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PG&E Corp (PCG.N)

PCG.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Appaloosa LP Takes Share Stake In Amazon
Wednesday, 15 May 2019 

May 15 (Reuters) - Appaloosa LP::APPALOOSA LP TAKES SHARE STAKE IN AMAZON.APPALOOSA LP UPS SHARE STAKE IN PG&E TO 23.1 MILLION SHARES.APPALOOSA LP DISSOLVES SHARE STAKE IN NRG ENERGY INC - SEC FILING.APPALOOSA LP TAKES SHARE STAKE OF 165,000 SHARES IN AMAZON - SEC FILING.APPALOOSA LP: CHANGE IN HOLDINGS ARE AS OF MARCH 31, 2019 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF DECEMBER 31, 2018.  Full Article

Pg&E Says Co's Utility Filed Application With FERC Requesting Revisions To Its To20 Rate Case Formula Rate Model
Thursday, 9 May 2019 

May 9 (Reuters) - PG&E Corp ::PG&E CORP - ON MAY 9, 2019, CO'S UTILITY FILED AN APPLICATION WITH FERC REQUESTING REVISIONS TO ITS TO20 RATE CASE FORMULA RATE MODEL - SEC FILING.PG&E CORP - REQUESTING REVISIONS TO TO20 RATE CASE FORMULA RATE MODEL TO REMOVE IMPACT OF NON-CASH CHARGE ON RATIO OF COMMON EQUITY TO TOTAL CAPITAL.  Full Article

PG&E Says Utility Submitted Request To FERC To Exclude Wildfire Charge From Capital Structure
Thursday, 9 May 2019 

May 9 (Reuters) - PG&E Corp ::PG&E - UTILITY SUBMITTED REQUEST TO FERC TO EXCLUDE WILDFIRE CHARGE FROM CAPITAL STRUCTURE FOR CALCULATING ALLOWANCE FOR FUNDS USED DURING CONSTRUCTION EFFECTIVE JAN 1.  Full Article

Clearway Energy Declares Quarterly Dividend Of $0.20 Per Share In Q2
Tuesday, 7 May 2019 

May 7 (Reuters) - Clearway Energy Inc CWENA.N::DECLARED QUARTERLY DIVIDEND OF $0.20 PER SHARE IN Q2 2019.MAINTAINING 2019 CAFD GUIDANCE.QTRLY LOSSES PER WEIGHTED AVERAGE CLASS A AND CLASS C COMMON SHARE $0.18.QTRLY TOTAL OPERATING REVENUES $217 MILLION VERSUS $225 MILLION.AS OF MAY 6, 2019, PG&E HAS NEITHER ASSUMED, REJECTED, OR SOUGHT TO RENEGOTIATE ANY OF ITS CONTRACTS WITH COMPANY.Q1 EARNINGS PER SHARE VIEW $0.15, REVENUE VIEW $249.8 MILLION -- REFINITIV IBES DATA.  Full Article

PG&E Says SEC Is Investigating On Disclosures, Accounting For Losses Related To 2017, 2018 California Wildfires, 2015 Butte Fire
Thursday, 2 May 2019 

May 2 (Reuters) - PG&E Corp ::PG&E-ON MARCH 20, LEARNED SEC IS INVESTIGATING ON DISCLOSURES, ACCOUNTING FOR LOSSES RELATED TO 2017, 2018 CALIFORNIA WILDFIRES, 2015 BUTTE FIRE.  Full Article

Consolidated Edison Inc Reports Qtrly Total Operating Revenues Of $3,514 Mln Versus $3,364 Mln
Thursday, 2 May 2019 

May 2 (Reuters) - Consolidated Edison Inc ::CONSOLIDATED EDISON INC QTRLY TOTAL OPERATING REVENUES $3,514 MILLION VERSUS $3,364 MILLION.CONSOLIDATED EDISON - AT MARCH 31, 2019, CON EDISON’S CONSOLIDATED BALANCE SHEET INCLUDED $859 MILLION OF NET NON-UTILITY PLANT RELATING TO PG&E PROJECTS.CONSOLIDATED EDISON - AT MARCH 31, CO’S CONSOLIDATED BALANCE SHEET INCLUDED $1,108 MILLION OF INTANGIBLE ASSETS RELATING TO PG&E POWER PURCHASE AGREEMENTS.CONSOLIDATED EDISON - AT MARCH 31, CO’S CONSOLIDATED BALANCE SHEET INCLUDED $1,041 MILLION OF NON-RECOURSE RELATED PROJECT DEBT.  Full Article

