PG&E Planned Capex Jumps 20% to $62 Billion Over 2024-2028, May Go Higher

September 3, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--PG&E Corporation (NYSE:PCG) (Oakland, California), corporate parent to electric and gas utility Pacific Gas and Electric Company (PG&E) (Oakland), in late July told investors it planned to boost base capital expenditures (capex) approximately 20%, to about $62 billion, over the 2024-2028 period. In a previous capex estimate, released in 2023, the company said it planned to spend about $52 billion over the 2023-2027 period.