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PG&E posts $146 million of operating income for August; revenue falls
By Caroline Salls
Pittsburgh, Sept. 30 – PG&E Corp. reported $146 million of operating income for August on $1,454,000,000 in operating revenue, according to its monthly operating report filed Monday with the Securities and Exchange Commission.
In comparison, PG&E posted $122 million of operating income for July on $1,498,000,000 of operating revenue.
Net income for August was $116 million, improving from $109 million of July net income.
The company had $2,783,000,000 in cash and cash equivalents as of Aug. 31, down from $3,103,000,000 at the end of July.
The electric and natural-gas utility is based in San Francisco. The company filed bankruptcy on Jan. 29, 2019 in the U.S. Bankruptcy Court for the Northern District of California under Chapter 11 case number 19-30088.
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