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Fly News Breaks for July 6, 2018
Jul 6, 2018 | 13:19 EDT
Citi analyst Praful Mehta reported that the Sacrament Superior court ruled that PG&E is not liable for punitive damages related to the Butte fire, which Mehta said sets a positive precedent for PG&E and other California utilities in terms of the 2017 wildfires. Mehta keeps a Neutral rating on PG&E shares, however, stating that the Tubbs fire outcome and potential impact of legislation are still the key drivers of the stock.
News For PCG From the Last 2 Days
Sep 24, 2018 | 18:31 EDT
PG&E senior manager for local public affairs Anna Brooks said that the company intends to invest $360M to support electric car charging infrastructure, Bloomberg reports. Speaking at a hearing in Fresno on a proposal by the EPA and NHTSA, Brooks said that "we want a stable environment for our investors and customers," the report notes. The federal agencies have proposed freezing fuel efficiency requirements for cars at 37 MPG in 2020 instead of climbing to 47 MPG by 2025 under Obama administration regulations, the report notes. "Transportation electrification is a key element of PG&E business strategy," Brooks said. Reference Link
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