Description
PG&E’s Mega Grid Plan Meets California’s Wildfire Liability Overhang!
PG&E Corporation reported core earnings per share of $0.43 for the first quarter of 2026, signaling a 10-cent increase from the same period in the prior year and positioning the company on track to meet its full-year guidance of $1.64 to $1.66 core EPS. This guidance, reaffirmed for 2026 as well as for the 2027-2030 period, anticipates double-digit core earnings growth with an annual increase of over 9%. The company’s financial strategy remains consistent, projecting no new equity issuance needs through 2030, while continuing a capital plan valued at $73 billion over five years, targeting investments that support system reliability, growth, and affordability. PG&E has made persistent efforts to improve affordability for its customers, highlighted by a cumulative 23% reduction in bundled electric rates for its most vulnerable residential customers and a 13% reduction for other residential users since January 2024.
