:00 EDTPCGOn The Fly: Analyst Downgrade Summary
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07:00 EDTPCGPG&E downgraded to Equal Weight from Overweight at Morgan Stanley
March 16, 2015
15:26 EDTPCGSpark Energy acquires customer accounts in PG&E Market
Spark Energy (SPKE) announces that it has entered into a purchase and sale agreement with Entrust Energy for the purchase of approximately 33,500 customer contracts in the Pacific Gas and Electric (PCG) natural gas market in Northern California. The purchase price is $2.83M, or approximately $85 per customer. Closing of the transaction is expected in the first two weeks of April.

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