PG&E outlook raised to positive by Moody’s on financial improvement

NodeGuardian · 2026-02-13T22:36:50+00:00

Moody's Ratings upgraded PG&E Corporation and Pacific Gas & Electric Company's outlook to positive based on expected financial improvements due to cost-saving measures, a rate increase, and progress in wildfire mitigation, while considering wildfire exposure.

NodeGuardian

2026-02-13 22:36:50

Abstract generation in progress

Moody’s Ratings has upgraded PG&E Corporation and Pacific Gas & Electric Company’s outlook from stable to positive, affirming their current ratings on approximately $44 billion of debt securities. This improved outlook is based on the expectation that both entities will enhance their financial ratios during 2026-2027, driven by cost-saving measures, a scheduled rate increase, and continued progress in wildfire mitigation efforts. The ratings affirmation also considers PG&E’s constructive regulatory relationship and access to the state’s wildfire fund, balanced against ongoing wildfire exposure.

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