"The utility titan posted a profit of $2.59 billion in 2025, which was 4.8% higher than the company's profit of $2.48 billion in 2024, PG&E's reported Thursday as part of the release of its latest financial results. PG&E's profit and revenue picture comes into view on the heels of the company's report at the end of 2025 that monthly bills for residential customers who receive combined electricity and gas services would drop starting in January."
"Oakland-based PG&E reported that revenue totaled $24.94 billion in 2025, up 2.1% from 2024. Electricity operations revenue rose 2.8% and totaled 18.32 billion in 2025, PG&E stated in the financial results. Revenue from natural gas operations totaled $6.62 billion, up 0.1% from the year before. These increases are at a greatly reduced pace compared to the jumps of prior years."
"PG&E also said it's making progress in its efforts to connect major electricity users to the company's grid. The company stated that large electricity projects totaling 3.55 gigawatts are in final engineering. That's up from a prior total of 1.6 gigawatts of large-load projects that were in final engineering. PG&E officials said these large projects, as well as several other company endeavors, all have the goal of attempting to keep customer bills rising slowly or even decreasing. We are looking at zero bill inflation,"
PG&E posted a profit of $2.59 billion in 2025, a 4.8% increase from 2024. Total revenue reached $24.94 billion, up 2.1% year-over-year. Electricity operations revenue rose 2.8% to 18.32 billion, while natural gas operations revenue was $6.62 billion, up 0.1%. Revenue growth in 2025 occurred at a much reduced pace compared with sharp increases in 2023 and muted changes in 2024. Large electricity projects totaling 3.55 gigawatts are in final engineering, up from 1.6 gigawatts previously. Company efforts aim to keep customer bills rising slowly or to decrease them, targeting zero bill inflation.
Read at www.mercurynews.com
Unable to calculate read time
Collection
[
|
...
]