PG&E Corp Shared Its 5-Year Financing Plan, Which Includes Funding $62B Of Safety And Reliability Capital Expenditures. The Plan, Which Does Not Assume A Sale Of The Utility's Non-Nuclear Generation Assets, Reaffirms Commitment Of No New Equity In 2024; Enables Substantial Dividend Growth Over The 5-Year Horizon; And Assumes Up To $3B Of Potential Equity Needs Over The Period 2025-2028

Author: Benzinga Newsdesk | April 25, 2024 11:24am

Financing Plan Highlights

PG&E Corporation shared its five-year financing plan, which includes funding $62 billion of safety and reliability capital expenditures. The plan, which does not assume a sale of the Utility's non-nuclear generation assets, reaffirms PG&E Corporation's commitment of no new equity in 2024; enables substantial dividend growth over the five-year horizon; and assumes up to $3 billion of potential equity needs over the period 2025 through 2028.

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