PG&E Corporation (NYSE:PCG) Q1 2018 Earnings Conference Call - Final Transcript

May 03, 2018 • 12:00 pm ET


PG&E Corporation (NYSE:PCG) Q1 2018 Earnings Conference Call - Final Transcript


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Jason P. Wells

the first quarter, our internal programs have generated equity of roughly $35 million. While investment activity can vary throughout the year, our internal programs may not generate the same levels of equity that we've seen in recent years. The other factors that we've outlined here are largely unchanged from last quarter. The cash that we're conserving from the dividend suspension continues to provide an equity cushion that could be used to provide needed equity, including for any potential liabilities that result from the Northern California wildfires.

In closing, I want to reiterate what Geisha said. We're actively working to address inverse condemnation policy, while executing operational plans that provide for improved climate resiliency. And the board remains committed to revisiting the dividend decision as greater clarity is reached with regard to potential liabilities stemming from the 2017 Northern California wildfires. Finally, as I've shared with you before, we'll keep you appraised to the progress as material facts unfold.

With that, let's open up the lines for questions.