26 Burst results for "PGE"

Answering Mail From Our Listeners

The Book Review

04:53 min | 4 months ago

Answering Mail From Our Listeners

"To any us i to answer questions from listeners. To editors many of you are familiar with tina jordan. Who is the deputy editor of the book. Review and elizabeth egan and editor at the book. Review our group text columnist and the author of a novel of her own called a window opens. Listen tina thanks so much for being here. Hi pal hi pamela. Thanks for having us all right. Let's take our very first question. It comes from ingeborg moran and she asks i'd like to know everyone's thoughts on the kindle. Has anyone become a kindle convert during kovic. She writes to us from pittsburgh pennsylvania. Alright tina ou. I will say this is a tough one for me because one thing the pandemic has meant for all of us on the books desk is that we're reading everything. Digitally and i have zero problem with an e reader. I actually use an ipad and not a candle. If say. I'm going on vacation but for constant everyday reading i will admit it has been a real drag i liz. I don't know if you feel the same way. But i cannot wait until the day when i'm only holding real books in my hands again. Tina i agree. I was actually a very early adopter of the kindle when it was first invented and i feel that it serves a purpose and has a place in my reading life but i feel like it is way more clinical than holding a physical book. You're missing the pge feel and the smell of the book. I have two very simple tips for anyone who is looking to weed into the world of e-readers one is to experiment with the font and find one. That feels most appealing to you. There are a few fonts on my kindle that makes me feel. They remind me that. I'm reading on screen and i have a couple that are more palatable than others. Here's my other tip. When i'm reading a book. I am an underlying her and appeared full folder and interactor which is a hard thing to replicate on the kindle. Even though you can highlight. So i put a post it on the back of my kindle and take notes that way. It's not quite as rewarding as doggy ring and taking notes in the margins but it does allow you to have the same vibe. All you actually raise an important point. Which is that on e-readers. You can increase the font size and for anyone who has trouble seeing tiny print for example. No one is in that age category around here tonight thinking of in my mother. I hope she's not listening. Shoot uses an ipad down loves it. You know because she can make the print big enough so that when she's reading in bed at night she doesn't have to have her glasses. You know i'm surprised. Neither of you is brought up for me. The controversial element of the raider experience. Which is the percentages rather than pages. I i feel like for me. That that's like the fitbit it's sort of both too much information and also not the right information. You know i feel like it would. It would take me down a very bad path. If i were to rely on things like percentages because i am finisher and a complete list in general and and i i do like to check things off and somehow that percentage thing i feel like i'd just become very focused on the numbers rather than what you should be focused on when you're reading which is in the words. Does that bother other view. Know it definitely bothers me and sometimes mind will say location instead of percent and it'll say location and then a number and that is baffling to me. I don't understand it. But i have learned how to use the go-to feature on mine which allows me to skip around a book and read the end before the beginning which i will admit i m prone to do. Oh i know. Don't ask but the other thing that i find problematic about an e reader as a as a reviewer who's who's reading a ton of books and kind of waiting a ton of books at once when i look at something on an easy reader reduces my recall like i can't remember the name of the author when i have a book in my hand i have almost a savant like ability to connect the title and the author and even the color of the spine forever in my in my memory i read. It is that that have shown this to be true. This it's a disadvantage for me. Because i can't remember what i've read and i can't place it in the same way which is also can be a good thing because it gives all book sort of an equal beginning in my mind.

Tina Jordan Elizabeth Egan Ingeborg Moran Tina Ou Pamela Tina Pittsburgh LIZ Pennsylvania
Power Shut-Offs Become A Way Of Life For Many Californians

