PG&E Launches New Programs to Alleviate Customer Energy Bill Burden
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
Source: PRnewswire
- Funding Commitment: PG&E is committing $50 million in 2026 to assist customers with overdue energy bills through its REACH and Match My Payment programs, which is expected to significantly alleviate financial pressure on customers.
- Increased Credit Limits: Eligible customers under the REACH program can receive up to $800 in bill credits, a substantial increase from last year's $300 cap, aimed at assisting more families facing disconnection notices.
- Payment Matching Mechanism: The Match My Payment program allows customer payments to be matched dollar-for-dollar, up to $1,000, with multiple applications possible throughout the year, further enhancing customers' ability to pay their bills.
- Price Stabilization: PG&E reduced residential electric rates by 5% on January 1, 2026, resulting in an 11% decrease compared to January 2024, which not only eases monthly billing burdens but also reflects the company's commitment to stabilizing energy costs.
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Analyst Views on PCG
Wall Street analysts forecast PCG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PCG is 21.36 USD with a low forecast of 18.00 USD and a high forecast of 25.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
9 Buy
2 Hold
0 Sell
Strong Buy
Current: 14.930
Low
18.00
Averages
21.36
High
25.00
Current: 14.930
Low
18.00
Averages
21.36
High
25.00
About PCG
PG&E Corporation is a holding company. The Company's primary operating subsidiary is Pacific Gas and Electric Company (the Utility), a public utility operating in Northern and Central California. The Utility is engaged in the sale and delivery of electricity and natural gas to customers. The Utility generates electricity and provides electric transmission and distribution services throughout its service area in northern and central California to residential, commercial, industrial, and agricultural customers. The Utility provides electricity, transmission, and distribution services in its service area. The Utility owns approximately 18,000 circuit miles of interconnected transmission lines operating at voltages ranging from 60 kilovolts (kV) to 500 kV. The Utility also operates 33 electric transmission substations with a capacity of approximately 67,000 megavolt amperes (MVA). Customers can also obtain electricity from alternative providers such as municipalities (CCAs).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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