PG&E Provides Resources to Help Households Manage Summer Cooling Costs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: PRnewswire
- Cooling Cost Management: PG&E anticipates above-average temperatures this summer, with households spending up to $29 billion annually on air conditioning, prompting the company to provide resources to help customers lower energy costs while ensuring safety and comfort.
- Energy-Saving Tools and Programs: The introduction of ENERGY STAR® smart thermostats can save California customers between $50 and $78 per year, while the Automated Response Technology (ART) program adjusts energy use during peak demand, enabling effective energy management for customers.
- Budget Billing and Bill Forecasting: Customers can evenly spread their annual energy costs through the Budget Billing program and sign up for Bill Forecast Alerts at no cost, allowing them to receive notifications if their bills exceed a set amount, thus avoiding unexpected expenses.
- Income-Eligible Assistance Programs: PG&E offers a Medical Baseline program for eligible customers, ensuring those with medical needs receive additional energy allotments and priority shutoff notifications, thereby alleviating financial burdens for vulnerable populations.
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Analyst Views on PCG
Wall Street analysts forecast PCG stock price to rise
11 Analyst Rating
9 Buy
2 Hold
0 Sell
Strong Buy
Current: 16.790
Low
18.00
Averages
21.36
High
25.00
Current: 16.790
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.
PG&E Provides Resources to Help Households Manage Summer Cooling Costs
- Cooling Cost Management: PG&E anticipates above-average temperatures this summer, with households spending up to $29 billion annually on air conditioning, prompting the company to provide resources to help customers lower energy costs while ensuring safety and comfort.
- Energy-Saving Tools and Programs: The introduction of ENERGY STAR® smart thermostats can save California customers between $50 and $78 per year, while the Automated Response Technology (ART) program adjusts energy use during peak demand, enabling effective energy management for customers.
- Budget Billing and Bill Forecasting: Customers can evenly spread their annual energy costs through the Budget Billing program and sign up for Bill Forecast Alerts at no cost, allowing them to receive notifications if their bills exceed a set amount, thus avoiding unexpected expenses.
- Income-Eligible Assistance Programs: PG&E offers a Medical Baseline program for eligible customers, ensuring those with medical needs receive additional energy allotments and priority shutoff notifications, thereby alleviating financial burdens for vulnerable populations.
See More
PG&E Launches Summer Energy Savings Programs
- Summer Energy Initiative: PG&E anticipates above-average temperatures this summer, encouraging customers to utilize energy-saving tools and discounts to help households reduce the approximately $29 billion spent annually on air conditioning, thereby alleviating financial burdens.
- Smart Thermostat Technology: By promoting ENERGY STAR® smart thermostats, customers can save between $50 and $78 annually, while PG&E's Automated Response Technology (ART) adjusts energy use during peak demand, enhancing energy management efficiency.
- Budget Billing Program: PG&E's budget billing program helps customers spread energy costs evenly throughout the year, preventing bill shocks, while providing bill forecast alerts to notify customers when their bills exceed set amounts, thereby enhancing financial control.
- Low-Income Assistance Programs: PG&E offers various assistance programs for low-income customers, including monthly discounts of 20% to 35% on electricity and one-time bill credits of up to $800, aimed at helping these households better manage energy costs and improve their quality of life.
See More
PG&E Shares Drop Amid Fire Safety Shutdown Warning
- Stock Movement: PG&E (PCG) shares fell 3.7% on Monday after the utility warned of potential public safety power shutoffs in eight northern California counties due to elevated fire risks, indicating market concerns over the company's fire risk management capabilities.
- Shutdown Risk Assessment: While PG&E noted little risk of shutoffs on Monday and Tuesday, the potential for outages on Wednesday through Friday reflects the company's heightened vigilance regarding fire hazards, which could impact customer confidence and the company's reputation.
- Weather Alerts: The company stated that a Fire Weather Watch is in effect across the Sacramento Valley from Wednesday morning through Thursday afternoon, with wind speeds expected to reach 15-25 MPH and gusts up to 30-45 MPH, increasing the likelihood of fire incidents and further complicating the company's operational risks.
- Decision-Making Mechanism: PG&E emphasized that while alerts are issued at the county level, specific public safety shutoff decisions are made at more granular levels, meaning that certain areas may be affected while others are not, showcasing the company's flexibility in responding to complex weather conditions.
