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Pacific Gas & Electric Company: Update following outlook change to pos...

Our credit view of PG&E reflects its substantial wildfire mitigation investments, supportive wildfire legislation and improving financial ratios, balanced against elevated wildfire risk.

Moody's Ratings changes PG&E Corporation and Pacific Gas & Electric's ...

Moody's Ratings (Moody's) today affirmed the ratings of Pacific Gas & Electric Company (PG&E), including its Baa3 Issuer rating, and the ratings of its parent company, PG&E Corporation (PCG), including its Ba2 senior secured rating and Ba3 junior subordinated notes. A full list of affected ratings c...

Pacific Gas & Electric Company: DOE loan guarantee provides low cost f...

Availability of DOE funding will help PG&E finance its elevated capex program and keep customer rates lower compared to using traditional debt financing.

Pacific Gas & Electric Company: Update to credit analysis

Our credit view of PG&E reflects the utility's enhanced wildfire mitigation efforts, improved stakeholder relationships, supportive provisions of AB1054 and strengthening financial profile.

Moody's Ratings affirms Ba3 rating on PG&E Corporation's new junior su...

Moody's Ratings (Moody's) affirmed the Ba3 rating on PG&E Corporation's (PCG) $1 billion junior subordinated notes due 2055 (Notes). PCG's other ratings, including its Ba1 Corporate Family Rating, and the ratings of its principal utility subsidiary, Pacific Gas & Electric Company (PG&E), including i...

Moody's Ratings assigns Ba3 rating to PG&E Corporation's new junior su...

Moody's Ratings (Moody's) assigned a Ba3 rating to PG&E Corporation's (PCG) up to $1 billion junior subordinated notes due 2055 (Notes). PCG's other ratings, including its Ba1 Corporate Family Rating, and the ratings of its principal utility subsidiary, Pacific Gas & Electric Company (PG&E), includi...

Pacific Gas & Electric Company: Update following upgrade; outlook rema...

Our credit view of PG&E reflects the utility's enhanced wildfire mitigation efforts, improved stakeholder relationships, supportive provisions of AB1054 and strengthening financial profile.

Moody's upgrades PG&E Corporation and Pacific Gas & Electric's ratings...

Moody's Investors Service (Moody's) upgraded PG&E Corporation's (PCG or parent) ratings, including its Corporate Family Rating (CFR) to Ba1 from Ba2. Moody's also upgraded Pacific Gas & Electric Company's (PG&E or utility) ratings, including its senior secured first mortgage bonds to Baa2 from Baa3....

PG&E Corporation: US Federal Appeals Court dismissal of liability clai...

The dismissal eliminates the potential that billions of dollars in liabilities could be imposed on PG&E.

Hawaiian Electric Company Inc.: In a worst-case scenario, wildfire lia...

While inverse condemnation will unlikely be applied in Hawaii, Hawaiian Electric's potential liabilities relative to its size could rival those of PG&E in a worst-case scenario.

Pacific Gas & Electric Company: Update following outlook change to pos...

Our credit view of PG&E reflects the utility's investments in wildfire mitigation, improved stakeholder relationships, supportive provisions of AB 1054 and strengthening financial profile.

Moody's changes PG&E Corporation and Pacific Gas & Electric's outlooks...

Moody's Investors Service (Moody's) affirmed PG&E Corporation (PCG or parent) and Pacific Gas & Electric Company's (PG&E or utility) ratings and changed their outlooks to positive from stable. The ratings affirmation includes PCG's Ba2 Corporate Family Rating (CFR), Ba3-PD Probability of Default Rat...

Pacific Gas & Electric Company: Exit from Step 1 of CPUC enhanced over...

CPUC removes utility from Step 1 of the enhanced oversight and enforcement process citing improvement around vegetation management.

Pacific Gas & Electric Company: Update to credit analysis

Our credit view of PG&E reflects material exposure to wildfire risk while operating in a relatively credit supportive regulatory environment prone to elevated political risk.

Moody's announces completion of a periodic review of ratings of PG&E C...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of PG&E Corporation. Global Credit Research- 16 Sep 2021. New York, September 16, 2021-- Moody's Investors Service has completed a periodic review of the ratings of PG&E Corporation and other ratings that are associated with the same analytical unit.

PG&E Corporation: Despite some operational and governance progress, wi...

Mitigating wildfire risk and repairing stakeholder relationships will be more important determinants of PG&E's future credit quality than improving its financial profile.

PG&E Corporation: Delay in approval of Pacific Gas & Electric’s 2020 w...

The delay in approval of PG&E's wildfire safety certification is credit negative and may be an indication the company is falling behind its wildfire mitigation efforts.

Pacific Gas & Electric Company: Update to credit analysis

Our credit view of PG&E reflects its ability to execute its operational plan while mitigating ESG risks including wildfires while undergoing a transition of its senior management team.

Moody's announces completion of a periodic review of ratings of PG&E C...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of PG&E Corporation. Global Credit Research- 13 Oct 2020. New York, October 13, 2020-- Moody's Investors Service has completed a periodic review of the ratings of PG&E Corporation and other ratings that are associated with the same analytical unit.

PG&E Corporation: FAQ on what's next after emergence from bankruptcy

PG&E's ability to improve its credit quality will depend heavily on whether it can mitigate the risk of wildfires in its service territory.

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