PG&E announced exclusive talks with KKR & Co s unit to sell a minority stake in Pacific Generation for grid improvements. Facing wildfire blame, the utility seeks financial backing. CFO Burke anticipates KKR s investment will boost their finances, supporting a cleaner energy future. Estimated at $3.5 billion, Pacific Generation will remain majority-owned by PG&E.
With the hefty increase so far this year, PG&E’s rates are now approaching those of Hawaii, a state with the unfortunate distinction of having the most.
Author and Wall Street Journal reporter Katherine Blunt will be a keynote speaker for the 11th Hawaiʻi Energy Conference in May at the Maui Arts & Cultural Center, according to an announcement.