PG&E Sees Almost 25% Profit Increase in 2023, Utility Companies Exceed Q4 Profit Estimates
Utility companies such as HF Sinclair, Exelon, PG&E, and Pool Corporation have surpassed profit estimates in the fourth quarter, driven by factors like higher electricity rates, strong demand for essentials, and robust aftermarket sales. PG&E specifically saw a nearly 25% increase in profits for 2023.
Sources
ABC7 News
PG&E announced on Thursday that it saw an almost 25 percent increase in profits for 2023. This comes after the utility company slapped customers with substantial rate hikes at the beginning of this year. https://t.co/sbg7rzlODF https://t.co/sbg7rzlODF
Mercury NewsPG&E profits hop higher as revenue from electricity and gas surges https://t.co/NXJk9eQaZG
Reuters PG&E beats fourth-quarter profit estimates on higher electricity rates https://t.co/WljFqkuqbL https://t.co/WAwwj17TdM
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