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PGE Corporation's Strong Financial Performance in 2025

PGE Corporation, the parent company of Pacific Gas and Electric Company, recently announced its financial results for 2025, highlighting solid earnings and a focused approach towards enhancing energy reliability and safety. The company recorded Generally Accepted Accounting Principles (GAAP) earnings of $0.29 per share for the fourth quarter and $1.18 per share for the complete year. These figures show a slight increase from $0.30 and $1.15 per share reported in 2024 respectively.

In terms of non-GAAP core earnings, PGE Corporation reported $0.36 for the fourth quarter and $1.50 for the entire year. This is significantly better than the $0.31 and $1.36 reported in the same periods last year. In light of these results, PGE has tightened its 2026 non-GAAP core earnings-per-share guidance range to $1.64 to $1.66 from the previously estimated range of $1.62 to $1.66.

The company's operational focus in 2025 was impressive, with major achievements in delivering safe, reliable, affordable, and clean energy to its customers. PGE managed to reduce non-fuel operating and maintenance costs by 2.5% through streamlining operations and targeting efficiency improvements. Over the last four years, cumulative operational savings have totaled more than $700 million.

Among the key operational advancements was a reduction in residential bundled electric rates, marking a fourth decline in two years. This reduction, which brings the residential electric rates down by a total of 11% since January 2024, is notable as it runs counter to national trends typically witnessed in the energy sector. The company’s natural gas rates also saw a decrease, further alleviating the financial burden on its customers.

Moreover, PGE Corporation has made remarkable strides in wildfire prevention, achieving a third consecutive year without major wildfires linked to its equipment. The company undertook extensive undergrounding efforts, burying over 1,210 miles of powerlines to bolster safety and reliability in high wildfire-risk areas. These proactive measures included the completion of 334 miles of undergrounded powerlines and the installation of 207 miles of strengthened poles and covered powerlines.

In terms of customer service, PGE is connecting more customers to its evolving grid. The utility added over 12,730 electric customers and more than 18,750 new electric vehicle charging ports, which are expected to support future load growth and ultimately help reduce electricity prices across the board.

CEO Patti Poppe commented on the company’s achievements, emphasizing a commitment to safety, reliability, and affordability as the foundation of all decision-making going forward. "In 2025, our PGE team made real progress delivering safe, reliable, affordable, and clean energy to customers. We lowered electric prices four times in two years—bucking a national trend—and achieved a third consecutive year of preventing major wildfires. We are dedicated to enhance our service and remain safety-conscious at all times," said Poppe.

PGE Corporation's ability to deliver respectable earnings growth while simultaneously improving customer experience and reducing rates has positioned the company strongly for the upcoming year. The financial results reflect a strategic commitment to operational excellence and a customer-first approach that resonates well within the competitive energy landscape.

Moving forward, the company's decision-making will continue to be guided by the principles of customer satisfaction and environmental responsibility, which are increasingly vital in today's energy sector. With an evolving model that focuses on customer needs, PGE Corporation looks well-prepared to navigate the challenges and opportunities ahead, ensuring the continued delivery of reliable energy to millions of Californians.

In addition to these developments, PGE Corporation will hold a conference call on February 12, 2026, to discuss its fourth quarter and full-year 2025 results, providing stakeholders an opportunity to engage directly with the company's leadership regarding its ongoing initiatives and future strategies. The call will be accessible through a simultaneous webcast, further promoting transparency and stakeholder engagement.

For more details and the latest updates, investors, analysts, and interested parties can access the PGE Corporation website or connect through their regulatory updates to stay informed about forthcoming developments and strategic directions.