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PG&E reports operating income down to $61 million in month of March
By Caroline Salls
Pittsburgh, May 9 – PG&E Corp. reported $61 million of operating income for March on $1.26 billion in operating revenue, according to its monthly operating report filed Thursday with the Securities and Exchange Commission.
In comparison, PG&E posted $108 million of operating income for February on $1.29 billion in operating revenue.
Net income for March was $136 million, compared with $21 million of February net income.
The company had $2,964,000,000 in cash and cash equivalents as of March 31, up from $2.3 billion at the end of February.
The electric and natural-gas utility is based in San Francisco. The company filed bankruptcy on Jan. 29 in the U.S. Bankruptcy Court for the Northern District of California under Chapter 11 case number 19-30088.
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