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PG&E Sees Earnings Dip Amid AI Demand Surge

2/12/2026

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Story summary
  • Pacific Gas and Electric Company (PG&E) reported a slight decline in fourth-quarter net income to $642 million, or 29 cents per share, from $647 million, or 30 cents per share, in the prior year.
  • PG&E raised the lower end of its 2026 adjusted earnings projection, citing increased demand from artificial intelligence–related data centers.
  • The results reflect ongoing shifts in energy needs in Oakland, California.