![]() Chris will dive into the financials in just a bit. All of this is good for customers and investors. Our investments will provide lasting value to our customers, while our new cost-reduction efforts will keep our customer bills affordable. Our rate base grows 8.5% and our earnings grow 10%. We're reaffirming our 2021 non-GAAP core earnings per share guidance of $0.95 to $1.05, and we're maintaining 2021 equity needs of $0 to $400 million. I'm pleased to report that PG&E delivered non-GAAP core earnings of $0.27 per share in the second quarter. Poppe - Chief Executive Officer | PG&E Corporation We also encourage you to review our quarterly report on Form 10-Q for the quarter ended June 30, 2021. The presentation also includes a reconciliation between non-GAAP and GAAP measures that can be found online along with other information at. Some of the important factors that could affect the company's actual financial results are described on the second page of today's second quarter earnings call presentation. ![]() I want to remind you that today's discussion will include forward-looking statements about our outlook for future financial results, which are based on assumptions, forecasts, expectations and information currently available to management. Joining us today are Patti Poppe, our Chief Executive Officer and Chris Foster, Executive Vice President and Chief Financial Officer. Good morning, everyone, and thank you for participating in PG&E's second quarter earnings call. The AC will be returned to its previous operational setting.Thank you, Ashley. With the exception of extreme energy emergencies, where rotating outages may occur, participants may call a SmartAC™ representative at 1-86 and opt-out of an event for the day, without penalty. At all other times, the AC will respond normally, and make cool air. Residential participants with SmartAC™ switch technology may experience no more than 50 percent reduction in the air conditioner's average run time.ĭuring a SmartAC™ event, if your thermostat calls for the air conditioner to make cool air, your AC will ignore that signal for approximately 15 out of 30 minutes. PG&E may remotely activate SmartAC™ device(s) in anticipation of a state or local energy emergency to help maintain adequate power supplies and avoid widespread power interruptions.ĭuring a SmartAC™ event (or SmartDay™ event for SmartRate™ participants), your device will be remotely activated and your air conditioner will run slightly less than it normally would. Participants must have standard central air conditioners and/or heat pumps. SmartAC™ switch technology will be installed on or near the outside compressor component of participant's air conditioning (AC) unit.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |