Analyst: PG&E will feel ‘no material impact’ from shutdown

PG&E will see “no material impact” on its finances from the massive electricity shutdown in Northern California, said Edward Jones analyst Andy Smith, who has dropped coverage of the San Francisco utility.

That might come as a surprise to those affected by the shutdown, but Smith said the utility’s expenses should not be greatly affected.

On the revenue side, California regulators long ago “decoupled” PG&E’s profits from electric usage in an effort to encourage conservation, buffer…

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