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OFFON

PG&E CORPORATION

(PCG)
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PG&E : With Dry Offshore Winds Again in Forecast, PG&E Might Need to Proactively Turn Off Power for Safety to About 29,000 Customers Starting Early Thursday

10/13/2021 | 11:08am EST

SAN FRANCISCO - Pacific Gas and Electric Company (PG&E) meteorologists continue to monitor a potential weather system that could bring dry offshore winds to parts of Northern and Central California beginning in the early morning hours Thursday-the second such wind event this week.

Given this wind event, combined with extreme to exceptional drought and extremely dry vegetation, PG&E is sending two-day advance notifications to approximately 29,000 customers in small, targeted portions of 19 counties and four tribes where PG&E may need to implement a Public Safety Power Shutoff (PSPS) to reduce the risk of wildfire from energized power lines.

Customer notifications-via text, email and automated phone call-began today, two days prior to the potential shutoff. Customers can also look up their address online to find out if their location is being monitored for the potential safety shutoff at www.pge.com/pspsupdates.

Also today, PG&E continued patrolling lines de-energized during Monday's PSPS event and restoring power. All of the approximately 24,000 customers by this first event are expected to be restored by late tonight.

During a PSPS, PG&E offers support to customers by opening Community Resource Centers with snacks, water, and other essential items; partnering with community-based organizations to assist customers with medical and independent living needs and continuing to update our customers on power restoration status. Details about customer support programs are available at www.pge.com/pspsupdates.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California.

Contact:

Tel: 415-973-5930

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
PACIFIC GAS AND ELECTRIC COMPANY 1.86% 29.6424 Delayed Quote.-6.60%
PG&E CORPORATION -1.58% 11.81 Delayed Quote.-5.70%
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Financials (USD)
Sales 2021 19 782 M - -
Net income 2021 -176 M - -
Net Debt 2021 40 177 M - -
P/E ratio 2021 -117x
Yield 2021 -
Capitalization 23 447 M 23 447 M -
EV / Sales 2021 3,22x
EV / Sales 2022 2,95x
Nbr of Employees 24 000
Free-Float 74,2%
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Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 11,81 $
Average target price 14,54 $
Spread / Average Target 23,1%
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Managers and Directors
Patricia K. Poppe Chief Executive Officer & Director
Christopher A. Foster Chief Financial Officer & Executive Vice President
Robert C. Flexon Independent Non-Executive Chairman
Ajay Waghray Chief Information Officer & Senior Vice President
John R. Simon Executive VP, Chief Ethics & Compliance Officer
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