Environment: NPR

02:59 min | 6 months ago

Power Shut-Offs Become A Way Of Life For Many Californians

"Two new wildfires are raging in the Grassy hills of southern California and tens of thousands of people are under evacuate under evacuation orders. One of the fires the Silverado fire may have been sparked by a piece of debris hitting a power line according to a spokesperson for southern California. Edison. Meanwhile in Northern California, the utility pge shut down parts of it system to prevent its own power lines from sparking fires during strong winds and dry weather that has left hundreds of thousands of people there waiting for the lights to come back on after two days in the dark. These sorts of widespread power shut offs have become a way of life for many Californians and as. Lilly Jamali reports residents aren't happy in the tiny community of CON- cow about three hours northeast of San Francisco Jesse. Olsen and her family have lived through PG, and E. Power Shut offs not once. But twice in the last week, that's not easy it's like you're just recovering from one power outage and then you're preparing for the next one, a portable generator has helped them stay warm keep soanes charged for the kids at least try to do school. Online real. We also have a farm with livestock. So we have to keep the antibiotics refrigerated. The Olson's survived California's deadliest and most destructive fire, the two thousand, eighteen campfire but it burned down their home. It was sparked by old poorly maintained equipment belonging to pg knee online's that stayed active during peak conditions, and now we're all living in an RV. Olsen adopted her boys out of foster care. They'd been homeless before that I never wanted them to have to. Deal with homelessness ever again, you know they were supposed to have a forever home someplace where they felt safe for the rest of their lives, and now that's Gone Olsen calls PG needs power shut offs a necessary evil. Two hundred miles southeast Terry McBride has also suffered the consequences of fire and power shut offs. Her home in the community of mountain ranch was hit by a PG and caused fire five years ago. Twenty Four Hundred Square Foot House to a two hundred, fifty score for camping trailer. Just telling you if you didn't laugh, you'd cry she surviving PG needs power shut offs in her trailer. It's like when camping, you know my mom's got electricity and dress. So I was able to put my frozen stuff in her freezer so they don't go bad it's been tough, and while some PG fire survivors feel relief that the company is proactively cutting power McBride is frustrated at the utility for neglecting its lines for years. My feeling is why didn't you do your job in the first place? Why are we having to go through this? Now PG has promised to make long-term fixes to its lines. So power outages like these aren't permanent way of life for NPR news I'm Lily Jamali in San Francisco.

PG Northern California Olsen Terry Mcbride San Francisco Edison Lilly Jamali NPR Lily Jamali Olson
"pge" Discussed on Change Lives Make Money

Change Lives Make Money

04:40 min | 7 months ago

"pge" Discussed on Change Lives Make Money

"You'll get success. So you have to be willing to move fast because you will be successful but also be willing to fail. It's like a two sides of the same coin success like speed because the faster you move fast you get results and more than likely you will succeed, but you have to also be willing to fail like when. I signed my first client Everwood nomination. It's possible that that client could have gotten absolutely no results. I could have been the worst coach ever and he wouldn't like hated me and ask for that is a possible like that's a reality and it's also possible that could have signed my first ever pizza nomination client that client got results than he referred clients. And then I felt like more people found out about me and then my business continued to grow and then two years later, we've worked with over five hundred coaches seventy three of them over ten K. month. That's also possible. But none of that would have happened if I would've sat there and thought about how cool pge nomination was but success speed and. Understand that and so I decided to move quickly guys success always favors those who are willing to move forward like you have to be willing to fail. But understanding that failure is a lot less likely as long as you're moving forward because even when you feel like, let's talk about failure let's say that you sign your first client or you try to. Start Your coaching business, and for the first three months, you don't sign any people on your off, fuck? I. Should have waited. We'll like you can learn from that experience and you can get better than you can improve either way like moving forward is always a good move because you're either going to succeed and get the results you want or you're gonNA. Learn something, and then from that lesson, you're going to get close to the results that you want but like that comes from experience. So either way whether you like win or you learn, you're still moving forward success likes speed..

