PG&E crew works to string a new transmission line in Menlo Park, work that forced a shutdown of U.S. Highway 101, February 2023.OAKLAND — PG&E profits hopped higher in the first three months of 2024, a first-quarter financial picture that was brightened by a state regulatory decision last fall to approve higher monthly bills.
For the January-through-March first quarter of 2024, PG&E captured $732 million in profits, up 28.6% from $569 million in earnings for the same quarter last year. Electricity revenue totaled $4.05 billion during the first three months of 2024, down 1.6% from the first quarter of last year.
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