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PCG PR A - Pacific Gas And Electric Co News Story

$31 1.0  3.3%

Sector
Utilities
Size
Large Cap
Market Cap £5.70bn
Enterprise Value £31.80bn
Revenue £13.58bn
Position in Universe th / 6847

BRIEF-Pg&E Says On Dec 19, Cpuc Approved Revised Proposed Decision, Maintaining Utility’S Roe For 3-Year Period Beginning Jan 1, 2020 At 10.25%

Thu 19th December, 2019 8:59pm
Dec 19 (Reuters) - PG&E Corp  PCG.N :
    * PG&E SAYS ON DEC 19, CPUC APPROVED REVISED PROPOSED
DECISION,
MAINTAINING UTILITY’S ROE FOR 3-YEAR PERIOD BEGINNING JAN 1,
2020 AT 10.25% -SEC FILING
    * PG&E - CPUC DECISION MAINTAINS COMMON EQUITY COMPONENT OF
UTILITY’S CAPITAL STRUCTURE AT 52%, AS REQUESTED BY UTILITY
    * PG&E - CPUC DECISION REDUCES ITS PREFERRED STOCK COMPONENT
FROM
1% TO 0.5%, ALSO AS REQUESTED BY UTILITY
    * PG&E - CPUC DECISION ALSO APPROVES THE COST OF DEBT
REQUESTED BY
THE UTILITY
    * PG&E - UTILITY HAD REQUESTED RETURN ON COMMON EQUITY FOR
THREE-YEAR PERIOD BEGINNING JAN 1, 2020 AT 12%

Source text - (http://bit.ly/35R9m7O)
Further company coverage:  PCG.N 

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