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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 | |
---|---|---|---|---|---|---|---|---|
0.04 | 0.23% | 17.57 | 17.85 | 17.425 | 17.74 | 12,844,878 | 01:00:00 |
PG&E Continues to Monitor Weather Conditions; No Equipment-Related Fires Reported
Executes Final Wave of Safety Turnoffs in Kern County, Impacting Approximately 4,000 Customers
On Thursday morning, October 10, Pacific Gas and Electric Company (PG&E) reported that improving weather conditions in some parts of the areas affected by the Public Safety Power Shutoff (PSPS) have allowed for safety inspections, repairs and restoration in some areas to begin. Approximately 126,000 customers were restored by 6 a.m. Thursday.
There are still currently approximately 600,000 customers without power as a result of the PSPS event, which began on early Wednesday.
Updates
“We faced a choice between hardship or safety, and we chose safety. We deeply apologize for the inconvenience and the hardship, but we stand by the decision because the safety of our customers and communities must come first,” said Michael Lewis, Senior Vice President, Electric Operations.
Weather Updates
Dangerous weather conditions are expected to continue in parts of the Sierra Foothills and Bay Area until midday Thursday. Similar conditions in Kern County are beginning late morning Thursday and lasting through midday Friday.
For restoration to begin, the company must inspect its affected equipment to ensure no damage has occurred to its equipment. As of 10 a.m., the company has not issued an “all clear” for the Bay Area. Inspection patrols take place during daytime hours.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 20,000 employees, the company delivers some of the nation’s cleanest energy to 16 million people in Northern and Central California. For more information, visit www.pge.com and www.pge.com/news.
View source version on businesswire.com: https://www.businesswire.com/news/home/20191010005752/en/
Media Relations 415.973.5930
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