See More
PG&E and California Fire Foundation Launch Wildfire Safety Grant Program
- Increased Funding: PG&E and the California Fire Foundation (CFF) are providing $1.8 million for wildfire safety and preparedness programs, significantly up from last year's $950,000, demonstrating a strong commitment to enhancing community wildfire prevention capabilities.
- Application Timeline: Grant applications are accepted from June 8 to July 8, 2026, with award notifications starting on August 10, ensuring that communities receive essential support and resources ahead of the upcoming peak wildfire season.
- Historical Funding Record: Since 2018, CFF has awarded 431 grants to fire departments and community organizations statewide, totaling $12.25 million, focusing on high fire-risk communities within PG&E's service area, thereby strengthening local wildfire prevention and preparedness efforts.
- Multilingual Outreach: The program develops and disseminates fire safety messaging in multiple languages, including Spanish, Chinese, Hmong, and Vietnamese, utilizing outdoor advertising and digital media to enhance public awareness of fire safety, ensuring that diverse communities receive critical information.
See More
PG&E Surpasses One Million Solar Customers, Paving the Way for Clean Energy Future
- Customer Solar Milestone: PG&E announced that it has connected over one million customer solar systems to its grid, making it the largest utility in the U.S., marking a significant advancement in California's clean energy landscape and expected to further drive renewable energy adoption and policy support.
- Rapid Solar Installations Growth: Between 2020 and 2025, PG&E achieved over 500,000 new solar interconnections, with more than 70,000 installations annually in the past two years, reflecting strong customer demand for clean energy and market potential.
- Expansion of Virtual Power Plants: PG&E collaborated with companies like Sunrun to successfully conduct the largest demand response test in history, demonstrating that customer-owned batteries can deliver 535 megawatts of electricity during peak demand, highlighting the critical role customers play in grid operations.
- Future Energy System: PG&E is advancing the integration of solar and storage, aiming to build a smarter and more resilient grid that ensures safe and reliable two-way power flows, thereby enhancing the overall efficiency and reliability of the energy system.
See More
PG&E Surpasses One Million Solar Customers, Leading Clean Energy Transition
- Customer Solar Milestone: PG&E announced that it has surpassed one million solar customers connected to its grid, becoming the largest solar utility in the U.S., marking a significant moment in California's clean energy transition and expected to further drive renewable energy adoption.
- Rapid Growth Trend: From 2020 to 2025, PG&E achieved over 500,000 new solar interconnections, with more than 70,000 installations annually, reflecting strong customer demand for clean energy and the effectiveness of supportive policies.
- Virtual Power Plant Innovation: PG&E collaborated with companies like Sunrun to successfully conduct the largest demand response test in history, demonstrating that customer-owned batteries can quickly respond during peak demand, delivering 535 megawatts of electricity and highlighting the crucial role of customers in grid operations.
- Future Development Direction: PG&E is advancing the integration of solar and storage, aiming to build a smarter, more resilient grid that ensures safety and reliability while expanding access to clean energy for renters and underserved communities.
See More
PG&E Provides Resources to Help Households Manage Summer Cooling Costs
- Cooling Cost Management: PG&E anticipates above-average temperatures this summer, with households spending up to $29 billion annually on air conditioning, prompting the company to provide resources to help customers lower energy costs while ensuring safety and comfort.
- Energy-Saving Tools and Programs: The introduction of ENERGY STAR® smart thermostats can save California customers between $50 and $78 per year, while the Automated Response Technology (ART) program adjusts energy use during peak demand, enabling effective energy management for customers.
- Budget Billing and Bill Forecasting: Customers can evenly spread their annual energy costs through the Budget Billing program and sign up for Bill Forecast Alerts at no cost, allowing them to receive notifications if their bills exceed a set amount, thus avoiding unexpected expenses.
- Income-Eligible Assistance Programs: PG&E offers a Medical Baseline program for eligible customers, ensuring those with medical needs receive additional energy allotments and priority shutoff notifications, thereby alleviating financial burdens for vulnerable populations.
See More
PG&E Launches Summer Energy Savings Programs
- Summer Energy Initiative: PG&E anticipates above-average temperatures this summer, encouraging customers to utilize energy-saving tools and discounts to help households reduce the approximately $29 billion spent annually on air conditioning, thereby alleviating financial burdens.
- Smart Thermostat Technology: By promoting ENERGY STAR® smart thermostats, customers can save between $50 and $78 annually, while PG&E's Automated Response Technology (ART) adjusts energy use during peak demand, enhancing energy management efficiency.
