Bloomberg Talks
PG&E CEO Talks Energy Demand; AI
Jun 14, 2024
PG&E CEO Patti Poppe predicts doubling energy demand by 2040 and discusses underutilization of the power grid. She explores leveraging grid assets, adapting to technology demands, and challenges like tariffs on solar panels in building a smarter and more affordable grid.
07:08
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Quick takeaways
- PG&E anticipates doubling energy demand by 2040, aiming to enhance grid efficiency.
- California emphasizes renewable energy sources like solar and storage, aligning with PG&E's modern energy approach.
Deep dives
PG &E Forecasting Doubling in Demand by 2040
PG &E forecasts a doubling of electricity demand from 2021 to 2040, with a projected annual growth rate of 4%. The company aims to increase grid utilization efficiency to 60-80%, optimizing existing assets to reduce costs for all customers. PG &E's focus on safety and financial stability has instilled investor confidence, positioning it for growth amidst industry changes.
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