PG&E Corp reported better-than-expected second-quarter profits, driven by increased service rates. The power company surpassed earnings estimates on July 25, 2024, as higher electricity and gas revenues contributed to its financial performance. Despite this positive result, PG&E also revised its full-year profit guidance downward. CEO Patti Poppe addressed the results, highlighting the impact of rate hikes on the company's earnings. Other energy companies, including DTE Energy and Edison International, also reported strong quarterly performances, with both beating profit estimates due to increased power demand and electricity rate hikes, respectively.