PG&E Reaches 1,000 Miles of Underground Powerlines in High Fire Risk Areas

PG&E Corporation (NYSE:PCG) is one of the best infrastructure stocks to buy with huge upside. On October 3, Pacific Gas and Electric Company, which is a subsidiary of PG&E Corporation, announced that it had reached a significant milestone by constructing and energizing 1,000 miles of powerlines underground in high fire risk areas.

This undergrounding effort is identified as the largest ever undertaken by a utility to reduce wildfire risk. In the specific locations where these lines now provide electricity, the undergrounding process effectively eliminates nearly all wildfire risk. The distance of 1,000 miles is greater than the driving distance from the Oregon-California border to the California-Mexico border, which is 932 miles.

Since 2023, the company’s total hardening efforts, which also include installing stronger overhead poles and wires and line removals, have permanently removed 8.4% of wildfire ignition risk from its entire system. PG&E anticipates that by the end of 2026, a total of 1,600 miles of powerlines will be underground, which is expected to contribute to a total system-wide risk reduction of 18%.

PG&E Corporation (NYSE:PCG), through its subsidiary, Pacific Gas and Electric Company, sells and delivers electricity and natural gas to customers in northern and central California, the US.

While we acknowledge the potential of PCG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.