PG&E Corporation PCG

12 in 2 weeks

So if a tree comes down 43 ft from pole line and takes out line is PGE negligent? Stay tuned folks...

Now its PGEs fault trees fall down on phone line in city?

Ding dongs.

Over 8000 fires this year in Cali and PGE MAY be responsible for 1. With thousands of miles of ignition source it appears that negligence would have nothing to do with it - to a reasonable person, that is.

Thats the problem. PGE was never negligent and should have defended itself better. No mention of the known vandalism, or jurisdiction games between Cal Fire and USFS when fire broke, or work performed on railroad just below ignition point which all may have played a role in CAMP fire. Tower in question was on a rock pile - fires dont start on rock piles.

Problem is, the company is very liberal and sympathetic to the victims - which is noble for sure, but has caused them to roll over to a certain extent - to the point where folks believe they were not doing their job. Simply not true.

IMHO of course.

20 billion revenue per year, one of Californias largest land owners, and currently trading with a PE of 12x earnings while most utilities are 18x.

Long.

I believe 17 would be reasonable SP here short term. I will offload half in low 20s and let rest ride for a bit. May take a while, but Im game.

Little consolation never hurts. Holding 10 after potential fire news is a good indication of strength. Couple things go our way and this will move very quickly.

This would be back to 50 and PGE would have much more access to capital if Cali wasnt such a liberal mess. Its coming in spite of bears getting off on wild fires, liberal judges grandstanding, and dems failing to adequately manage their power capacity, forests, and reservoirs.

Ironically, between getting sued by Sierra club for trimming trees, US leader in green energy contracts, power provider in most adverse climate, PGE attacked cause of deep pockets. Dont worry, well make more.

The mustache is back! Hold on big fella, may want to let authorities complete investigation prior to demanding ignition source information. Judge Alsup, based off previous hearings, appears to be a reasonable man - dont think he has got out of the city much during his tenure tho.

Analysts expect $50 million for costs associated with Zogg fire. PGE is insured for $1.4 billion. Conditions did not meet agreed guidelines by cal fire and PGE to conduct a PSPS for the area in question. Area was rebuilt by PGE 3 years prior due to CARR fire. The sections of line that were not rebuilt were inspected due to tier 3 fire area. No neglect on PGE part. Independent investigation for Cal fire deemed equipment not responsible for Zogg, although cal fire apparently disagrees and brought in additional inspectors.

Currently PCG has weighted 12 month avg PE ratio of 2.8 x earnings.

Utility average 18 x earnings.

Think well be ok.