P G & E Corp. (NY: PCG)
Streaming Delayed Price  /  Updated: 6:40 PM EDT, Apr 17, 2014  /  Add to My Watchlist      
(PCG) Community Analysis from
April 19, 2014
(Stock Blog Hub, 5/2/13)
PG&E Corporation’s (PCG) adjusted operating earnings per share of 63 cents in the first quarter of 2013 fell short of the Zacks Consensus Estimate of 70 cents. The reported figure also came in below...(read more)
(Stock Blog Hub, 3/1/13)
PG&E Corporation’s (PCG) operating earnings per share of 59 cents in the fourth quarter of full year 2012 beat the Zacks Consensus Estimate of 58 cents. However this came below the year-ago...(read more)
(Venture Chronicles, 12/3/12)
A few weeks ago I wrote about the consequences of services dependent upon electronic components that have a tendency to become unavailable in an emergency. It's a fairly simple thesis, we...(read more)
Pacific Gas & Electric (PCG) Company Overview

PG&E Corp (NYSE: PCG) is an energy holding company whose primary subsidiary is the regulated utility, Pacific Gas and Electric. PG&E operates in 47 of 58 Northern and Central Californian counties and provides electricity and gas to over 9 million customers. As a regulated utility, PG&E has very little competition and a strong customer base. In 2009, it had 5.1 million electricity distribution customers, and 4.3 million natural gas distribution customers. Its business is stable and relatively low-risk because the utility can rely on a consistent customer base who pay rates determined by the state utilities commission.

Ultimately, PG&E’s future is inextricably tied to its relationship with the California Public Utilities Commission (CPUC). The CPUC is responsible for setting most of the regulations that govern PG&E’s business—most importantly the rates it is able to charge customers. In 2000, the CPUC set rates so low PG&E couldn’t turn a profit, which forced them into bankruptcy and contributed to the state-wide energy crisis. Since then, PG&E and the CPUC have had a better relationship, due in part to residual fears of another crisis. However, PG&E has to renegotiate its “rate-case” in 2011, so it is unclear how long the current trend will last.

(Read more at Wikinvest )

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