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The Pacific Gas and Electric Company (PG&E) is an American investor-owned utility (IOU). [2] The company is headquartered at 300 Lakeside Drive, in Oakland, California.PG&E provides natural gas and electricity to 5.2 million households in the northern two-thirds of California, from Bakersfield and northern Santa Barbara County, almost to the Oregon and Nevada state lines.
The times interest earned ratio indicates the extent of which earnings are available to meet interest payments. A lower times interest earned ratio means less earnings are available to meet interest payments and that the business is more vulnerable to increases in interest rates and being unable to meet their existing outstanding loan obligations.
The U.S. prime rate is in principle the interest rate at which a supermajority (3/4ths) of American banking institutions grant loans to their most creditworthy corporate clients. [1] As such, it serves as the de facto floor for private-sector lending, and is the baseline from which common "consumer" interest rates are set (e.g. credit card rates).
The rate hikes include PGE’s request to state regulators to approve a 7.4% rate increase in February, which was followed by an increased request to a 10.9% increase in July. PGE later requested ...
After questioning Portland General Electric about recent rate hikes, Oregon Senator Ron Wyden announced Wednesday that the utility giant will "take every possible step” to keep residential rates ...
A company's times interest ratio indicates how well it can pay its debts while still investing in itself for growth. A higher ratio suggests to investors that an investment in the company is ...
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Pacific Gas & Electric v. Public Utilities Commission, 475 U.S. 1 (1986), was a United States Supreme Court case involving a dispute over newsletters that the San Francisco–based privately-owned public utility Pacific Gas and Electric Company (PG&E) had included with its monthly bills to customers. The special interest group Toward Utility ...