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PG&E Achieves 42% Reduction in Methane Emissions, Surpassing 2025 Goal

1. PG&E reports 42% methane emission reduction, exceeding 2025 targets. 2. Company aims for 45% reduction by 2030, showing strong commitment. 3. Advanced leak detection and repair strategies implemented to combat emissions. 4. PG&E's Climate Strategy aims for net zero emissions by 2040. 5. Continued support for renewable natural gas highlights environmental focus.

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Why Bullish?

Surpassing emissions reduction targets can enhance PG&E's reputation and investor confidence. Historically, successful environmental initiatives have positively influenced stock prices in similar utilities.

How important is it?

The significant reduction in emissions and future commitments demonstrate proactive management, likely appealing to eco-conscious investors and customers.

Why Long Term?

Ongoing commitment to emission reductions aligns with long-term sustainability trends. As regulations tighten, early adaptation enhances market positioning.

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NEEDTEXEL
, /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) submitted a report to the California Public Utilities Commission reporting a 42 percent reduction of methane emissions in 2024 from its gas pipeline system compared to a 2015 baseline, surpassing its commitment to achieve a 20 percent reduction by 2025. In 2017, the CPUC and California Air Resources Board (CARB) directed PG&E to achieve a 20 percent emissions reduction below 2015 baseline levels by 2025. The company outpaced this goal and voluntarily set a target to achieve a 45 percent reduction by 2030. In June of this year, PG&E submitted its annual 2024 emissions data to the CPUC, which outlined the methodology and comprehensive approach the company took to achieve the 42 percent emission reduction, including: Enhancing the leak survey program that now assesses more than 42,000 miles of natural gas distribution pipeline every three years versus the previous five year rotation. Applying advanced leak detection technologies and utilizing an accelerated repair schedule for the largest emissions findings, also known as the PG&E Super Emitter Program. Continuing strategic implementation of gas mitigation technologies for planned ventings on transmission pipelines, compressor stations and underground storage. "Achieving and surpassing our methane emissions reduction goal is an important milestone that highlights our efforts to reduce the carbon footprint of our natural gas pipeline system. Coupled with our ongoing commitment to support the interconnection and delivery of California-produced renewable natural gas, we remain committed to achieving a net zero emissions energy system for our customers and hometowns," said Gas Engineering Vice President Austin Hastings. PG&E's Climate Strategy Report outlines the company's commitment to achieve a net zero emissions energy system by 2040 and a "climate positive" system by 2050. About PG&E Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news. SOURCE Pacific Gas and Electric Company WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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