PG&E Misses 1Q Profit Estimates on Higher Expenses, LA Wildfire Worries Linger
Insurance Journal - Apr 24, 2025
PG&E Corp. missed first-quarter profit estimates on Thursday, as the power company was hurt by higher operating and interest expenses. Higher-for-longer interest rates push up borrowing costs for utility companies, which typically need more capital for expenses such as maintaining …...
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