Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  PG&E Corporation    PCG

PG&E CORPORATION

(PCG)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news
The feature you requested does not exist. However, we suggest the following feature:

PACIFIC GAS & ELECTRIC CO : Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)

share with twitter share with LinkedIn share with facebook
share via e-mail
05/29/2020 | 05:23pm EDT

Item 7.01 Regulation FD Disclosure

As previously disclosed, on January 29, 2019, PG&E Corporation and its subsidiary, Pacific Gas and Electric Company (the "Utility," and together with PG&E Corporation, the "Debtors"), filed voluntary petitions for relief under chapter 11 of title 11 ("Chapter 11") of the United States Code in the U.S. Bankruptcy Court for the Northern District of California (the "Bankruptcy Court"). PG&E Corporation's and the Utility's Chapter 11 cases are being jointly administered under the caption In re: PG&E Corporation and Pacific Gas and Electric Company, Case No. 19-30088 (DM) (the "Chapter 11 Cases").

On May 29, 2020, the Debtors jointly filed a monthly operating report for the period from April 1, 2020 to April 30, 2020 (the "April Monthly Operating Report") with the Bankruptcy Court.

A copy of the April Monthly Operating Report is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. The information set forth in this Item 7.01 of this Current Report on Form 8-K and in Exhibit 99.1 is being furnished hereby and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any of the Debtors' filings under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such filings. The filing of this Current Report on Form 8-K (including the exhibit hereto or any information included herein or therein) shall not be deemed an admission as to the materiality of any information herein that is required to be disclosed solely by reason of Regulation FD.

The April Monthly Operating Report (together with the monthly operating reports for prior periods, the "Monthly Operating Reports") and other filings with the Bankruptcy Court related to the Chapter 11 Cases are available electronically at http://restructuring.primeclerk.com/pge. This website address contains third-party content and is provided for convenience only. Third-party content is the responsibility of the third party, and PG&E Corporation and the Utility disclaim liability for such content.

Cautionary Statement Regarding Financial Operating Data

The Debtors caution investors and potential investors not to place undue reliance upon the information contained in the Monthly Operating Reports, which were not prepared for the purpose of providing the basis for an investment decision relating to any securities of the Debtors. The Debtors prepared the Monthly Operating Reports solely for purposes of complying with the monthly operating reporting requirements applicable in the Debtors' Chapter 11 Cases. The financial information contained in the Monthly Operating Reports is unaudited, limited in scope, and as such, has not been subject to procedures that would typically be applied to financial statements in accordance with accounting principles generally accepted in the United States of America. The Monthly Operating Reports should not be relied upon by any persons for information relating to current or future financial condition, events, or performance of PG&E Corporation, the Utility or any of their subsidiaries, as the results of operations contained in the Monthly Operating Reports are not necessarily indicative of results which may be expected from any other period or for the full year, and may not necessarily reflect the combined results of operations, financial position, and schedule of receipts and disbursements in the future. These unaudited financial statements were prepared using certain assumptions and estimates. These assumptions and estimates are subject to revision. Further, the amounts shown in this statement may differ materially due to adjustments in accruals, changes in facts and circumstances, changes in estimates, further analysis, and other factors.

Item 9.01 Financial Statements and Exhibits

Exhibits


The following Exhibits are being furnished, and are not deemed to be filed:
Exhibit 99.1            PG&E Corporation's and Pacific Gas and Electric Company's Monthly
                      Operating Report for the month ended April 30, 2020, filed with the United
                      States Bankruptcy Court for the Northern District of California
Exhibit 104           Cover Page Interactive Data File - the cover page XBRL tags are embedded
                      within the Inline XBRL document


--------------------------------------------------------------------------------

Forward-Looking Statements

This Current Report on Form 8-K includes forward-looking statements that are not historical facts, including statements about the beliefs, expectations, estimates, future plans and strategies of PG&E Corporation and the Utility. These statements are based on current expectations and assumptions, which management believes are reasonable, and on information currently available to management, but are necessarily subject to various risks and uncertainties. In addition to the risk that these assumptions prove to be inaccurate, factors that could cause actual results to differ materially from those contemplated by the forward-looking statements include factors disclosed in PG&E Corporation and the Utility's joint Annual Report on Form 10-K for the year ended December 31, 2019, their joint Quarterly Report on Form 10-Q for the quarter ended March 31, 2020, and their subsequent reports filed with the Securities and Exchange Commission. Additional factors include, but are not limited to, those associated with PG&E Corporation's and the Utility's Chapter 11 Cases. PG&E Corporation and the Utility undertake no obligation to publicly update or revise any forward-looking statements, whether due to new information, future events or otherwise, except to the extent required by law.

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses

Stocks mentioned in the article
ChangeLast1st jan.
PACIFIC GAS & ELECTRIC COMPANY 2.28% 28.58 Delayed Quote.7.56%
PG&E CORPORATION 1.54% 11.86 Delayed Quote.9.11%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on PG&E CORPORATION
05/29PACIFIC GAS & ELECTRIC CO : Regulation FD Disclosure, Financial Statements and E..
AQ
05/29PG&E CORP : Regulation FD Disclosure, Financial Statements and Exhibits (form 8-..
AQ
05/28PG&E : May 28, 2020 CPUC Approves PG&E's Chapter 11 Plan of ReorganizationView F..
PU
05/28PG&E : CPUC Approves PG&E's Chapter 11 Plan of Reorganization
BU
05/28PG&E : Regulators approve PG&E bankruptcy plan despite safety fears
AQ
05/27PG&E : bankruptcy trial opens with attacks on voting process
AQ
05/27PACIFIC GAS & ELECTRIC CO : Entry into a Material Definitive Agreement (form 8-K..
AQ
05/27PG&E CORP : Entry into a Material Definitive Agreement (form 8-K)
AQ
05/27PACIFIC GAS & ELECTRIC CO : Other Events (form 8-K)
AQ
05/27PG&E CORP : Other Events (form 8-K)
AQ
More news
Financials (USD)
Sales 2020 18 304 M - -
Net income 2020 -23 849 M - -
Net Debt 2020 36 119 M - -
P/E ratio 2020 -1,68x
Yield 2020 -
Capitalization 6 283 M 6 283 M -
EV / Sales 2019
EV / Sales 2020 2,32x
Nbr of Employees 23 000
Free-Float 98,8%
Chart PG&E CORPORATION
Duration : Period :
PG&E Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PG&E CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 13,32 $
Last Close Price 11,86 $
Spread / Highest target 60,2%
Spread / Average Target 12,3%
Spread / Lowest Target -15,7%
EPS Revisions
Managers
NameTitle
William D. Johnson President, Chief Executive Officer & Director
Nora Mead Brownell Independent Non-Executive Chairman
Jason P. Wells Chief Financial Officer & Senior Vice President
Fred J. Fowler Independent Director
Eric D. Mullins Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
PG&E CORPORATION9.11%6 283
NEXTERA ENERGY5.53%125 084
ENEL S.P.A.-2.42%77 987
DOMINION ENERGY, INC.2.64%71 345
IBERDROLA5.53%69 245
DUKE ENERGY CORPORATION-6.12%62 947