pge
Jessica Kury Special Olympics of PA

FitLabPGH

05:55 min | 8 months ago

Jessica Kury Special Olympics of PA

"Welcome back to another edition of the Fitness Lab Pittsburgh Aka fit lab PGE podcast. We are a podcast that has ethos moving a lifestyle not just an activity. We want to give a big shoutout to Richard Butler for. US to today's guest and a big shout out to today's guests for being one of the first fit loud pg guests who has agreed to appear via zoom rather than US travelling to her or her traveling to us. Thanks covid for decreasing our ability to cross bridges and go through tunnels to meet people. We can still take advantage of technology learn about neat movement events in the Pittsburgh Pennsylvania area today we are with justice. Jessica Curry. She is the director of special events for the Special Olympics of Pennsylvania, and we're going to find out about how she got involved with the Special Olympics. What exactly the Special Olympics is. If you don't know and I know I, WanNa know how the Special Olympics of Pennsylvania ended up headquartered. In Pittsburgh I was surprised to learn that what I was doing my research and I think she's got a special events coming up. This got an acronym as far as that you could participate in virtually with other special Olympic athletes. So Jessica, thanks for taking time to talk to loud PG H. Thank you so much for having me. I really appreciate it. Bye Favorite question I always want to ask people that I interviewed for PGA H. in that I always do is are you a Pittsburgh native if you're a Pittsburgh native? Why are you still here if you're not a Pittsburgh native, what brought you to? Pittsburgh. I am I have a Pittsburgh native born raised. And Baptized on Super Bowl Sunday. So you know Pittsburgh girl and. Nineteen seventies I'm giving away my age now but yeah, Pittsburgh girl born and raised scold out of state and coming back about it's probably been about fifteen years now that I've been back in the city of Pittsburgh but I did the unthinkable. I was in North Hills kid and actually crossed a tunnel and went through earth room whether tunnel cross the bridge I believe just moved South Hills when we came back, which apparently is something you don't do here. I know he's interviewed a couple of people who've done that and one of them said that her mother still refuses to come see her in the South Hills from the North Hills and say one way trade or a one way car ride that way because mom apparently does not go south and great. It's fifteen minutes. It's such an easy drive. Really. and. I'm always curious when we interview people for this. What draw drew you into being involved with what you do your with these Special Olympics what was your background to get you in this where you somebody who you are in high school made you you took an adapted class or volunteer said boy this is a really neat thing I want to be involved with this or is that something that maybe happened afterwards or a little bit later on in life? He also interestingly I did not study any kind of adaptive movement or anything like that through high school or college my degree's actually. Public speaking and writing. And I worked for the development team. So I, do a lot of both development. We obviously do fundraising for Special Olympics had been working in nonprofit for a long time if worked for a substance abuse clinic in the animal shelter. And then most recently Special Olympics I've been here for five years now and. When I work for a nonprofit, having a mission having 'cause is something that's really important to me. If I'M GONNA give all he knows so much time and attention. It's GonNa have to be to something that I really truly believe in the Organization is 'cause is absolutely something that I do believe in I grew up with a cousin who is an athlete and were only six months apart. So this organization has actually been part of my family and my life since we were children. Our Age starts about seven where we start training younger children on appropriate eating habits. It's a young athletes program than getting them ready, and then they can start participating as they get older. So she had started at a very young age and is still active where. We're going to be forty five. So, she's been doing this for a really long time. So this is literally been in my life forever. Here's. Ano- know I WANNA learn more about that because I seem to recall at some point reading somewhere in a blog or something like that that there are some special Olympic athletes who are sixty plus years old who have probably been competing even longer than your cousin is yeah. Yeah we do. We have athletes ranging in age from seven to into their eighties. We are fit lab Pittsburgh were podcast that promotes movement. We always like to find out the activities that people. Do themselves that we interview even if they're working for specific companies or specific specific on prophets, I, know we interviewed a lady in the past he said, well, I'm not really an athlete I dance three or four times a month and I swim I walk US I don't know you are an athlete I. Tell people when I teach health classes at universities like your goal is to be able to do whatever you WanNa do when you WanNa do literally until the day you die not have that fear. So I'm curious. When you were growing up, were you in active can't or are you somebody who wasn't active and maybe became active a little later on in life? Yeah. Always been inactive kid I always participated in sports all different Tennis softball. docker. you name it. I was never afraid to try it. Physical activity was something for me is just a very natural part of my life and something that comes easily to be danced in gymnastics for very long time since I was little and. That type of physical movement is something that just has always been very natural and very comfortable for me, and if kept doing things as I've gotten older definitely changed the things I can't do they used to. Buy I'm still still active still out Aaron Indefinitely. Still. Moving.

Pittsburgh Olympics Wanna United States Jessica Curry Pennsylvania Director Of Special Events PGE Richard Butler North Hills South Hills Aaron Development Team Tennis Softball.
"pge" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:27 min | 9 months ago

