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May 22, 2024
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PG&E Moves to Spin off Generation, Sell Minority Stake
Sale Proceeds Would Fund Wildfire, Clean Energy, Reliability Investments
PG&E's new Pacific Generation subsidiary would include the utility's gas-fired Gateway Generating Station in Antioch, Calif.
PG&E's new Pacific Generation subsidiary would include the utility's gas-fired Gateway Generating Station in Antioch, Calif. | JPxG, CC BY-SA 4.0, via Wikimedia Commons
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PG&E asked the CPUC to approve a plan that would allow it to sell a stake in a new generation subsidiary, with proceeds to be used to fund capital investment.
CaliforniaCalifornia Public Utilities Commission (CPUC)Company NewsEnergy StorageHydropowerNatural GasUtility-scale Solar