BUZZ-PG&E gains on grid technology expansion with Itron to lower utility rates

Reuters02-03 23:38
BUZZ-PG&E gains on grid technology expansion with Itron to lower utility rates 

** Shares of California-based utility PG&E PCG.N up 1.6% at $15.32

** PGE and Itron enter next phase to expand grid edge tech to cut electrification costs, reduce operations and management to help lower rates, and improve real time detection to curb wildfire risk and outages

** "By using grid-edge technology and real-time data, we can make it easier for our customers to charge an EV at home and for us to detect potential problems with equipment early," says Mike Delaney, PCG's vice president

** PG&E intends to install up to 1,000 new Itron devices through 2026 with plans for scaling to hundreds of thousands of devices

** In 2025, PCG was down 20.4%

(Reporting by Dharna Bafna in Bengaluru)

((dharna.bafna@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment