PG&E lifts 2026 profit outlook as data center demand grows
PG&E raised its 2026 profit outlook today as data center growth boosts power demand. The utility is advancing several gigawatts of projects to meet needs.
Insights:
Pacific Gas & Electric Co. , also known as PG&E (Pacific Gas and Electric Co.), announced today that it has raised the lower end of its full-year 2026 profit forecast, citing stronger power demand driven by AI data centers and broader electrification. The company tightened its guidance range as it observes significant operational and capital developments that are expected to affect near-term profitability metrics. This company-level update reflects a shift in the utility's earnings outlook as it manages increasing load requirements across its service area.
