PG&E Corporation
CEO Offer Letter Amendment and Dividend Increase at PG&E Corporation
Summary
PG&E Corporation announced an amendment to the offer letter of its CEO, Patricia K. Poppe, extending her term through January 4, 2031. The company also declared a fourth-quarter 2024 regular cash dividend of $0.025 per share, an increase of 0.015 cents per share, payable on January 15, 2025. PG&E Corporation further affirmed its guidance for 2024 non-GAAP Core Earnings Per Share (EPS) of $1.34-$1.37, 2025 non-GAAP Core EPS of $1.47-$1.51, and at least 9% non-GAAP Core EPS growth in each of 2026, 2027, and 2028.
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About PG&E Corporation
PG&E Corporation is a prominent energy infrastructure company engaged in delivering gas and electricity services to millions of customers, primarily in Northern and Central California. As a critical player in the utility sector, PG&E focuses on generating, transmitting, and distributing energy while upholding commitments to safety, reliability, and environmental stewardship. The company plays a vital role in supporting regional economies by facilitating energy needs for residential, commercial, and industrial users. PG&E Corporation is also at the forefront of integrating renewable energy sources, contributing to California's ambitious climate goals. By managing a vast network of power lines and gas pipelines, PG&E ensures consistent energy provision in a region prone to environmental challenges such as wildfires and earthquakes. As a major utility provider, PG&E's performance and strategic initiatives significantly impact regulatory environments, energy markets, and sustainability efforts in the burgeoning clean energy transition. Headquartered in San Francisco, California, PG&E Corporation's efforts in modernizing infrastructure and investing in technology aim to enhance grid resilience and customer service across its expansive service area.
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