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PG&E reports profit of more than $2B for 2024
Utility titan expects profits to be higher in 2025 than 2024.
Calculating only items and operations that are PG&E’s core business, the utility posted a fourth-quarter profit of $658 million, down from the $1.01 billion during the same quarter the year prior. “This is the second year in a row of record-breaking profits for PG&E,” said Mark Toney, executive director of consumer group The Utility Reform Network. PG&E and the state Public Utilities Commission have been under fire from critics because of the company’s steadily rising profits and bills.
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