PG&E Corp. (PCG) Seeks Regulator Approval for Sale of 49.9% of Non-nuclear Unit

(Updated - September 28, 2022 4:39 PM EDT)

PG&E Corp. (NYSE: PCG) disclosed:

On September 28, 2022, Pacific Gas and Electric Company (the “Utility”), a subsidiary of PG&E Corporation, filed an application (the “Application”) with the California Public Utilities Commission (the “CPUC”) regarding the separation of its non-nuclear generation assets into a stand-alone Utility subsidiary and the potential sale of a minority ownership stake in the newly-formed subsidiary to one or more investors to be identified. PG&E Corporation made available a presentation (the “Presentation”) regarding the Application. A copy of the Presentation is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

In addition, PG&E Corporation is reaffirming its previously announced non-GAAP core earnings guidance for fiscal year 2022.

More from Slides:

• seeking regulatory approve to market for sale up to 49.9% ownership stake in the new unit

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