Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

PG&E CORPORATION

(PCG)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

PG&E in talks with lawmakers on $11 billion fund: Bloomberg

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/05/2019 | 05:46pm EDT
A PG&E truck carrying an American Flag drives past PG&E repair trucks in Paradise

(Reuters) - Troubled power utility company PG&E Corp has spoken to lawmakers for arranging about $11 billion fund to settle claims related to wildfires, Bloomberg reported on Wednesday.

The fund is expected to finance about $8 billion for settling wildfire claims between 2017 and 2018, besides setting aside another $3 billion for future claims, Bloomberg said, citing people familiar with the matter.

PG&E is in consultation with law firm Jones Day and boutique investment bank PJT Partners Inc, which are advising a group of PG&E's stakeholders, including Knighthead Capital Management, Redwood Capital Management and Abrams Capital Management.

These three shareholders collectively hold about 10% of the utility's stake.

PG&E declined to comment.

San Francisco-based PG&E sought Chapter 11 bankruptcy protection in January after facing liabilities of more than $30 billion in the wake of Camp Fire, California's deadliest and most destructive wildfire in recent times.

The Camp Fire killed more than 85 people, destroyed over 14,600 houses, mobile homes and other housing units, according to California's Department of Finance.

(Reporting By Shradha Singh in Bengaluru; Editing by James Emmanuel)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PG&E CORPORATION
12:45aPG&E : May Proactively Turn Off Power for Safety in Portions of Butte, El Dorado..
BU
09/20Distressed Debt Trading Overshadows Corporate Bond Market -- Update
DJ
09/20Distressed Debt Trading Overshadows Corporate Bond Market
DJ
09/20PG&E : Shares Off 6% After Bondholders, Wildfire Victims Ask to Present Chapter ..
DJ
09/20PG&E : Creditors Join Fire Victims
DJ
09/19PG&E : Bondholders Ally With Wildfire Victims to Propose New Bankruptcy Exit Pla..
DJ
09/19PG&E : Bondholders Ally With Wildfire Victims to Propose New Bankruptcy Exit Pla..
DJ
09/19PG&E : Bondholders Ally With Wildfire Victims to Propose New Bankruptcy Exit Pla..
DJ
09/18PG&E : Supports National Preparedness Month with Important Safety Reminders
BU
09/17PG&E CORP : Other Events (form 8-K)
AQ
More news
Financials (USD)
Sales 2019 17 781 M
EBIT 2019 3 437 M
Net income 2019 -598 M
Debt 2019 24 406 M
Yield 2019 -
P/E ratio 2019 -13,1x
P/E ratio 2020 7,82x
EV / Sales2019 1,72x
EV / Sales2020 2,07x
Capitalization 6 144 M
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
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Average target price 15,96  $
Last Close Price 11,61  $
Spread / Highest target 98,1%
Spread / Average Target 37,5%
Spread / Lowest Target -5,25%
EPS Revisions
Managers
NameTitle
John R. Simon Chief Executive Officer
Richard C. Kelly Independent Non-Executive Chairman
Jason P. Wells Chief Financial Officer & Senior Vice President
Richard A. Meserve Independent Director
Barbara L. Rambo Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
PG&E CORPORATION-51.12%6 144
NEXTERA ENERGY INC29.86%108 143
ENEL SPA31.15%73 557
DUKE ENERGY CORP10.39%69 414
DOMINION ENERGY INC.13.13%66 444
IBERDROLA32.12%64 894