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May 16, 2022

PG&E Reports Steep Q2 Loss on Bankruptcy, Fire Costs

First Post-bankruptcy Call Promises Financial Growth, Fire Safety

Jul 30, 2020
Hudson Sangree
Company News / California
In its first post-bankruptcy earnings report, PG&E Corp. said Thursday it expects stronger financial performance going forward, as it improves its wildfire-prevention efforts and employs more limited public safety power shutoffs this fire season. But PG&E reported GAAP losses of $3.73/share in the second quarter, driven mainly by $2.5 billion...

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