PG&E Prepares 5,500 Personnel for Winter Storms in California
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: PRnewswire
- Emergency Preparedness: PG&E has pre-positioned over 5,500 frontline workers and contractors in Northern and Central California ahead of strong winter storms to address potential power outages and ensure rapid restoration during the holiday period.
- Weather Forecast: The storms are expected to bring between 4 to 10 inches of rain and snow levels above 6,000 feet, with PG&E's meteorologist warning of widespread outage activity that could disrupt customers' holiday plans.
- Resource Allocation: The company has activated its Emergency Operations Center and is pre-deploying additional crews in areas anticipated to be most severely impacted, ensuring a swift response and service restoration during the storm.
- Customer Communication: PG&E has updated its online outage information center to provide customers with outage causes, crew status, and estimated restoration times, aiming to enhance customer experience and public safety awareness.
PCG
$15.895+Infinity%1D
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 21.45 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: 15.730
Low
18.00
Averages
21.45
High
25.00
Current: 15.730
Low
18.00
Averages
21.45
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.
