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Pacific Gas & Electric (PG&E) is close to finalizing a deal to sell a significant stake in its power generation business to KKR, a prominent investment firm. This move is part of PG&E's strategy to secure funding necessary to enhance its infrastructure and prevent its power lines from sparking wildfires. The deal involves the creation of a new subsidiary, which will house most of PG&E's power generation assets, pending regulatory approval.
PG&E said it’s in talks to sell a minority stake in its power generation business to investment firm KKR https://t.co/s3YuGkkTBV
$PCG $KKR | PG&E Nears Deal To Sell Stake To KKR Pacific Gas & Electric is nearing a deal to sell a stake in its fleet of power plants to KKR in an effort to raise funds. PG&E says it is seeking regulatory approval to transfer some assets into a new subsidiary called Pacific… https://t.co/DfrFVBHGSC
PG&E said it’s in talks to sell a minority stake in its power generation business to investment firm KKR https://t.co/sJBo0Y1nMh
