PG&E Corp (NYSE:PCG)
CAPS Rating:
Holding company for Pacific Gas and Electric Company which is primarily engaged in the businesses of electricity and natural gas distribution, electricity generation, procurement and transmission, and natural gas procurement, transportation and storage.
RSS Headlines
Fool UK
Recs
Upthumb. Cost of recent SF disaster unlikely to exceed liability insurance. However, changes in inspection and maintenance, replacement of older lines and other impacts likely to increase operations expenses and capital investments going forward. These will be material impacts. Liability insurance rates will rise. All of these higher expenses likely to be passed onto consumers by the public utility rate commission. Therefore, earnings are unlikely to be negatively affected and the stock will likely rise back to $50.