PG&E first-quarter profits jump as company’s utility revenue surges

PG&E first-quarter profits jump as company’s utility revenue surges

a year ago
Anonymous $KxGqLmj_R3

https://www.mercurynews.com/2023/05/04/pge-profit-electric-gas-jump-fire-economy-revenue-profit-bills-quarter/

OAKLAND — PG&E’s profits jumped during the first three months of 2023, the utility reported Thursday, a rise that coincided with big increases in monthly bills that numerous PG&E customers had to endure.

During the January-through-March first quarter of 2023, PG&E earned $623 million, an 18.2% jump in profits from the $527 million in company profits during the same quarter in 2022, PG&E stated in a quarterly report it filed with the Securities and Exchange Commission.

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