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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| PG&E Corporation | NYSE:PCG | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.17 | 0.97% | 17.74 | 17.74 | 17.51 | 17.67 | 11,983,076 | 01:00:00 |
From May 2019 to May 2024
By Josh Beckerman
PG&E Corp.'s (PCG) Pacific Gas & Electric Co. and Edison International's (EIX) Southern California Edison are seeking a higher return on equity as they deal with issues include wildfire risks, according to cost-of-capital proposals filed Monday.
Pacific Gas & Electric said it expects to fund up to $28 billion in energy infrastructure investments over the next four years. The utility's proposal filed with the California Public Utilities Commission calls for increasing return on equity to 16% from 10.25%.
Southern California Edison is seeking a 10.6% base return on common equity, compared with 10.3% currently, plus an additional ROE of 6% to "compensate investors for the higher risks associated with uncertain state policies for utility cost recovery and liability" from California's wildfires.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
April 22, 2019 19:43 ET (23:43 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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