Mizuho raised the firm’s price target on PG&E to $26 from $24 and keeps an Outperform rating on the shares. The company made a filing with the California Public Utilities Commission requesting a new rate structure for large loads, which if approved, would require the transmission-level customer to prepay the investment required to serve them, in return for a quicker hookup to the electric grid, the analyst tells investors in a research note.
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