PG&E profits hop higher, company raises already rosy outlook for 2024

OAKLAND — PG&E profits hopped higher in the first three months of 2024, a first-quarter financial picture that was brightened by a state regulatory decision last fall to approve higher monthly bills.

The utility titan also raised its earnings forecast for 2024, a prediction that suggests investors and Wall Street can look forward to even better profits than initially anticipated.

For the January-through-March first quarter of 2024, PG&E captured $732 million in profits, up...