PG&E Files 10-Year Electrical Undergrounding Plan to Reduce Wildfire Risk

11:24 AM EDT, 10/01/2026 (MT Newswires) -- PG&E (PCG) said Thursday it has filed a 10-year Electrical Undergrounding Plan with the California Office of Energy Infrastructure Safety, proposing to place about 5,000 miles of electric distribution lines underground from 2028 to 2037. The company said that completing 5,000 miles of undergrounding would allow the company to avoid about $6 billion in vegetation management, operations and maintenance costs over the life of the assets. The California Office of Energy Infrastructure Safety will evaluate whether the plan increases reliability and substantially reduces wildfire risk. If approved, PG&E will submit the plan and an application to the California Public Utilities Commission requesting conditional approval of the plan's costs, according to the company. PG&E shares were down 1.6% in Thursday trading. Price: 12.01, Change: -0.24, Percent Change: -2.00