"pge" Discussed on Bloomberg Radio New York

"You went, stocks are climbing one speculation the Federal Reserve will signal continued economic stimulus. The Dow is up 70 points, NASDAQ climbing 97 as MP 500 up 25 points. Stop boxes headed higher after reporting positive July sales and General Motors is also in the grain after reporting a smaller than estimated laws. But Boeing lost almost 2.5 $1,000,000,000 in the second quarter. The plane maker is slowing production and cutting more jobs as demand for commercial aircraft withers in the pandemic. They want. The housing market appears to be recovering from a devastating spring freeze due to the pandemic. The number of people signing contracts to buy homes rose more than 16.5% last month. Donna Wilson Bloomberg Radio. The following is a message from P. Jim Welcome to out seein 60 perspectives from PGE of thought leaders. Here's Mark Barabak, head of global equity of Jennison Associates. You're looking at bigger implications of technology, playing a role in keeping us all connected, giving us access to information or goods very quickly, So we don't see any of those trends changing. In fact, they're likely to accelerate. There's some new things that have come along know that people might find useful like telemedicine. There were sceptics about that, and I think the more people using especially the more doctors or using it today, The more they're liking it. You can see more patients that can be more effective. That might actually be a better solution here. More peach and perspectives at p jem dot com That's PG i am dot com partner with PGE in investment management business of Prudential. These statements are not intended to be investment advice and should not be used as the basis for any investment decision. Imagine being fired because of who you love. Imagine being denied medical treatment because of who you marry. Imagine being evicted because of who you are. Millions of Americans don't have to imagine this. They have to live it because in 31 states, it's legal to discriminate against LGBT. People get the fax it beyond. I do dot or brought to you by the Guild Foundation in the Ad council. How long will it take for the economy to recover? How many of them have remained on the job? Throughout this people are not going to be in public Transportacion. Nobody knows you have received £600 million in the UK, but we can promise the most complete information and the most detailed analysis. The question is what kind of recovery will be to every twist and turn? Would you be wary of investment in China? At this point Bloomberg Radio. The Bloomberg business happened. Bloomberg radio dot com. Bloomberg, the world is listening. This is balance of power. Bloomberg television and radio. I'm David Westerns. Timeout for Bloomberg. First word news that we goto Mark Crumpton. Mark, Can you hear me? Mike Mark may not be able to hear me so we'll come back to market little bit later. In the meantime, we want to talk about what's going on up on.

Bloomberg Mike Mark PGE Federal Reserve Mark Crumpton Boeing General Motors Mark Barabak Donna Wilson David Westerns Prudential Jennison Associates head of global equity Transportacion UK partner Ad council
Thoughts on Dealing With COVID-19 from Doug Petrick Upper St Clair HS track & XC coach

FitLabPGH

07:57 min | 1 year ago

Thoughts on Dealing With COVID-19 from Doug Petrick Upper St Clair HS track & XC coach

