Latest news with #PCG
GMA Network
8 hours ago
- GMA Network
PH accuses China ships of aggressive maneuvers in Scarborough Shoal
The Philippines accused Chinese Coast Guard ships on Friday of carrying out aggressive maneuvers and targeting its fisheries vessels with water cannons while they were delivering supplies to Filipino fishermen at the disputed Scarborough Shoal on Friday. One of the four Bureau of Fisheries and Aquatic Resources (BFAR) vessels involved in the mission was briefly struck by a water cannon, while another evaded being hit, the Philippine Coast Guard said in a statement. ''At approximately 10 a.m., BRP Datu Taradapit faced aggressive maneuvers from the Chinese Coast Guard vessel CCG-4203, which approached within 600 yards and fired a water cannon from 15.6 nautical miles southwest of Panatag (Scarborough) Shoal,'' the PCG said. ''Despite these aggressive actions, including blocking maneuvers and a water cannon attack that briefly struck the port quarter of BRP Datu Taradapit, the vessel adeptly maneuvered away to avoid significant damage. At 10:30 a.m., CCG-3105 targeted BRP Datu Tamblot with a water cannon from a distance of 18.1 nautical miles southeast of the shoal, but the attack missed its mark,'' it added. The PCG said it monitored six China Coast Guard vessels, two PLA Navy warships, and multiple Chinese maritime militia vessels during the operation. It also said the BFAR was able to distribute fuel subsidies to over 20 local fishing boats. ''Despite the unprofessional and illegal actions of the Chinese Coast Guard, which endangered Filipino crew members and fishermen, BFAR vessels remained resolute in their mission to protect local fishing boats,'' the PCG said. Scarborough Shoal, which is also referred to as Bajo de Masinloc or Panatag Shoal, is a triangular coral reef formation that surrounds a lagoon and is famed for its rich marine resources. The shoal is located 124 nautical miles off Masinloc, Zambales, and is considered within the Philippines' 200-nautical mile exclusive economic zone, based on the 1982 United Nations Convention on the Law of the Sea (UNCLOS). In 2016, the Permanent Court of Arbitration in The Hague ruled in favor of the Philippines over China's claims in the South China Sea, saying that it had "no legal basis." China refused to recognize the ruling. — with a report from Reuters/VBL, GMA Integrated News
Yahoo
2 days ago
- Business
- Yahoo
PG&E Corporation (PCG) is Among the Energy Stocks Losing This Week
The share price of PG&E Corporation (NYSE:PCG) fell by 8.38% between June 10 and June 17, 2025, putting it among the Energy Stocks that Lost the Most This Week. Brightly-lit nighttime view of an electricity power grid with distribution lines and transmission substations. PG&E Corporation (NYSE:PCG) provides natural gas and electric service to approximately 16 million people throughout a 70,000-square-mile service area in northern and central California. PG&E Corporation (NYSE:PCG) continues to plunge and reached a new 2-year low this week following the backlash of the company's role in past wildfire incidents, and a proposed California legislation that would overhaul utility regulation and financing in the state. The legislation calls for the creation of a new regulatory authority and excludes utility shareholders from earning profits from as much as $15 billion in capital spending on fire mitigation and infrastructure. Moreover, it seems to include provisions for improving the Golden State's utility wildfire insurance fund, requiring ongoing contributions from utilities. While we acknowledge the potential of PCG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and Disclosure: None.
Yahoo
2 days ago
- Business
- Yahoo
PG&E Corporation (PCG) is Among the Energy Stocks Losing This Week
The share price of PG&E Corporation (NYSE:PCG) fell by 8.38% between June 10 and June 17, 2025, putting it among the Energy Stocks that Lost the Most This Week. Brightly-lit nighttime view of an electricity power grid with distribution lines and transmission substations. PG&E Corporation (NYSE:PCG) provides natural gas and electric service to approximately 16 million people throughout a 70,000-square-mile service area in northern and central California. PG&E Corporation (NYSE:PCG) continues to plunge and reached a new 2-year low this week following the backlash of the company's role in past wildfire incidents, and a proposed California legislation that would overhaul utility regulation and financing in the state. The legislation calls for the creation of a new regulatory authority and excludes utility shareholders from earning profits from as much as $15 billion in capital spending on fire mitigation and infrastructure. Moreover, it seems to include provisions for improving the Golden State's utility wildfire insurance fund, requiring ongoing contributions from utilities. While we acknowledge the potential of PCG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
PG&E Corp Witnesses Increased Demand from Data Center Growth
PG&E Corporation (NYSE:PCG) is counted among the Best Nuclear Energy Stocks to Buy Right Now. The company has emerged as a top player in the current AI boom, witnessing a jump of more than 40% this year in requests for power supplies from data center developers across northern California. Brightly-lit nighttime view of an electricity power grid with distribution lines and transmission substations. In April, PG&E Corporation (NYSE:PCG) launched a process for data center developers interested in connecting to its system, and the 'cluster study' yielded 4.1 GW of interest, on top of the 8.7 GW announced during the company's Q1 earnings call. Moreover, the size of the projects has also grown since last year's cluster study, with the current proposed projects ranging from 500 MW to 1 GW, up from 50-100 MW last year. This increased AI power demand is expected to help the overall community, as PG&E estimates that for every gigawatt of new electric demand from data centers, customers may save between 1% to 2% on their electricity bill. PG&E Corporation (NYSE:PCG) provides natural gas and electric service to customers in northern and central California. The company also owns the Diablo Canyon Power Plant, the only operational nuclear power plant in the Golden State. While we acknowledge the potential of PCG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
GMA Network
3 days ago
- General
- GMA Network
'Dangerous maneuvers' performed by CCG while PH installs more floating devices in WPS
The Philippine Coast Guard (PCG) and the Bureau of Fisheries and Aquatic Resources (BFAR) successfully conducted three-day Floating Aggregate Device (FAD) Laying Operations in Hasa Hasa and Kanduli Shoals. That's despite radio challenges and dangerous maneuvers from four Chinese Coast Guard vessels during the operation. 'Our crew, especially the radio operators, responded with professionalism and composure, successfully maintaining our maritime presence with dignity and courage,' said the PCG in a statement released on Wednesday. Meanwhile, the PCG said that there are now 20 FADs deployed in the area. 'The primary objective of this initiative is to bolster the livelihoods of Filipino fishermen by improving their fish catch, while also contributing to the national government's Kadiwa para sa Bagong Bayaning Mangingisda (KBBM) program, which aims to ensure a sustainable and affordable supply of fish,' the statement read. The PCG also said that the devices were installed with the use of three 44-meter Multi-Role Response Vessels (MRRVs), the 5001 PCG-manned BFAR vessel, and MV Mamalakaya, along with several Filipino fishing boats. 'The Philippine Coast Guard and Bureau of Fisheries and Aquatic Resources remain steadfast in their mission to safeguard the livelihoods of our people, promote food security, and uphold our sovereign rights in the West Philippine Sea,' it added. —Jiselle Anne Casucian/ VAL, GMA Integrated News
