Improved Earnings Guidance
The company reported core earnings per share of $0.50 for Q3 and $1.14 for the first nine months of 2025. Full-year guidance was narrowed to $1.49 to $1.51, with an expected 10% increase over 2024.
Significant Undergrounding Milestone
PG&E has constructed and energized 1,000 miles of power lines underground in high-risk fire areas, reducing costs by 25% since the start.
Wildfire Risk Mitigation Success
Year-to-date CPUC reportable ignitions are down over 35% from 2024 levels. PG&E is on track for a third consecutive year of zero structures destroyed due to reportable fires in high-risk areas.
Robust Data Center Pipeline
A strong data center pipeline with over 9.5 gigawatts, with projects in final engineering continuing to grow. Most applications are for centers supporting AI models in Silicon Valley.
O&M Cost Reductions
PG&E achieved O&M cost savings contributing $0.05 for Q3 and $0.08 year-to-date, exceeding the 2% reduction target for three consecutive years.