- Budget Billing Program: PG&E's budget billing program helps customers spread energy costs evenly throughout the year, preventing bill shocks, while providing bill forecast alerts to notify customers when their bills exceed set amounts, thereby enhancing financial control.
- Low-Income Assistance Programs: PG&E offers various assistance programs for low-income customers, including monthly discounts of 20% to 35% on electricity and one-time bill credits of up to $800, aimed at helping these households better manage energy costs and improve their quality of life.
See More
PG&E Shares Drop Amid Fire Safety Shutdown Warning
- Stock Movement: PG&E (PCG) shares fell 3.7% on Monday after the utility warned of potential public safety power shutoffs in eight northern California counties due to elevated fire risks, indicating market concerns over the company's fire risk management capabilities.
- Shutdown Risk Assessment: While PG&E noted little risk of shutoffs on Monday and Tuesday, the potential for outages on Wednesday through Friday reflects the company's heightened vigilance regarding fire hazards, which could impact customer confidence and the company's reputation.
- Weather Alerts: The company stated that a Fire Weather Watch is in effect across the Sacramento Valley from Wednesday morning through Thursday afternoon, with wind speeds expected to reach 15-25 MPH and gusts up to 30-45 MPH, increasing the likelihood of fire incidents and further complicating the company's operational risks.
- Decision-Making Mechanism: PG&E emphasized that while alerts are issued at the county level, specific public safety shutoff decisions are made at more granular levels, meaning that certain areas may be affected while others are not, showcasing the company's flexibility in responding to complex weather conditions.
See More
PG&E and California Fire Foundation Launch Wildfire Safety Grant Program
- Increased Funding: PG&E and the California Fire Foundation (CFF) are providing $1.8 million for wildfire safety and preparedness programs, significantly up from last year's $950,000, demonstrating a strong commitment to enhancing community wildfire prevention capabilities.
- Application Timeline: Grant applications are accepted from June 8 to July 8, 2026, with award notifications starting on August 10, ensuring that communities receive essential support and resources ahead of the upcoming peak wildfire season.
- Historical Funding Record: Since 2018, CFF has awarded 431 grants to fire departments and community organizations statewide, totaling $12.25 million, focusing on high fire-risk communities within PG&E's service area, thereby strengthening local wildfire prevention and preparedness efforts.
- Multilingual Outreach: The program develops and disseminates fire safety messaging in multiple languages, including Spanish, Chinese, Hmong, and Vietnamese, utilizing outdoor advertising and digital media to enhance public awareness of fire safety, ensuring that diverse communities receive critical information.
See More
PG&E Surpasses One Million Solar Customers, Paving the Way for Clean Energy Future
- Customer Solar Milestone: PG&E announced that it has connected over one million customer solar systems to its grid, making it the largest utility in the U.S., marking a significant advancement in California's clean energy landscape and expected to further drive renewable energy adoption and policy support.
- Rapid Solar Installations Growth: Between 2020 and 2025, PG&E achieved over 500,000 new solar interconnections, with more than 70,000 installations annually in the past two years, reflecting strong customer demand for clean energy and market potential.
- Expansion of Virtual Power Plants: PG&E collaborated with companies like Sunrun to successfully conduct the largest demand response test in history, demonstrating that customer-owned batteries can deliver 535 megawatts of electricity during peak demand, highlighting the critical role customers play in grid operations.
- Future Energy System: PG&E is advancing the integration of solar and storage, aiming to build a smarter and more resilient grid that ensures safe and reliable two-way power flows, thereby enhancing the overall efficiency and reliability of the energy system.
See More
PG&E Surpasses One Million Solar Customers, Leading Clean Energy Transition
- Customer Solar Milestone: PG&E announced that it has surpassed one million solar customers connected to its grid, becoming the largest solar utility in the U.S., marking a significant moment in California's clean energy transition and expected to further drive renewable energy adoption.
- Rapid Growth Trend: From 2020 to 2025, PG&E achieved over 500,000 new solar interconnections, with more than 70,000 installations annually, reflecting strong customer demand for clean energy and the effectiveness of supportive policies.
- Virtual Power Plant Innovation: PG&E collaborated with companies like Sunrun to successfully conduct the largest demand response test in history, demonstrating that customer-owned batteries can quickly respond during peak demand, delivering 535 megawatts of electricity and highlighting the crucial role of customers in grid operations.
- Future Development Direction: PG&E is advancing the integration of solar and storage, aiming to build a smarter, more resilient grid that ensures safety and reliability while expanding access to clean energy for renters and underserved communities.
See More
