SOURCE: Industrial Info Resources

Industrial Info Resources

May 06, 2011 06:45 ET

Pipeline Safety Activity Costs PG&E Corporation in First-Quarter 2011, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - May 6, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- PG&E Corporation (NYSE:PCG) (San Francisco, California) yesterday reported financial results for the first quarter of 2011. The company reported net income of $199 million, compared to $258 million in the first quarter of 2010. Severe winter storms and costs resulting from the gas pipeline explosion in San Bruno, California, last year added substantially to the company's costs during the quarter.

Industrial Info is tracking more than $4.4 billion in active PG&E projects, including two wave power projects with a combined value of $30 million. Details on these projects can be found in Industrial Info's North American Project Database.

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