"Welcome back to another episode of the moving to live podcast and also the fit lad. Pge podcast listeners. Know if you've listened to us before sometimes we cross pollinate or interview. Somebody who makes a great guests for both fit lab? Pga In moving to live. Both of our podcasts. Have Ethos movement is a lifestyle not just an activity fill out. Pittsburgh tries to highlight people who do great movement things in the Pittsburgh Pennsylvania area moving to live tries to break down knowledge silos. And I think today's guest is well suited for both podcasts. Were in the middle of starting week. Five about halfway through week. Five of the Pittsburgh area. Essentially being in social distancing schools are not in session other than virtually and people across the world probably are very aware. It's very similar in various places. Today's guest is Doug Patrick. He is a cross country track and field coach. Upper Saint Clair high school which is a suburb of Pittsburgh. Pennsylvania is also a physics professor. I think from what I've seen is probably the person that I have seen. Who Uses twitter to the best effect of anybody else? As soon as we're done with this I need to find out more twitter. Twitter twitter tips from him. But I think if anybody can talk about the effect that it's had on a career on athletes these coaching and also he somebody who organizes a yearly cross country conference for high school coaches across Pennsylvania and in some cases in other states that he's been I won't say forced but he's had the opportunity over the past couple of weeks to realize this is not going to happen face to face. This is actually going to happen on zoom so doug thanks for taking time to talk to a fit lab. Pittsburgh in moving to live all. Thank some real excited. Kinda talk in connecting share a little bit about what we do like the first thing. That's very interesting to go over because I find it fascinating. I actually have a podcast that came out today where recording today with the physician who is in Italy who has been in quarantine for over four weeks. When did you first find out that your job is a physics teacher and as a cross country coach at Upper Saint Clair that you weren't going to be going into work early morning every day So I WANNA say probably March eleventh was when all this like hit in terms of at the high school and I know earlier that week At students asking. Hey what's going on or we heard. Were not going to be here next week. But I believe the date might the eleventh and our administration had hit said you know the following week we would not in school and I think at that point. It was just sort of a suspension through the middle of April So that being said you know. Uh Sports deathly weren't going to be happening During the suspension academics weren't GonNa be happening and like I wanna tip my hat to the administration at Upper Saint Clair School. Because they were very proactive about like thinking in having a plan in place in not rushing to hurry up and do something to fill time In I had a feeling that we weren't going to go back to distance learning illness after the last three weeks But until we got the official word It are like department meeting which was virtual that you know. We're not going back into the building and you know the state for athletics and activities. Said we're we're down without as well. I don't Wanna Seattle's in disbelief but I just didn't process it. It didn't seem that real so until I think it was like last Thursday That's when we got the official word and you and I were chatting prior to starting recording. I think I mentioned to you that I I started to take it seriously. Maybe four or five days before that and March tenth or eleventh was what I shut everything down to. I'm fortunate in that my real job is I teach online for California University of Pennsylvania so my job per se hasn't changed that much but I'm curious prior to that March eleven. Say a week before that or two weeks before that where was the thought process or was there a thought process about Cova nineteen in the upper Saint Clair School district as far as you as a teacher also as a track coach where you're traveling all over western Pennsylvania. Yeah so I guess we go back to the end of February. We're still in our indoor track and field season. So we're actually Penn state. We had ugly. Three athletes go to the state in so it was the NFL. Or wasn't I don't want to say it wasn't hitting United States but it was something wasn't in the public train were in any of the media and it. Maybe I was naive but I didn't know how it would impact us or if it was going to impact us so I can only speak for myself just in terms of when it. I hate you know that week of the eleventh before the eleven at the beginning of March I would see things come up on on the news. You're in my twitter feed and really. I didn't know the magnitude of what it was in Seoul. The fallen wake you know we weren't school in All the information that kept coming for Nats I just I didn't have a lot of information about the beginning so I didn't anticipate the magnitude. It was GonNa have on everything in everyone's like how long after they March eleventh again just for people who are listening and I know it differs from state to state. Were you aware that the track season was not going to continue score to cease to exist from that point forward. Yes we two leaks in. That was in the sacking leak and the way and the WPA out kind of like two weeks mention of nothing ends. You know on the way home when I got home. Phone's blowing up and local coaches on texting on their taxi. May and I guess different districts were handling it differently summer just doing exactly what the POW said. Some were doing more than what they had said. by I don't WanNA say wasn disbelief but it's sort of as more time went on initially thought we would go back. Maybe we'll just have a district championship or they would modify St Ann's probably about a week and a half ago. I just thought my mocked. It seems like this is just not going to happen. part of that. Is You know a lot. The kids that we have the in college I mean their seasons were cancelled at the beginning of March in. I was thinking you know if college is GONNA CANCEL NOT SEASON. It would make sense to me that a high school. Oscar Cheese Whiz go on. I'm curious I know you have a number of athletes. Go on and run in college. What effect do you think that? This is going to have on high school seniors now as far as getting recruited or getting if they're good enough getting scholarship money to go to college is the fact that they are not going to be able to run their senior year. Run Times they're potentially or PR's right no. It's it's going to impact a lot of kids. I would almost even say kids. That are juniors in terms of if they're track athletes usually their junior year weather guy or girl those the Times that the colleges used the rhythm their junior in spring track. So yeah there are GonNa be at a disadvantage. I'm some seniors. We have that are. GonNa run in college. They were in the process of sort of on being proactive prior to that of visiting schools reaching out schools figuring out if know running is GonNa work in their future with academic so seniors are missing their senior season But I almost want to say maybe juniors. They're going to be track athletes. They're you know they're they will have no times at all. Naturally with colleges. College coaches look at in terms of recruiting.

Pittsburgh Twitter The Times Saint Clair High School Pennsylvania Upper Saint Clair School Doug Patrick Upper Saint Clair Saint Clair School District PGE California University Of Penns Penn State Seattle Official NFL Seoul United States Italy Professor
California utility SDG&E works to prevent wildfires

Climate Connections

01:10 min | 1 year ago

California utility SDG&E works to prevent wildfires

"Power Lines owned by California utility. Pge caused several recent wildfires. But it's not the first utility to be held responsible for it dangerous blades more than ten years ago. Wires owned by San Diego Gas Electric or SD. Genie were blamed for sparking fires during a period of strong dry winds since then. Sdg has taken major steps to help prevent future fires our biggest risk that we have is the potential for power lines to ignite a wildfire so a lot of the steps that we're taking is to prevent that ignition. Brian Estino is the utilities director of fire. Science and climate adaptation. We have right now. Over one hundred ninety weather stations monitoring micro weather conditions on every circuit that we serve in the back country that enables the utility to shut off power when dangerous conditions arise. And it's making it systems more fire resistant. For example by replacing would polls with steel poles insulating power lines or moving lines underground. D'agostino says that as the climate warms the risk of wildfires is growing and Utilities.