PG&E Says Sees Chapter 11-Related Costs Of About $360 Mln To About $430 Mln In 2019
Thursday, 2 May 2019 

May 2 (Reuters) - PG&E Corp ::PG&E SAYS SEES CHAPTER 11-RELATED COSTS OF ABOUT $360 MILLION TO ABOUT $430 MILLION IN 2019 - PRESENTATION.  Full Article

PG&E Corp Qtrly Earnings Were $0.25 Per Share
Thursday, 2 May 2019 

May 2 (Reuters) - PG&E Corp ::QTRLY GAAP EARNINGS WERE $0.25 PER SHARE.NON-GAAP EARNINGS FROM OPERATIONS WERE $1.04 PER SHARE FOR THE FIRST QUARTER OF 2019.NOT PROVIDING GUIDANCE FOR 2019 GAAP EARNINGS & NON-GAAP EARNINGS FROM OPERATIONS DUE TO CONTINUING UNCERTAINTY RELATED TO 2018 CAMP FIRE.QTRLY TOTAL OPERATING REVENUES $4,011 MILLION VERSUS $4,056 MILLION.QTRLY GAAP RESULTS INCLUDE ITEMS NOT CONSIDERED PART OF NORMAL, ONGOING OPERATIONS, WHICH WERE $410 MILLION AFTER-TAX, OR $0.79/SHARE, FOR THE QUARTER.Q1 EARNINGS PER SHARE VIEW $0.90, REVENUE VIEW $4.17 BILLION -- REFINITIV IBES DATA.PROVIDING 2019 IIC GUIDANCE OF $1.0 BILLION TO $1.4 BILLION AFTER-TAX FOR COSTS RELATED TO ENHANCED AND ACCELERATED ELECTRIC ASSET INSPECTIONS.QTRLY CHAPTER 11-RELATED COSTS OF $97 MILLION.  Full Article

Berkshire Hathaway not buying PG&E, Warren Buffett says- CNBC
Wednesday, 24 Apr 2019 

April 24 (Reuters) - :BERKSHIRE IS NOT BUYING PG&E- CNBC.BERKSHIRE HATHAWAY IS NOT BUYING PG&E, WARREN BUFFETT SAYS - CNBC.  Full Article

Moody's Says PG&E Could Create Financial Headroom By Rejecting PPAs
Monday, 1 Apr 2019 

April 1 (Reuters) - MOODY'S::MOODY'S SAYS PG&E COULD CREATE FINANCIAL HEADROOM BY REJECTING PPAS, BUT HONORING THEM IS A QUICKER PATH THROUGH BANKRUPTCY.MOODY'S SAYS PG&E COULD SAVE AN ESTIMATED $1.4 BILLION ANNUALLY BY REJECTING ITS ABOVE-MARKET POWER PURCHASE AGREEMENTS.MOODY'S SAYS PROSPECT OF CONTRACT REJECTIONS BY PG&E FACE CONSIDERABLE OPPOSITION FROM LEGISLATORS, REGULATORS.MOODY'S SAYS IF PG&E REJECTS CONTRACTS, IT COULD PUT CALIFORNIA'S RENEWABLE ENERGY GOALS IN JEOPARDY.MOODY'S SAYS LOGISTICAL CONSTRAINTS OF PG&E'S BANKRUPTCY COMPLICATES POTENTIAL REJECTION AS NUMEROUS PARTIES INFLUENCE THROUGHOUT REORGANIZATION PROCESS.  Full Article

U.S. judge approves PG&E $105 million wildfire assistance fund

SAN FRANCISCO, May 22 PG&E Corp may set up a $105 million housing fund for victims of 2017 and 2018 wildfires in California, which set records for devastation and were blamed on the utility's equipment, the judge overseeing the investor-owned power producer's bankruptcy ruled on Wednesday.