PG&E Corporation (NYSE: PCG), the parent company of Pacific Gas & Electric Co., reported net
income of $307 million or $0.63 per common share for the third fiscal quarter of 2015, on revenues of $4.55 billion.
This compares to income (after dividends on preferred stock) of $811 million, or $1.71 per share, on revenues of $4.94 billion for the same quarter a year earlier. The difference is due primarily to the timing of regulatory proceedings in key rate cases this year and last, the company said.
third quarter of 2015, compared with $5.6 billion, or $2.95 per share, in the 2014 third quarter.
Californians to brace for drenching rainstorms, mudslides and other havoc. A less anticipated El Niño effect may be a sharp increase in the demand for natural gas.
some of its oil and gas fields, pipelines and other holdings to pay down a portion of its $6.2 billion in debt.
80-car tanker trains carrying crude oil, has run into resistance from nearby cities, school districts and environmental groups.