PG&E Corp., the parent company of Pacific Gas and Electric Co., reported Thursday that it nearly doubled its profit in the second quarter, the result of rate hikes approved by California regulators.The first decision, issued in June of 2016, increased PG&E’s rates related to natural gas storage and transmission.The increase in gas rates provoked a public outcry during the winter, when consistently cold, wet weather forced homeowners to crank up their furnaces and burn more natural gas.
NYS Entity Status
NYS Filing Date
OCTOBER 17, 2013
NYS DOS ID#
NYS Entity Type
DOMESTIC BUSINESS CORPORATION
2013 - PACIFIC GAS EXPRESS CORP.
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fires PG&E warning to investors PG&E Corp. has about $800 million in insurance to cover claims in case its subsidiary Pacific Gas and Electric Co. is found liable for any Northern California fires, the company reported Friday in a regulatory filing. The filing with the U.S. Securities and Exchange Commission noted that though the cause of the fires has not been determined, state fire officials are investigating whether PG&E’s power lines played a role. PG&E Corp. stock has dropped about 23 percent since the fires erupted on Oct. 8, closing Monday at $53.43. Moody’s Economy.
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