PGE San Diego Gas Electric D'agostino Brian Estino California Director
Microgrids can help us be more energy resilient

Marketplace Tech with Molly Wood

04:43 min | 1 year ago

Microgrids can help us be more energy resilient

"There is for the moment of brief respite in California from blackouts imposed by the state's biggest utility. PG Anne and from dangerous fire weather are but climate change means extreme fire seasons are the new normal PGA has said it could take a decade to upgrade it's infrastructure so it's less likely to spark deadly fires on Thursday. The utility reported a one point six billion dollar loss in the third quarter related to fire charges and a group of California mayors think thank. PGE should be turned into a publicly owned cooperative utility. But what if the answer in California and elsewhere is just to get off the grid or for for utilities to split up into lots of smaller micro grids. That's the topic for this week's Quality Assurance David Roberts covers climate change and energy for vox micro grid is a little miniature grid that can at least temporarily cut itself off from the larger grid in the case of a blackout or something like that and micro grids sort sort of can manage You know there can be lots of different resources. Within a micro grid there can be your rooftop. Solar panels on homes or businesses their home batteries. Like the Tesla Power Wall basically becomes a miniature utility of its own and there are communities in California installing these things already because they have a lot of benefits even outside of emergency power but obviously now the interest in these things is spiking in California and you see you know lots of like solar companies. He's in battery. Companies just being inundated with requests for the stuff. Let's the long-term business impact of that if you start to see this grid grid defection at a high level whether it's individuals or entire communities does that really reduce reliance on utility and frankly could weaken weakened even more well yes. The basic tension here is that investor owned utilities like PG any make their money by investing in things so they invest in grid infrastructure and then they get a guaranteed rate of return on those investments so naturally they want to invest best in grid infrastructure. Right that's where they make their bones but micro grids and sort of local power reduce reliance on this this big centralized grid which puts them sort of directly at odds with the financial interests of investor owned utilities as currently constituted. So we're in this situation now. Where the interests of California communities in becoming more self reliant In terms of electrical power is just sort of by structure. Structurally at odds with the interests of the big utility and that tension needs to be resolved are their existing utilities or states or cities that you know of that have that structure that are more open to this kind of micro grid and or different compensation instructor idea sure. I mean this conversation about investor owned utilities and how to restructure their incentives is going on all over the country. This is a huge hot topic in the energy world even even before this sort of interesting to kind of come out in the open and watch the public to engage in it but yes it's called performance based East Regulation Pbr's acronym and the whole idea. Is You tie compensation to performance metrics. Like how much renewables have you integrated or how how much Heating of you electrified and the utility performs against those metrics and has variable compensation depending on how it's doing so there are experiments in that kind of thing going on in New York in Massachusetts and other states. It's not a completely new thing but California for all its sort of reputation as kind of a cutting edge state in terms of its utility utility structures. It's very old fashioned very sort of behind the times in these things so it would be a scramble to do it now. Can Technology help here. Could Apple use some of its hoard to create a really good-looking home solar battery restorage energy storage system so there are very sophisticated systems available now. What's needed now is just bulq? which drives the costs down right? We need the market to be able to scale up efficiencies of scale will will set in naturally. So that's where California could step in right now. Just like set a couple of billion dollars aside aside for subsidies for vulnerable and low income homeowners to afford these systems. That seems to me like just a no brainer. The very first thing California. You should do David. Roberts writes about energy and climate change at

California David Roberts PGE Anne PGA Instructor New York Massachusetts Apple Six Billion Dollar Billion Dollars
California Businesses Face Another Round of Blackouts

