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PG&E profit and revenue miss Wall Street views

2015-10-29 07:28:35| Energy - Topix.net

SAN BRUNO >> PG&E posted profit Wednesday for its third quarter that fell below analysts expectations, with the utility saying its revenue has been jolted by the timing of proceedings before the state Public Utilities Commission related to rate cases. Revenue was lower during the third quarter, PG&E said, because of a general rate case related to its gas transmission and storage system has yet to be resolved by the state PUC.

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