California

PG&E announced it has exceeded its methane emissions reduction target, achieving a 42% decrease in 2024 compared to 2015, surpassing its initial 20% reduction pledge by 2025. The company credits this to an enhanced leak survey program, advanced leak detection, and strategic implementation of gas mitigation technologies. PG&E aims for a 45% reduction by 2030 and a net-zero emissions energy system by 2040, integrating renewable natural gas to further diminish its carbon footprint.

CW BANCORP announced a quarterly cash dividend of $0.23 per share, payable July 1, 2025, to shareholders of record June 16, 2025. CommerceWest Bank, its subsidiary, focuses on California’s small and medium-sized businesses. The bank provides commercial banking services, including digital banking, loans for various purposes, and treasury management. The dividend reflects a commitment to shareholder returns and supporting California businesses.

PG&E Corporation appointed utility industry veteran John O. Larsen to its Board of Directors following shareholder approval. Larsen, former CEO of Alliant Energy, brings 36 years of experience, including leadership in renewable energy expansion and grid modernization through initiatives like the Clean Energy Blueprint. His appointment reinforces PG&E’s focus on safety, infrastructure resilience, and customer-centric innovation as California accelerates decarbonization. Board Chair Kerry W. Cooper highlighted Larsen’s operational expertise and sustainable energy transition leadership. Larsen expressed commitment to advancing PG&E’s climate-resilient grid goals under CEO Patti Poppe. He will join PG&E’s Safety and Compensation committees, leveraging governance experience from roles at industry organizations. PG&E serves 16 million customers, prioritizing wildfire safety and grid upgrades.