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PG&E Expands Data Center Pipeline; Segment Revenues Mixed

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US energy holding company PG&E (PCG) Thursday reported that it has advanced new data center projects, expanding its data center pipeline to 12.71 gigawatts as of June 30 from 5.09 GW in March.

Of the total capacity, 140 megawatts are under construction and 490 MW have finalized interconnection construction agreements.

Meanwhile, about 3.88 GW are under final engineering stage, and the remaining 8.20 GW are at a preliminary engineering phase, according to the report.

In Q2, the company's operating revenue almost steadied from a year earlier, as a revenue increase from the natural gas segment offset a decline from the power segment.

The power segment generated $4.39 billion in revenue during the period, down from $4.41 billion in the same quarter of 2025.

At the same time, the natural gas segment posted $1.51 billion in revenue, a slight increase from $1.48 billion recorded a year earlier, data showed.

During the quarter, PG&E said it connected over 3,930 customers and over 2,460 new electric vehicle charging ports to the grid.

It also completed 37 miles of undergrounding and installed 100 miles of strengthened poles and covered powerlines in high fire-risk areas, with a target to exceed 1,900 miles of undergrounding and more than 2,000 miles of poles and powerlines by the end of 2027.

Price: $17.66, Change: $-0.45, Percent Change: -2.51%

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