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PCG PR A - Pacific Gas And Electric Co News Story

$29.83 -0.5  -1.5%

Sector
Utilities
Size
Large Cap
Market Cap £5.73bn
Enterprise Value £31.70bn
Revenue £13.51bn
Position in Universe th / 6855

BRIEF-Pacific Gas And Electric Says SED Of CPUC, And CUE Jointly Submitted To CPUC A Proposed Settlement Agreement

Fri 4th October, 2019 5:11pm
Oct 4 (Reuters) - PG&E Corp  PCG.N :
    * PACIFIC GAS AND ELECTRIC - SED OF CPUC, AND CUE JOINTLY
SUBMITTED TO CPUC A PROPOSED SETTLEMENT AGREEMENT
    * PACIFIC GAS AND ELECTRIC CO - PURSUANT TO SETTLEMENT
AGREEMENT,
UTILITY AGREED TO A TOTAL FINANCIAL REMEDY OF $65 MILLION
    * PACIFIC GAS AND ELECTRIC CO - FINANCIAL REMEDY CONSISTS OF
A
FINE OF $5 MILLION TO BE PAID TO GENERAL FUND OF STATE OF
CALIFORNIA
    * PACIFIC GAS AND ELECTRIC CO - FINANCIAL REMEDY ALSO
CONSISTS OF
$60 MILLION IN SHAREHOLDER-FUNDED SYSTEM ENHANCEMENT INITIATIVES
    * PACIFIC GAS AND ELECTRIC - SUBMITTED PROPOSED SETTLEMENT
AGREEMENT RELATING TO ORDER INSTITUTING INVESTIGATION, SHOW
CAUSE INTO CO'S LOCATE, MARK PRACTICES
    * PACIFIC GAS AND ELECTRIC - UTILITY EXPECTS THAT SYSTEM
ENHANCEMENT SPENDING PURSUANT TO SETTLEMENT AGREEMENT WILL OCCUR
THROUGH 2022
    * PACIFIC GAS AND ELECTRIC - PARTIES WHO HAVE NOT JOINED
SETTLEMENT ARE PUBLIC ADVOCATES OFFICE OF CPUC, UTILITY REFORM
NETWORK
    * PACIFIC GAS AND ELECTRIC - PARTIES WHO HAVE NOT JOINED
SETTLEMENT ARE CPUC'S OFFICE OF SAFETY ADVOCATE, AND CITY AND
COUNTY OF SAN FRANCISCO
    * PACIFIC GAS AND ELECTRIC - SYSTEM ENHANCEMENTS WILL
INCLUDE
LOCATE AND MARK TICKET COMPLIANCE AUDITS TO VERIFY ACCURATE
CATEGORIZATION OF TIMELINESS
    * PACIFIC GAS AND ELECTRIC - SYSTEM ENHANCEMENTS INCLUDES
COMPLIANCE AUDITS USING FIELD REVIEWS OF GAS & ELECTRIC LOCATE,
MARK TICKETS TO ASSESS COMPLIANCE

Source: (https://bit.ly/2Ok79vV)
Further company coverage:  PCG.N 

 ((Reuters.Briefs@thomsonreuters.com;))
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