PG&E has narrowed its 2026 profit forecast, raising the lower end of its adjusted core profit expectation. This adjustment is attributed to a projected increase in power demand from data centers and other industrial customers. The utility now expects 2026 adjusted core profit to be between $6.15 billion and $6.35 billion.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Utility PG&E tightens 2026 profit forecast on strong power demand
PG&E has narrowed its 2026 profit forecast, raising the lower end of its adjusted core profit expectation. This adjustment is attributed to a projected increase in power demand from data centers and other industrial customers. The utility now expects 2026 adjusted core profit to be between $6.15 billion and $6.35 billion.