Recent Updates — PCG

PG&E Corporation reported third-quarter 2026 GAAP earnings of $0.34 per diluted share and non-GAAP core earnings of $0.41 per diluted share, compared to $0.50 in the prior-year period. The decrease was driven by lower CPUC return on equity, one-time tax methodology impacts, and increased Wildfire Fund expense. Management reaffirmed its full-year 2026 non-GAAP core EPS guidance of $1.64 to $1.66 per share and 2027 guidance of $1.78 to $1.82 per share. The company is on track to meet its 2-4% non-fuel operating cost reduction target and has implemented a previously announced $2 billion reduction to its 2027 capital plan. PG&E Corporation operates as a holding company for Pacific Gas and Electric Company, an energy utility serving Northern and Central California.

Pacific Gas and Electric Company and PG&E Corporation entered into Amendment No. 6 to their respective revolving credit agreements to extend maturity dates and increase commitments. The Utility Revolving Credit Agreement maturity was extended to June 20, 2031, and commitments were increased from $5.4 billion to $6.25 billion. The Corporation Revolving Credit Agreement maturity was extended to June 22, 2029, and included new collateral release terms based on credit ratings and secured indebtedness levels. PG&E Corporation is an energy utility company providing gas and electric services.