Business
PG&E Corporation Reports First Quarter 2026 Results; On Track to Deliver Solid 2026; Bundled Residential Electric Rates Now Down 23% since 2024 for Most Vulnerable Customers
PG&E Corporation (NYSE: PCG) is on track to deliver solid financial results in 2026. Financial progress includes:
About this update from Pacific Gas & Electric Co.
[{"type":"text","content":"OAKLAND, Calif., April 23, 2026 /PRNewswire/ -- PG&E Corporation (NYSE: PCG) is on track to deliver solid financial results in 2026. Financial progress includes:","length":170,"tagName":"p"},{"type":"image","alt":"PG&E Corporation Logo (PRNewsfoto/PG&E Corporation)","displaySize":"","headline":null,"caption":"PG&E Corporation Logo (PRNewsfoto/PG&E Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":77,"url":"https://media.zenfs.com/en/prnewswire.com/eed94abe1b068f6e645eb4682d735911"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/DpnNGqDZ6oY.X5szVY58Ww--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTEzNg--/https://media.zenfs.com/en/prnewswire.com/eed94abe1b068f6e645eb4682d735911","width":400,"height":77}},"href":"https://mma.prnewswire.com/media/820676/PG_and_E_Corporation_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"list","items":[{"val":[{"type":"text","content":"GAAP earnings were $0.39 per share for the first quarter of 2026, compared to $0.28 per share for the same period in 2025.","length":122,"tagName":"p"}]},{"val":[{"type":"text","content":"Non-GAAP core earnings were $0.43 per share for the first quarter of 2026, compared to $0.33 per share for the same period in 2025.","length":131,"tagName":"p"}]},{"val":[{"type":"text","content":"Full year 2026 non-GAAP core EPS guidance reaffirmed at $1.64 to $1.66 per share.[1]","length":84,"tagName":"p"}]},{"val":[{"type":"text","content":"On track to meet 2-4% non-fuel operating and maintenance (O&M) cost reduction target.","length":89,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":426,"olType":false},{"type":"text","content":"Operational progress during the first quarter of 2026 continued to focus on delivering safe, reliable, affordable, and clean energy to customers. Pacific Gas and Electric Company (PG&E or the Utility):","length":205,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Lowered residential bundled electric rates for the fifth time – reducing these rates 23% for PG&E's most vulnerable customers served under the CARE program, and 13% for other customers – since January 2024.","length":214,"tagName":"p"}]},{"val":[{"type":"text","content":"Received approval from the U.S. Nuclear Regulatory Commission (NRC) on Diablo Canyon Power Plant's l...