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Stock Market & Financial Investment News

News Breaks
August 14, 2014
14:46 EDTPCGCPUC authorizes $460M revenue increase for PG&E
The California Public Utilities Commission, or CPUC, set the revenue amount needed for Pacific Gas and Electric Company to provide safe and reliable electric and natural gas service for 2014-2016, cutting the amount requested by $700M. PG&E requested a 17.5% increase, or $1.16B, over the currently approved revenue requirement for 2014-2016. The CPUC reduced PG&Es revenue increase request by $700M, authorizing an increase of $460M, which is an increase of 6.9% over the currently authorized revenue requirement. The decision approved attrition increases of 4.57% for 2015 and 5% for 2016. PG&E requested attrition increases of 5.9% for 2015 and 6.1% for 2016, CPUC noted.
News For PCG From The Last 14 Days
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May 13, 2015
07:40 EDTPCGHouse Energy & Commerce Committee to hold a hearing
The Energy & Power Subcommittee holds a hearing entitled, "Discussion Drafts Addressing Hydropower Regulatory Modernization and FERC Process Coordination under the Natural Gas Act" with Vice President Livingston of Pacific Gas & Electric and Director Miles of FERC on May 13 at 10 am. Webcast Link
May 10, 2015
12:54 EDTPCGDuke, Edison, other utilities could return 8% annually, Barron's says
Shares of Duke Energy (DUK), Southern Company (SO), Consolidated Edison (ED), Edison International (EIX), PG&E (PCG), American Electric (AEP), Dominion (D), and NextEra Energy (NEE) could return 8% or more annually in coming years, Barron's contends in a feature article. Though utilities are sometimes seen as no-growth businesses, Barron's argues that infrastructure replacement projects, rate hikes, and dividend boosts make the sector look attractive. Reference Link

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