Power company PG&E beats second-quarter profit estimates on higher rates

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PG&E News

Profit Estimates,Electricity Rates,Power Company

The company has benefited from increased electricity rates after the California Public Utilities Commission (CPUC) last year approved PG&E's infrastructure...

- Power company PG&E Corp beat second-quarter profit estimates on Thursday, helped by higher service rates.

The company, however, slashed its 2024 GAAP earnings forecast, citing costs related to unrecoverable interest expenses and wildfire liabilities. PG&E Corp is the parent organization of Pacific Gas and Electric Company, an energy utility that serves about 16 million people across a 70,000-square-mile area in Northern and Central California.Olympics 2024 LIVE: Andy Murray confirms he won’t play singles in Paris as first world record of Games set

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