PG&E Corporation (PCG)

back up the truck?

Teens? That was almost 2 years ago. I have been buying along the way. And am i supposed to be believe you never touched the position from 2 years ago. people who s"set it 7 / forget it" do not normally post as pften as you do here. LOL these jokers like Rick.

You were Nuetral as of 23 hours ago. I screen printed it so don't bother deleting it...

RicK X
23 hours ago
$PCG conversation
Every day it rains means green for PCG. Sunshine on the weekends.
Neutral

1) So far entire summer $pcg did not make any mistakes.
2) making payments part of settlements without significant hardship
3) board reorganized duties of individual and much more attention to public...
4) reached out significantly more customers with news-notices etc very good relationships and improving.
5) $PCG is still making money

$PCG #PGE #CALIFORNIA EQUITY IS BEING CANCELED

PG&E Corporation and Pacific Gas and Electric Company (19-30088)
COURT DOCUMENTS

READ DOCKETS DATED 02/15/2019

Pacific Gas and Electric
PG&E
https://t.co/CeDYrIZ4os https://t.co/dse7KxMem3

$PCG #PGE PG&E #CALIFORNIA 8K FILING ON DEFAULT LIKELY BY TUESDAY
30 DAY GRACE PERIOD ENDED TODAY.
Voluntary Bankruptcy will become Involuntary #BANKRUPTCY

INITIAL NOTICE
PG&E Shares, Bonds Plunge After Interest Payment Missed

PG&E Shares, Bonds Plunge After Interest Payment Missed 
In response to a request for comment, the company cited the SEC filing, which also noted that "Under the indenture governing the 2040 Notes, PG&E has a 30-day grace period to make the interest payment before triggering an event of default."

https://www.newsmax.com/t/finance/article/898350?section=markets&keywords=pg-e-interest-payment-bonds&year=2019&month=01&date=15&id=898350&oref=t.co

Why PG&E’s restructuring plan and reviving their stock value may help fuel $BE stock price!

PG&E’s stock is jumping today ( stock up today > 17%) based on its proposed settlement with the California fire victims..as a major part of PG&E’s restructuring plan ( there are Billions $ of their equity and board’s fiduciary duty at stake here) is to avoid another major wild fire at any cost.

PG&E officially stated that moving forward they would be shutting down the power even more frequently, as a precaution against high wind or dry conditions risking another such fire. So unfortunately more sad news for Californian businesses and residents ... but it doesn’t have to be, thanks to Bloom Energy and it’s micro grid solution.

I don’t expect California’s critical infrastructure like hospitals, stores, schools, offices, data centers, factories and even homes wanting to go back to 18th century living in darkness and without water ( and toilet)..risking lives and business revenues !! ( note: if you are living in those areas affected by the PG&E wild fires - my sincere sympathies..please do comment how you feel about the power cuts..)

Given that another major fire incident will be a kiss of death for $PCG stock value and for its management — $BE’s fuel cell power generation is ripe for an immediate and sustainable solution to power this critical infrastructure (locally using micro grids). The Bloom Energy fuel cell micro grid power generation solution is much cheaper, safer and cleaner than installing traditional generating sets ( with traditional generators and turbines - mechanical efficiency is much lower, and green house gas and particles emissions are much higher polluting communities near the traditional these generating sites..and by the way not everyone can afford and maintain a generator ...thankfully no such issues near Bloom’s fuel cell sites and existing local grid infrastructure can be used to distribute the power to everyone ).

Solar and Wind power may have an important role to play but these are a part of the solution with $BE fuel cell generation ( powered by natural gas or methane generated from community or farm waste sites) ..

Solar and Wind power sources can’t work alone all by themselves.. solar and wind source intensity changes daily and seasonably, requiring a Battery to store their power or to pump back the power in a grid..
There is no such Battery of that size in the world today and not expected at least for the next 5-10 years - to power this critical infrastructure for its peak load and its average load for hours and days!!! ...the largest battery for such utility use is made by Tesla and it is only used to balance peak loads for just seconds of the peak power loads variation !

In conclusion, I expect a huge order for $BE fuel cells in 2020 & beyond from California and many other states across the US ( and for that matter whole micro grid sector as a whole is expected to go up!) ..

As Utilities and their boards wake up to these expensive risks ( such as PG&E did , and it is just a start) , and State & Local Politicians better understand that they will be voted out of “power” if their voting residents are “out of power” ( as NY legislators recently allowed propane pipeline for Long Island) — $BE investors and clients will be handsomely rewarded !!

( BTW: $BE stock is severely underpriced at this time due to short sellers activity..for instance, $BE market value is even lower than its enterprise value..but I think short sellers did not expect the California wild fires and intensity of the regulatory changes propelling Bloom servers installations)

“New PG&E stock” is mentioned 20 times in docket #10 of the restructuring plan presented to the court (link below). If approved, current shares of $PCG would go to $0 and new shares would be issued.

https://restructuring.primeclerk.com/pge/Home-DownloadPDF?id1=MTI5MTA2&id2=0

$PCG GOV GAVIN NEWSOM State of the State Address. Minute 31:00 Speaks about PG&E

SHAREHOLDERS WILL PAY, NOT RATEPAYERS

THIS IS CLEAR AS DAY FOLKS

https://www.facebook.com/NBCLA/videos/248557336036768/

So $pcg stock found buyers today because Aflac investment officer said they were “sticking with their PG&E bonds position despite $21 million in losses.” Well, 2 important points should be mentioned before getting too excited..point 1 is that Aflac owns PG&E bonds, not $pgc common stock - which in the case of bankruptcy means they are far, far more likely to get paid that common shareholders are....secondly, when you own $147 million in a bankrupt company bonds, you have NO choice but to stick with your position since no institution in their right mind will buy them from you this early in the PG&E BK/restructuring process...in other words, Aflac is trapped into their position...as is every other fund that owns $pcg debt, preferred stock and common stock. They can’t possibly sell at this point without cratering the market. So they are waiting, praying for a bailout.