Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  PG&E Corporation    PCG

PG&E CORPORATION (PCG)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

PG&E : Extends Aerial Smoke Patrols to Spot Wildfires, Speed Response and Keep Communities Safe

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/10/2017 | 07:01pm CEST

Pacific Gas and Electric Company (PG&E) extended its daily aerial smoke detection patrols in portions of its service area an additional two weeks. PG&E launched the patrols in June to assist the U.S. Forest Service, CAL FIRE and local fire agencies with early fire detection and response during the highest-fire risk months. Early detection of smoke or fire allows fire agencies to quickly respond to accurate locations.

PG&E will continue operating fixed-wing aircraft to spot smoke along two routes, from Auburn to Auberry in the Central Sierra, and Vacaville to Solvang through Nov. 15. PG&E extended flights in these areas that have not received significant rain and remain dry.

“PG&E is focused on public safety and reducing the wildfire risk in California. In addition to the work we do every day on the ground to ensure our infrastructure is operating safely, our aerial patrols will continue to help fire agencies identify and respond to potential fires where dry conditions still exist,” said Pat Hogan, senior vice president of electric operations at PG&E.

All flights were previously scheduled to conclude on Oct. 31. The company uses fixed-wing aircraft to fly four routes and contributed funding to the Mendocino County Aerial Patrol Co-Operative for a fifth route over Mendocino County.

This is the fourth year of the program. From mid-June when the flights began through October 31, the patrols spotted a total of 218 fires and, in 21 instances, were the first to report the fire to CAL FIRE or the U.S. Forest Service. In 2017, nearly 3,350 hours of flight time have been recorded through October. The patrols flew during the last five hours of daylight, roughly from 3 p.m. until dusk – the time of day when wildfires are most likely to ignite because hot, dry weather is at its peak. Last year, fire spotters identified a total of 142 fires.

Tree Mortality Response

In addition to its daily aerial smoke patrols, PG&E is committed to reducing the risk of wildfire caused by the historic drought, bark beetle infestation and other environmental impacts as part of its tree mortality emergency response, including:

  • Increased foot and aerial patrols along power lines in high fire-risk areas to twice a year, and up to four times a year in some locations.
  • Conducted secondary patrols along 61 percent of miles of power lines in 2016 and expects to patrol 65 percent of miles of line a second time in 2017.
  • Removed approximately 236,000 additional dead or dying trees in 2016 and expects to remove approximately 150,000 additional dead trees in 2017

The U.S. Forest Service estimates that more than 100 million trees have died in California since 2010. Homeowners can reduce risk by removing dead trees on their property and properly maintaining healthy trees by pruning and watering as necessary.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 20,000 employees, the company delivers some of the nation’s cleanest energy to nearly 16 million people in Northern and Central California. For more information, visit www.pge.com/ and pge.com/news.


© Business Wire 2017
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PG&E CORPORATION
04:22aPG&E : Gas main hit on Wednesday in Vallejo
AQ
04/19PG&E : Trio of Baby Falcons Banded at PG&E’s Headquarters
BU
04/18PG&E : Lawmakers pave path for higher electricity, gas bills
AQ
04/17PG&E : jolted by wildfire lawsuit from dozens of insurance companies
AQ
04/16PACIFIC GAS & ELECTRIC CO : Entry into a Material Definitive Agreement, Creation..
AQ
04/16PG&E CORP : Entry into a Material Definitive Agreement, Creation of a Direct Fin..
AQ
04/16PG&E : Increases Property Tax and Franchise Fees Payments to Cities, Counties Th..
BU
04/13PG&E : National Safe Digging Month Focuses Awareness on Importance of Calling 81..
BU
04/13PG&E : Request for Offers Launches for Oakland Clean Energy Initiative
BU
04/11PG&E : warns of increased scams as tax day nears
AQ
More news
News from SeekingAlpha
04/18Morgan Stanley updates high conviction list 
04/11StarMine Q4 2017 North American Earnings Surprise Results 
04/03California utilities say they're losing customers to new type of power suppli.. 
03/22PG&E develops plan to reduce risk of future wildfire outbreak 
03/21PG&E Bankruptcy Fears Are Overblown 
Financials ($)
Sales 2018 17 649 M
EBIT 2018 3 470 M
Net income 2018 1 960 M
Debt 2018 19 801 M
Yield 2018 -
P/E ratio 2018 12,26
P/E ratio 2019 11,52
EV / Sales 2018 2,48x
EV / Sales 2019 2,45x
Capitalization 23 964 M
Chart PG&E CORPORATION
Duration : Period :
PG&E Corporation Technical Analysis Chart | PCG | US69331C1080 | 4-Traders
Technical analysis trends PG&E CORPORATION
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 48,6 $
Spread / Average Target 4,6%
EPS Revisions
Managers
NameTitle
Geisha J. Williams President, Chief Executive Officer & Director
Richard C. Kelly Independent Non-Executive Chairman
Jason P. Wells Chief Financial Officer & Senior Vice President
Richard A. Meserve Independent Director
Barbara L. Rambo Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
PG&E CORPORATION4.39%23 964
DUKE ENERGY CORP-6.93%54 843
IBERDROLA-2.51%50 038
SOUTHERN COMPANY-4.72%45 801
DOMINION ENERGY-18.96%44 430
EXELON CORPORATION-0.86%37 577