PG&E Corporation (PCG) Launches $25M Innovation Fest to Tackle Energy, Wildfire Challenges

We recently compiled a list of 10 Cheap Utility Stocks to Buy According to Hedge Funds. PG&E Corporation stands first on our list among the cheap utility stocks.

PG&E Corporation (NYSE:PCG), serving about 16 million people across Northern and Central California, is advancing innovation and sustainability initiatives in 2025 and tops our list for being one of the cheap utility stocks. A key recent development is its $25 million Innovation Pitch Fest set for September in Oakland, inviting entrepreneurs and tech experts to propose scalable solutions for challenges like managing AI data center energy demands, neighborhood electrification, wildfire mitigation, and AI-driven safety enhancements. This reflects the company’s commitment to using cutting-edge technology to support California’s ambitious environmental goals.

PG&E Corporation (NYSE:PCG) also reported surpassing its 2025 target with a 42% reduction in methane emissions, demonstrating progress in environmental performance. Operationally, the business is optimizing its natural gas transmission capacity for October 2025 to improve efficiency.

Supporting its modernization efforts, PG&E Corporation (NYSE:PCG) secured a historic $15 billion loan from the Biden administration to fund climate initiatives and grid upgrades. This includes projects to increase hydroelectric dam capacity and develop “virtual power plants,” highlighting a broad strategy to modernize California’s energy infrastructure while promoting clean, reliable power.

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