PG&E Shares Dip Slightly as Company Files $22.5B Takeover Valuation

Corporate News

Pacific Gas & Electric Corporation (PG&E Corp.)

• Current Trading

• At 08:56 PM Central Europe on Thursday 22 Oct 2026, PG&E shares (ticker: PCG) closed down 0.23 % in a 24‑hour period.

• Current price: USD 12.72.

• Total shares outstanding: 2.2 billion.

• Market capitalization: USD 29 billion.

• Volume traded in the last 24 hours: USD 329.1 million.

• Since the end of the previous month, the share price has increased 2.1 %.

• 200‑day simple moving average: USD 16.34.

• 52‑week high: USD 19.16 (recorded on 03 Feb 2026).

• 52‑week low: USD 11.77 (recorded on 29 Sep 2026).

• Recent Regulatory Filing Pacific Gas & Electric Corp. filed with the California Public Utilities Commission a valuation for a proposed municipal takeover of its San Francisco electric distribution network.

• The utility estimates the cost of a takeover at USD 22.5 billion, substantially above the city’s earlier estimate of USD 3.4 billion.

• PG&E values the grid’s electric and real‑estate assets at nearly USD 14 billion and adds more than USD 8 billion for severance and physical separation costs.

• The company argues that the city’s appraisal omitted several real‑estate interests and undervalued the underground distribution system.

• PG&E has invested over USD 3 billion in grid reliability in the past decade and plans an additional USD 2 billion of capital expenditures.

• The California Public Utilities Commission is reviewing the valuation and will decide on the appropriateness of a takeover.

• Business Profile

• PG&E Corp. is a holding company headquartered in Oakland, United States.

• The company’s core operations are in the electric utility sector, providing electricity and natural gas distribution, generation, procurement, transmission, natural‑gas procurement, transportation, and storage.

• PG&E Corp. is listed on the New York Stock Exchange.

• Further information is available on the company’s website: www.pgecorp.com .

Related Stock Performance (Last 24 Hours)

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