PG&E Corporation 6.000% Series A Mandatory Convertible Preferred Stock PCG.PRX

PG&E is a holding company whose main subsidiary is Pacific Gas and Electric, a regulated utility operating in Central and Northern California that serves 5.7 million electricity customers and 4.6 million gas customers in 47 of the state's 58 counties. PG&E operated under bankruptcy court supervision in 2001-04 during California's energy crisis and in 2019-20 due to wildfire losses. In 2004, PG&E sold its unregulated assets as part of its first postbankruptcy reorganization.

Con 31 acciones de PCG.PRX (USD 987,35) habrías recibido USD 93,00 en dividendos en los últimos 12 meses.

• The Motley Fool 20 sept

  I'm Watching PG&E Closely, but Here's Why I Haven't Bought the Dip

  PG&E stock has plunged 25% over the past month following California's amendment to wildfire reform legislation (SB 492) that removes protections for utilities against insurance lawsuits. While the stock decline may attract dip buyers, the author cautions against investing due to ongoing political and regulatory risks in California. Fitch Ratings downgraded PG&E's outlook to negative, citing challenging legislative conditions.

  

• Zacks Investment Research 9 sept

  Is First Trust Utilities AlphaDEX ETF (FXU) a Strong ETF Right Now?

  FXU is a smart beta ETF launched in 2007 that tracks the StrataQuant Utilities Index with 97.1% allocation to utilities stocks. While it has generated 6.68% returns year-to-date and 12.11% over one year, its 0.61% expense ratio is relatively high compared to traditional alternatives like VPU (0.09%) and XLU (0.08%), making it less suitable for cost-conscious investors seeking utilities exposure.

  

• The Motley Fool 31 ago

  Why PG&E Stock Just Crashed

  PG&E stock plummeted 19.6% after California legislators rejected Governor Newsom's proposal to shield utilities from insurance company lawsuits (subrogation) related to wildfire damages. The failed legislation would have shifted wildfire costs from utilities to insurers, but insurers argued this would force them to raise premiums or drop coverage in high-risk areas. While some compromise measures were proposed, the rejection of the main liability protection is a significant setback for PG&E.

  

• The Motley Fool 28 ago

  Stock Market Today, Aug. 28: PG&E Falls 8% on Wildfire-Liability Uncertainty Ahead of Aug. 31 Deadline

  PG&E stock plummeted 7.52% to $16.61 after California lawmakers blocked Governor Newsom's plan to protect utilities from insurer recoupment in catastrophic wildfires. With an Aug. 31 legislative deadline approaching, investors face uncertainty over wildfire-liability protections. Trading volume surged 387% above average as concerns rippled through the utility sector.

  

• GlobeNewswire Inc. 27 ago

  One of California's Largest Community Microgrids to be built in Rural Pescadero, California

  WestLight Energy announced completion of funding for a community microgrid project in Pescadero, California, designed to provide electricity resilience to an entire rural town of 700 residents. The project combines $3.5 million from PG&E's Microgrid Incentive Program, up to $4 million from PG&E for grid upgrades, $10 million from WestLight Energy, and $3 million from San Mateo County. Construction is expected to begin in mid-2029 with service starting in mid-2031.