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PCG Seeks Regulator Approval for Sale of 49.9% of its Non-nuclear Unit

Published 28/09/2022, 23:10
Updated 28/09/2022, 23:10
© Reuters.

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (PCG), today filed an application with the California Public Utilities Commission for the separation of its non-nuclear generation assets into a stand-alone Utility subsidiary and the potential sale of its minority stake to one or more investors to be identified.

Furthermore, the company reaffirmed its previously announced 2022 non-GAAP EPS guidance.

By Davit Kirakosyan

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