PG&E Corp. (NYSE: PCG ) shareholders have gotten several items of good news recently, but none of them are likely to satisfy income investors hoping for a higher yield.I am a 35-year stock market investor, MBA, and retired reporter and editor for the San Francisco Chronicle. My primary style is a mix of growth and income, with attention to special situations.Analyst’s Disclosure:I/we have a beneficial long position in the shares of PCG.PR.X, PCG either through stock ownership, options, or other derivatives. ...

PG&E Corporation (NYSE:PCG) ranks among the top picks for a retirement portfolio. With a stable outlook, Fitch Ratings raised PG&E Corporation (NYSE:PCG) from BB+ to investment grade “BBB-” on September 26. The improvement is in line with the company’s efforts to lower the risk of wildfires and the recent passage of California Senate Bill 254, which establishes a $18 billion continuing account to cover participating utilities’ catastrophic wildfire liabilities. In order to provide more liquidity to handl ...

人工智能的能源需求 - 人工智能是史上最耗电的技术，每次ChatGPT查询和模型更新都消耗巨大能量，其数据中心的耗电量堪比小型城市 [1][2] - 人工智能的能源需求正将全球电网推向极限，导致电网紧张和电价上涨 [1][2] - 行业领袖发出警告，人工智能的未来取决于能源突破，否则明年可能面临电力短缺 [2] 被忽视的投资机会 - 投资机会存在于为人工智能提供能源的基础设施领域，而非芯片或云平台本身 [3] - 一家鲜为人知的公司拥有关键的能源基础设施资产，将受益于人工智能数据中心爆发的电力需求 [3][6] - 该公司是人工智能能源热潮的“收费亭”运营商，能从每项出口业务中收取费用 [4][5] 公司的核心业务与优势 - 公司拥有关键的核能基础设施资产，处于美国下一代电力战略的核心位置 [7] - 公司是全球少数能跨石油、天然气、可再生燃料和工业基础设施执行大型复杂EPC项目的企业之一 [7] - 公司在美国液化天然气出口领域扮演关键角色，该行业预计将迎来爆发式增长 [5][7] 公司的财务状况 - 公司完全无负债，且持有大量现金，现金储备相当于其总市值的近三分之一 [8] - 剔除现金和投资后，公司交易市盈率不足7倍，估值极具吸引力 [10] - 公司还持有一家热门人工智能公司的巨额股权，为投资者提供间接的AI增长敞口 [9] 多重增长驱动力 - 公司业务与四大趋势紧密相连：人工智能基础设施超级周期、关税驱动的制造业回流热潮、美国液化天然气出口激增、以及核能领域的独特布局 [14] - 特朗普的“美国优先”能源政策及 proposed tariffs将推动制造业回流，公司将是重建和改造设施的首选 [5][7] - 核能作为清洁可靠的电力来源，是未来的发展方向，公司在此领域有独特优势 [7][14]

PresentationI would now like to turn the conference over to Jonathan Arnold, Vice President of Investor Relations. Jonathan, please begin.Ladies and gentlemen, thank you for standing by. My name is Krista, and I will be your conference operator today. At this time, I would like to welcome you to the PG&E Corporation Investor Update Conference Call. [Operator Instructions] Please note we have allotted 40 minutes for this conference call. Thank you.Jonathan ArnoldVice President of Investor Relations Good morn ...

PresentationI would now like to turn the conference over to Jonathan Arnold, Vice President of Investor Relations. Jonathan, please begin.Ladies and gentlemen, thank you for standing by. My name is Krista, and I will be your conference operator today. At this time, I would like to welcome you to the PG&E Corporation Investor Update Conference Call. [Operator Instructions] Please note we have allotted 40 minutes for this conference call. Thank you.Jonathan ArnoldVice President of Investor Relations Good morn ...

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About this content About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business outpu ...

U.S.-based utility PG&E Corp said on Monday it plans to spend $73 billion by 2030 for transmission upgrades to meet the data center-led surge in electricity demand. ...

PG&E (NYSE:PCG) Update / Briefing September 29, 2025 10:00 AM ET Company ParticipantsJonathan Arnold - VP - Investor RelationsPatricia Poppe - CEOCarolyn Burke - EVP & CFOShar Pourreza - MD & Head - North American Power, Infrastructure and UtilitiesAnthony Crowdell - Managing DirectorCarly Davenport - VP - Equity ResearchAidan Kelly - Equity Research AssociatePaul Fremont - MD - Equity ResearchConference Call ParticipantsRyan Levine - Equity AnalystSteve Fleishman - MD & Senior AnalystOperatorLadies and gen ...

业绩总结 - 2025年非GAAP核心每股收益（EPS）预期为1.48至1.52美元，较2024年增长10%[15] - PG&E公司预计2025年每股收益（EPS）在1.26美元至1.32美元之间[50] - 2026至2030年平均年率基增长约为9%[16] 财务数据 - 预计2025年客户账单将保持平稳或下降[16] - 预计2025年总率基预计为690亿美元，其中加州公共事业委员会（CPUC）为570亿美元，联邦能源监管委员会（FERC）为120亿美元[37] - 2025年计划实现20%的股息支付率[25] - 2025年资本结构中，长期债务占47.5%，优先股占0.5%，普通股占52%[32] - 预计不可回收的净利息为350至400百万美元[36] - 预计2025年非核心项目的非GAAP核心收益影响为470至510百万美元[36] 资本支出与投资 - 2026至2030年资本支出（CapEx）预计为730亿美元[18] - PG&E公司每年将为野火基金提供3亿美元的资金，直到2028年[40] - PG&E公司在2025年将为野火基金贡献的摊销费用约为3.4亿美元[54] 法律与和解费用 - PG&E公司在2025年与破产和法律相关的费用预计在6500万美元至2000万美元之间[56] - PG&E公司预计2020年Zogg火灾的和解费用约为6000万美元[58] - PG&E公司预计2019年Kincade火灾的相关费用为1.07亿美元[64] - PG&E公司预计2021年Dixie火灾的相关费用为1800万美元[64] - PG&E公司在2025年将为SB 901证券化的费用约为6000万美元[62] 未来展望 - PG&E公司预计2036年至2045年期间，客户年收费约为9亿美元，每月账单约为3美元[41]