PCG

OAKLAND, Calif., July 27, 2026 /PRNewswire/ -- Pacific Gas and Electric Company (the "Company") today announced that it is increasing the Aggregate Maximum Tender Amount (as defined in the Offer to Purchase referred to below) for its previously announced cash tender offers ("Tender Offers") such that the aggregate purchase price for the Tender Offers will be increased from $1,000,000,000 to $1,200,000,000 of its outstanding 3.30% Senior Notes due December 1, 2027 (the "3.30% Senior Notes") and 2.10% First Mortgage Bonds due August 1, 2027 (the "2.10% First Mortgage Bonds" and, together with the 3.30% Senior Notes, the "Bonds" and, each series, a "series of Bonds"), subject to the order of priority (the "Acceptance Priority Levels" as set forth in the table in the Offer to Purchase).

OAKLAND, Calif., July 27, 2026 /PRNewswire/ -- Pacific Gas and Electric Company (the "Company") today announced the commencement of cash tender offers ("Tender Offers") to purchase up to an aggregate principal amount that will not result in an aggregate purchase price that exceeds $1,000,000,000 (subject to increase or decrease by the Company, the "Aggregate Maximum Tender Amount") of its outstanding 3.30% Senior Notes due December 1, 2027 (the "3.30% Senior Notes") and 2.10% First Mortgage Bonds due August 1, 2027 (the "2.10% First Mortgage Bonds" and, together with the 3.30% Senior Notes, the "Bonds" and, each series, a "series of Bonds"), subject to the order of priority (the "Acceptance Priority Levels" as set forth in the table below under "Acceptance Priority Level").

PG&E Corporation is reiterated as a buy due to a growing data-center pipeline, extended capital plan, and continued undervaluation. PCG's $73 billion capital plan through 2030, with 9% annual rate-base growth and no equity dilution, underpins a 9%+ EPS growth outlook. Near-term earnings visibility is strong, with Q2 core EPS up to $0.40 and reaffirmed 2026 guidance of $1.64–$1.66 per share.

Pacific Gas & Electric NYSE: PCG reaffirmed its 2026 earnings guidance and longer-term financial plan on its second-quarter earnings call, while executives emphasized that California wildfire liability reform remains a critical factor for the utility's capital plans and path to investment-grade credit ratings.

PG&E Corporation (PCG) Q2 2026 Earnings Call Transcript

PCG beats Q2 earnings estimates as expanding data center demand and lower operating expenses help offset a revenue miss.

PG&E (PCG) came out with quarterly earnings of $0.4 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.31 per share a year ago.

PG&E recorded a profit of $761 million in the second quarter on flat revenue as its costs declined.

OAKLAND, Calif., July 23, 2026 /PRNewswire/ -- PG&E Corporation (NYSE: PCG) is on track to deliver solid financial results in 2026.

$72 in Total Residential Electric Credits Applied Across August and September Bills OAKLAND, Calif., July 20, 2026 /PRNewswire/ -- Over the next two months, millions of residential Pacific Gas and Electric Company (PG&E) customers will see two California Climate Credits automatically applied to their summer energy bills.