PG&E Misses 1Q Profit Estimates on Higher Expenses, LA Wildfire Worries Linger – Go Health Pro
PG&E Corp. missed first-quarter profit estimates on Thursday, as the power company was hurt by higher operating and interest expenses. Higher-for-longer interest rates push up borrowing costs for utility companies, which typically need more capital for expenses such as maintaining the grid. Related: Lawsuits Accuse Insurers of Colluding to Drop Coverage in Fire-Prone Parts of … Read more