PG&E shares surge 5.02% intraday as collaboration with Itron advances grid reliability and wildfire risk reduction.

PG&E Corporation (PCG) rose 5.02% intraday following announcements of expanded collaboration with Itron to enhance grid reliability and wildfire risk mitigation, as well as preparations to ensure energy reliability during the Super Bowl. The partnership with Itron involves leveraging grid-edge technology and real-time data to improve customer experience, reduce outages, and prevent wildfires, signaling progress in PG&E’s safety and innovation initiatives. Additionally, PG&E’s activation of emergency operations centers to support the Super Bowl underscores its critical role in infrastructure reliability, reinforcing investor confidence in its operational capabilities. While a planned maintenance outage in San Luis Obispo County temporarily affected 1,300 customers, the event was framed as routine and aimed at long-term safety improvements, minimizing negative sentiment. The stock’s upward movement aligns with positive developments in grid modernization and emergency preparedness, overshadowing minor headwinds from shareholder sales and rate adjustments.