Analyst Report: PG&E Corp.

Argus

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Mar 28, 2025

Summary

PG&E Corp. is the holding institution for Pacific Gas & Electric Co., an investor-owned utility. The inferior provides energy to 5.5 cardinal accounts and earthy state to 4.5 cardinal accounts successful bluish and cardinal California. Electricity accounted for astir 71% of 2023 revenues. The company's lawsuit basal is weighted toward residential and tiny concern customers. In 2023, 43% of GWh income was from residential customers, and 37% was from smaller commercialized customers. About 80% of 2023 bundled state income was from residential customers. PG&E is besides a ample relation of underground earthy state retention fields successful California.

As of the extremity of 2023, the inferior had 26 GWh of generating capableness with an owned procreation substance premix including 25% from earthy gas, 15% hydropower, 2% renewable, and 58% nuclear. Purchased powerfulness is 35% renewably sourced. The institution had planned to unopen down the Diablo Canyon atomic works by 2025 arsenic absorption said that it could not a