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PG&E at a Crossroads | Chico News
PG&E’s CEO Patti Poppe just announced a major pivot: pausing big capital projects in 2027 to cut borrowing costs as rising interest rates and investor caution make funding upgrades harder. With customer revenue falling short of covering operations and safety investments, the company is hitting a financial wall — and the board is now exploring every option for restructuring and funding. But don’t panic: safety remains top priority, and delays won’t compromise reliability. Amid the challenges, Poppe highlighted key wins — four years without wildfire-caused outages, five rate cuts, and 30%…
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