PG&E (PCG) Financial Forecast Calculator
Interactive 5-year forecast and DCF for PG&E. Adjust revenue growth, gross margin, capex intensity, WACC, and terminal growth - see revenue, free cash flow, and enterprise value update in real time. Seeded from PG&E’s most recent SEC filings.
Assumptions
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Keep iterating on the PG&E forecast in Excel. The downloadable sample has every assumption you see here plus a fully integrated income statement, balance sheet, cash flow, and debt schedule - five years of SEC historicals and live formulas in a fully editable workbook.
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Frequently asked
What is PG&E Corporation's primary business model?+
PG&E Corporation operates as a regulated public utility, primarily serving Northern and Central California. Its business model is asset-heavy, focusing on generating, transmitting, and distributing electricity and natural gas. Earnings are driven by authorized returns on capital investments (rate base) rather than volumetric sales, due to regulatory decoupling.
How does PG&E Corporation generate its revenue?+
PG&E's revenue is primarily derived from its Electric and Natural Gas business segments, serving millions of customers in Northern and Central California. As a regulated monopoly, its earnings are driven by returns on its capital investments, known as the rate base, as authorized by regulatory bodies like the CPUC and FERC.
What is PG&E's capital expenditure strategy?+
PG&E has an extremely high capital expenditure profile, with capex typically representing 60-75% of revenues. The company has a massive $73 billion capital plan for 2026-2030, primarily focused on system undergrounding, grid hardening, and capacity expansion for EV charging and data center load growth.
What are the key financial assumptions for PG&E's financial model?+
Key assumptions for PG&E's financial model include a revenue growth rate of approximately 9.3% and COGS as a percentage of revenue at 55%. Additionally, the model assumes SGA at 15% of revenue and a high Capex as a percentage of revenue at nearly 40%.
What is the purpose of the PG&E financial model?+
The PG&E financial model aims to project the company’s rate base growth, capital expenditure requirements, and earnings trajectory. This analysis helps determine equity valuation and assess credit health, specifically evaluating if PG&E can sustain its targeted 9% rate base growth and increasing dividend without needing new common equity.
Can I download an Excel financial model for PG&E Corporation?+
Yes, an Excel financial model for PG&E Corporation is available for download. This model forecasts financial performance from FY2026 to FY2030, allowing users to analyze key assumptions and projections.
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