utility stock faces wildfire risks amid growth potential By Investing.com
PG&E Corporation (NYSE:PCG), the parent company of Pacific Gas & Electric, stands at a critical juncture as it navigates the complex landscape of California’s energy sector. As a regulated electric and gas utility serving Northern and Central California, PG&E faces unique challenges and opportunities that have captured the attention of investors and analysts alike.
Company Overview
PG&E operates a vast network of infrastructure, including a 50,000-mile gas transmission system and one nuclear plant, Diablo Canyon. The company’s power generation portfolio is notable for its environmental profile, with 95% of its electricity coming from greenhouse gas-free sources. This positions PG&E favorably in an era of increasing focus on clean energy…
