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PCG PR A - Pacific Gas And Electric Co News Story

$30.29 -0.7  -2.3%

Sector
Utilities
Size
Large Cap
Market Cap £5.90bn
Enterprise Value £32.03bn
Revenue £13.60bn
Position in Universe th / 6850

BRIEF-PG&E - CPUC Settlement Proposes Utility's 2019 Revenue Requirement Of $8.5 Bln Be Risen To $9.1 Bln

Fri 20th December, 2019 10:42pm
Dec 20 (Reuters) - PG&E Corp  PCG.N :
    * PG&E - SETTLEMENT AGREEMENT WITH CPUC PROPOSES UTILITY'S
2019
AUTHORIZED REVENUE REQUIREMENT OF $8.5 BILLION BE RISEN BY $575
MILLION, EFFECTIVE JAN 1 TO $9.1 BILLION
    * PG&E - SETTLEMENT AGREEMENT PROPOSES 2020 WEIGHTED AVERAGE
RATE
BASE OF ABOUT $29.4 BILLION FOR PORTIONS OF UTILITY'S BUSINESS
REVIEWED IN GRC
    * PG&E CORP - UTILITY CURRENTLY IS EVALUATING CAPITAL
EXPENDITURE
ASSUMPTIONS
    * PG&E CORP - AGREEMENT PROPOSES OVERALL REVENUE REQUIREMENT
INCREASES FOR 2021 & 2022, IT DOES NOT SPECIFY CAPITAL
EXPENDITURES FOR THOSE YEARS
    * PG&E - FROM 2020-2022, SETTLEMENT GIVES AVERAGE ANNUAL
CAPITAL
INVESTMENTS OF ABOUT $4.6 BILLION IN ELECTRIC, NATURAL GAS
DISTRIBUTION, GENERATION INFRASTRUCTURE

Source text for Eikon: https://bit.ly/2sKLR1V
Further company coverage:  PCG.N 

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