PG&E in Talks to Sell Stake to KKR for New Power Business Venture

Tuesday, 30 April 2024, 20:17

PG&E, the California utility, is on the verge of completing a deal with KKR to sell a portion of its power generation business. The agreement, subject to regulatory approval, involves the creation of a new company to house the majority of PG&E's power assets.

https://store.livarava.com/2a26366f-0736-11ef-a6c0-63e1980711b2.jpg — PG&E in Talks to Sell Stake to KKR for New Power Business Venture

PG&E Nears Deal With KKR for Stake in Power Business Spinoff

The California utility, PG&E, is currently in discussions with investment firm KKR to sell a stake in its power generation business.

Key Details: PG&E seeks regulatory approval for the sale to KKR.
Agreement Structure: The deal involves part ownership of a new company that will house PG&E's power assets.

This strategic move aims to streamline PG&E's operations and signal investor confidence in the utility's future.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.