▶ 23:34 · $PCG · PG&E CEO: Simple affordable model drives cost savings and decarbonization at lower societal cost

episode briefing

Patricia Poppe - CEO of PG&E | Podcast | In Good Company | Norges Bank Investment Management

2024-08-21 · 2 company · 5 thematic

sentiment

2 bull0 bear0 neu

speakers

Nicolai Tangen is the CEO of Norges Bank Investment Management, which manages the Norwegian Sovereign Wealth Fund, one of the world's largest sovereign wealth funds. He hosts the podcast 'In Good Company' where he interviews leaders across various fields.

patricia poppe

Patricia Poppe became CEO of PG&E in 2021 after the utility's climate-driven bankruptcy. She previously served as CEO of CMS Energy and held engineering and operations roles in the automotive industry, applying lean manufacturing to utility transformation.

quote

“we have something we call our simple affordable model and that means that we can invest in climate resilient infrastructure but save operating and maintenance costs by doing this lean operating system we're finding ideas every single day t…”

—patricia poppe

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$PCG···bullish· high· posnicolai tangen

Norges Bank holds 1% stake in PG&E as major position

Norges Bank Investment Management owns over 1% of PG&E, a nearly $500 million position, indicating confidence in the utility's turnaround.

$PCG···bullish· mediumpatricia poppe

PG&E CEO: Simple affordable model drives cost savings and decarbonization at lower societal cost

Poppe outlines a 'simple affordable model' where lean operations and climate-resilient infrastructure investment reduce O&M costs, enabling customer bills to grow below inflation…

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