PG&E Sees Stock Surge and Rapid Power Restorations Following Lightning-Induced Outages

San Francisco, August 28, 2025 - Pacific Gas and Electric Company (PG&E) experienced two major developments today: a significant uptick in its stock price and near-complete restoration of service to customers affected by recent lightning strikes.

PG&E’s shares climbed 6.35 percent on the New York Stock Exchange after the company reaffirmed its commitment to strategic energy initiatives, including a plan to deliver 10 gigawatts of new electricity over the next decade to data center projects-enough to power approximately 7.5 million homes concurrently. The announcement bolstered investor confidence in PG&E’s growth outlook and strengthened its position among affordable utility stocks under $50.

Meanwhile, crews successfully restored electricity to nearly all of the roughly 10,000 Plumas County customers who lost power on August 26 after multiple lightning strikes damaged transmission lines. By early this morning, only 25 households in Quincy remained without service, as PG&E prioritized repairs on directly struck lines and coordinated with local emergency teams to expedite recovery efforts.

However, an environmental study released today raised concerns about warmer-than-anticipated water releases and elevated agricultural runoff in PG&E’s Deschutes River restoration project, prompting calls for enhanced mitigation measures to protect aquatic ecosystems.

As of 12:01 a.m. Pacific Time, the California Independent System Operator reported no grid constraints across PG&E’s service territory, and no Public Safety Power Shutoffs are forecasted for the coming week. The utility continues to monitor weather patterns and maintain readiness for any further weather-related disruptions.

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