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patricia poppe

T2 · manager / operator

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.

1 call·1 name·100% bull·last heard 2 years ago·In Good Company with Nicolai Tangen
track record

no scored calls yet — needs a stated position or a categorical verdict, with a matured window vs SPY

top calls

highest conviction · one per company
1stmedium conviction
$PCGPG&E Corporation

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 or decline, while 70% decarbonization including transportation electrification cuts household energy spend 20% via fuel switching.

In Good Company with Nicolai Tangen2024-08episode →

most discussed · click a bar to filter

  • $PCG

recurring themes

  • Data Center Infrastructure1
  • Grid & Power Infrastructure1
  • Electric Vehicles1
  • Nuclear Energy1
  • AI Infrastructure1
1 total
$PCG
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PG&E Corporation
MEDpatricia poppe·In Good Company with Nicolai Tangen·2 years ago·Patricia Poppe - CEO of PG&E | Podcast | In Good Company | Norges Bank Investment Management
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 or decline, while 70% decarbonization including transportation electrification cuts household energy spend 20% via fuel switching.
"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…"
23:34
9
Data Center Infrastructuretailwind
PG&E CEO: Data center 'good load' can lower customer bills 1-2% and provide earnings upside
Poppe reveals that adding 1 GW of data center load with $0.5-1.5B infrastructure investment generates offsetting revenue exceeding delivery costs, reducing customer bills 1-2%; PG&E has 3.5 GW of data center demand in Silicon Valley, none of which is baked into earnings guidance.
8
Grid & Power Infrastructuretailwind
PG&E CEO: Undergrounding lines at 7:1 capital-to-expense ratio cuts wildfire costs and keeps bills flat
Poppe explains that undergrounding 8% of highest-risk lines trades $2B/year in vegetation management expense for $14B in capital investment at a 7:1 ratio, holding customer bills flat while dramatically reducing wildfire risk and improving climate resilience.
8
Electric Vehiclestailwind
PG&E CEO: EV bidirectional charging and smart charging turn vehicles into grid assets, lowering system costs
Poppe notes 560,000 EVs in service area (28% of new sales), with bidirectional models (Cadillac Lyriq, Ford Lightning) emerging; smart charging today uses midday solar excess, while future vehicle-to-grid can supply 9 GW of peak capacity, raising grid utilization from 45% and lowering unit electricity costs.
7
Nuclear Energymixed
PG&E CEO: Diablo Canyon extension secured, but SMRs too costly and risky for utility to build
Poppe confirms Diablo Canyon's 5-year life extension and 20-year license renewal application, but rules out PG&E building SMRs due to cost overrun risk, preferring DOE-funded demonstrations by others first.
6
AI Infrastructuretailwind
Nvidia CEO Jensen Huang sees grid efficiency as top AI application; PG&E CEO agrees AI key for optimizing distributed resources
Poppe recounts discussion with Jensen Huang on AI's role in optimizing dynamic supply/demand from EVs, rooftop solar, and data centers, enabling a smarter, digitized grid to decarbonize faster.