PG&E Applies for Roughly $7B Federal Government Loan to Fund Electric Grid Investments, Company Says
Portfolio Pulse from Charles Gross
PG&E has applied for a $7 billion federal government loan to fund investments in its electric grid, according to the Wall Street Journal.
June 29, 2023 | 10:58 am
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POSITIVE IMPACT
PG&E's application for a $7 billion federal loan could boost its financial stability and enable significant investments in its electric grid.
The loan, if approved, would provide PG&E with significant financial resources to invest in its electric grid. This could improve the company's infrastructure and potentially lead to increased efficiency and reliability, which could in turn enhance its profitability and attractiveness to investors.
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IMPORTANCE 80
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