PG&E Comments In Emailed Statement, Sees Deal With KKR Cutting Rates By $100M+ Over Next 20 Years; Would Remain Majority Owner Of Pacific Generation
Portfolio Pulse from Benzinga Newsdesk
PG&E announced in an emailed statement that its deal with KKR is expected to reduce rates by over $100 million in the next 20 years. PG&E will retain majority ownership of Pacific Generation.

April 30, 2024 | 10:00 pm
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PG&E's deal with KKR is projected to lower rates by over $100 million in the next 20 years, with PG&E keeping majority ownership of Pacific Generation.
The announcement of PG&E's deal with KKR, which is expected to reduce rates significantly over the next two decades, could be viewed positively by investors. Lower rates may lead to increased customer satisfaction and potentially higher regulatory compliance scores, which in turn could positively impact PG&E's stock price in the short term. The fact that PG&E will remain the majority owner of Pacific Generation reassures investors of PG&E's continued control and direction over its assets.
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