Pacific Gas & Electric is reportedly nearing a deal to sell a stake in its fleet of power plants to KKR & Co. in an effort to raise funds needed to upgrade infrastructure and reduce the risk of fire resulting from its power lines.
https://www.wsj.com/business/energy-oil/pg-e-nears-deal-with-kkr-for-stake-in-power-business-spinoff-f3c7dc44?mod=e2twPG&E is nearing a deal to sell a multibillion-dollar stake in its fleet of power plants to
PG&E Corporation reported $5.86B Q1 revenue, missing consensus. Electric rev. grew to $4.05B, gas declined to $1.81B. Adjusted EPS $0.37, higher than $0.35 consensus. FY24 guidance $1.33-$1.37 vs. $1.35 consensus.