secwatch.observer — SEC 8-K summary
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Issuer:     PG&E Corp (PCG)
CIK:        0001004980
Form:       8-K
Filed at:   2023-11-28T23:59:59+00:00
Accession:  0001839882-23-031517
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PG&E narrows 2023 core EPS to $1.20-1.23, initiates 2024 $1.31-1.35; reinstates dividend
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- Narrowed 2023 non-GAAP core EPS to $1.20-$1.23; initiated 2024 guidance $1.31-$1.35; no new equity in 2023-2024.
- CPUC GRC final decision authorizes 2023 revenue $13.52B (vs. $15.41B requested) and 2024 $14.24B ($16.34B); rate base $45.8B (vs. $50.4B).
- Authorized 1,230 miles undergrounding (vs. 2,000 requested) and 778 miles covered conductor; denies $0.9B HQ capital costs.
- Reinstated common stock dividend in November 2023, first since 2017; Diablo Canyon license renewal filed with NRC on Nov 7, 2023.
- Moody's outlook revised to Positive in February 2023; P/E discount to peers narrowed to sub-20% from ~50% mid-2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1004980/000183988223031517/0001839882-23-031517-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/75488/000183988223031517/pcg_8k-11282023.htm
  HTML page:      https://secwatch.observer/filing/0001839882-23-031517

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer