Earnings
Home›Earnings›Previews›Pacific Gas & Electric targets flat customer bill grow…
Pacific Gas & Electric targets flat customer bill growth through 2026 strategy
The utility said its technology program has helped avoid nearly 20 million outage minutes since January 2025 and it expects about 1.8 gigawatts of new data center load to be online by 2030.
Pacific Gas & Electric Co. outlined its Q2 2026 outlook on an earnings call summary published by Yahoo Finance, pointing to a strategy it calls a “path to flat” that targets 0% to 3% annual customer bill growth by relying on electric load growth to offset infrastructure costs.
Management attributed 10% year-over-year core EPS growth to what it described as disciplined execution of a lean operating system, along with consistent customer capital investment. The company also said continuous monitoring technology has helped avoid nearly 20 million outage minutes and 28 potential ignitions since January 2025.
On operations and demand, PG&E emphasized a focus on data center growth, saying its pipeline exceeded 12 gigawatts following a 2026 cluster study. It warned that wildfire mitigation has been a key driver of recent credit rating upgrades, and said wildfire-related charges currently account for 14% to 19% of monthly customer bills, citing a study referenced on the call.
For its longer-term plan, the company said its 5-year financial targets assume California reaches a constructive legislative outcome on wildfire liability reform tied to SB 254, and it warned of a “Plan B” if the legislative framework remains unresolved. Yahoo Finance’s summary also said PG&E’s guidance assumes about 1.8 gigawatts of new data center load will be online by 2030, and that the company aims for a 20% dividend payout ratio by 2028 as part of its plan to support self-funded growth through 2030.