Jim Cramer shared his thoughts on Wells Fargo, Iron Mountain, Palantir, and PG&E during CNBC’s ‘Mad Money Lightning Round’. He recommended buying Wells Fargo and PG&E, while expressing caution about Iron Mountain and considering Palantir a ‘cold’ stock.
Pacific Gas and Electric Company (PG&E) has teamed up with Apple to provide residential customers with comprehensive electricity usage data directly within the Home app. This new feature allows customers to better understand their energy consumption, make informed decisions to save money and energy, and contribute to a cleaner energy future.
PG&E (PCG) and 3M (MMM) are set to report their first-quarter 2024 earnings on April 25 and April 30, respectively, deviating from their usual reporting schedules. PCG’s earlier-than-usual date suggests potential positive stock movement, while MMM’s later date may indicate ongoing challenges. Both companies have faced legal and operational issues in recent years, making their earnings reports closely watched by investors.
Months-long road closures in Clovis, California, have been extended due to construction delays. The closures, which began in January and were initially set to reopen on April 16, have impacted businesses and residents in the area. The closures are affecting Shepherd Avenue between Fowler Avenue and Sunnyside Avenue, and Sunnyside Avenue between Perrin Road and Shepherd Avenue. The Lennar Heritage Grove development on the north side of Shepherd Avenue is the cause of the closures, which are expected to continue until late June. The closures have caused a decrease in business for local businesses, and residents have expressed frustration with the detours. PG&E and the city of Clovis are working to minimize delays and complete the work safely and quickly.
PG&E CEO Patricia Poppe expressed hope that customer bills will flatten or even decline in the future, despite recent significant increases. The utility is exploring cost-cutting measures, including modernizing operations and reducing vegetation management reliance. Poppe also acknowledged the need to balance cost reduction with safety concerns, especially in light of past PG&E-related disasters.
A bill in California seeks to ban utility companies like PG&E from using customer funds for advertising and lobbying expenses. The company had planned to spend $6 million on commercials promoting its wildfire risk management efforts. Supporters of the bill argue that customer money should not be used for such purposes, while PG&E contends that it could diminish the authority of state regulators.
A bill in the California Legislature aims to crack down on how utilities spend customer money amid concerns about lobbying and advertising expenses. The bill would expand the definition of prohibited advertising and political influence and allow regulators to fine utilities that break the rules.