WSJ What's News

04:48 min | 1 year ago

California Businesses Face Another Round of Blackouts

"A fire in Sonoma's county sparked on Wednesday has grown quickly fueled by strong winds and dry conditions forcing the evacuation of hundreds of residents in northern California the fire is now burning over ten thousand acres and threatens to endanger area ranches and wineries the heightened risk of fire has also forced California Utility PG and e. to begin another round of blackouts the utility says it will cut power to one hundred seventy nine Zain customers that's far fewer than the seven hundred fifty thousand whose power was cut in the last wave of blackouts earlier this month but residents and businesses are struggling our Jim Carlton checked in with some of them and joins me now from San Francisco so jim when we think of businesses that might be most impacted by these blackouts. I think obviously people in the food business come to mind restaurants that have to make sure they have fresh food and then grocery stores who have to ensure that it's stored properly but you spoke to us their businesses ranging all over the map including art galleries tell us what you heard from small businesses amid these blackouts you come across the board they're talking about pretty a surprising amount of losses I talked to a custom framing gallery in California and that's kind of a cute tourist town on on the way to Lake Tahoe surrounded by beautiful trees pine trees and in the summer the shops are filled with tourists and whatnot and also in the winter when skiers went up and I talked to Daniel Anderson who owns pop art custom gallery in he said that they lost during the shutdown two thousand dollars a day and lost business and not only that but also lost you know the some of these people won't give referrals so it's kind of lost potential businesses well and so in all he lost about eight thousand dollars so as a pretty significant blow to him and what are you hearing from restaurants and people in the food business about efforts to preserve their product accent what they're struggling with y'all so there's another grocery of cold mill creek grocery and they had problems last a lot of groceries. I think the California Grocers Association estimated that the losses of something like three hundred dollars to one thousand dollars per day on the small markets you know lost produce and whatnot there's actually a company that the new leaf community markets in Santa Cruz County they have portable refrigerated trucks and they would go around and try to do you know save as much merchandise as they could but I mean so really I mean the groceries though have a very hard time because they have so many items comes in so many perishables and the bigger chains railly's is a big chain out of West Sacramento they have generators you'll safeway they have writers about these small mom and pops they may have a generator but might not be big enough to really absorb the impact Jim overall our business owner's feeling amid what might become a new normal for them. PGE has said it plans to continue doing these blackouts win high winds become a risk they are super angry I mean I mean I've heard this from the residents but I mean the the businesses are just like you know I mean the first shutdown was hard enough on them and you know and get that they don't want I mean I mean of course it's preferable to a wildfire destroying their community but you know like you know Daniel interests telling me I mean this this is not our fault this PG. appea- Jenny didn't make the necessary investments in the pinion of him and many other people in the state to prevent US equipment from igniting wildfires and so now these businesses are having to pay and this is the worst part is that they really can't get reimbursed is kind of a gray area the you know there's insurance they don't think it's going to cover all the losses governor Gavin Newsom did propose PG handout checks of two hundred fifty dollars per business to compensate them for the losses from the last outage and Miss Anderson call that a slap in the face it's just a drop in the bucket in almost an insult so they're not happy and how is pg responding to those concerns each time that CEO Bill Johnston addresses the press he's been doing nightly press briefings at their headquarters in downtown San Francisco he's always quick with an apology he also points out he's only been on the job six months but he's looking forward not backwards but they acknowledge that you know things could have been better the pass they're looking towards the future and you know he says these planned power shutdowns are necessary to prevent another catastrophe like you know wiped out the town of Paradise last year so they're kind of between a rock and a Hard Place Wall Street Journal reporter Jim Carlton Joining us from San Francisco thank you so much Jimmy thanks

Jim Carlton Daniel Anderson Bill Johnston San Francisco California Gavin Newsom Zain Lake Tahoe Sonoma California Grocers Association United States Business Owner Santa Cruz County PGE West Sacramento Paradise Miss Anderson Street Journal Jenny CEO
PG&E Stock Is Tumbling Because Its Bankruptcy Just Got Riskier for Shareholders. Here’s Why.

CNBC's Fast Money

01:43 min | 1 year ago

PG&E Stock Is Tumbling Because Its Bankruptcy Just Got Riskier for Shareholders. Here’s Why.

"We're following a developing story out of Northern California widespread blackouts continuing today as pge cuts power to more than a half a million customers. This does utility giant tries to ward off the risk of deadly wildfires. Let's get to Josh Lipton Live in Berkeley with the very latest Josh so Melissa in Berkeley California in Berkeley Hills specifically which is one of these areas that had their power cut off about four thousand customers here had their power cut off port what's going on here is that you have this strong wind which is ripping through the state At Peak Times today peak wind hit seventy seven miles per hour and some parts of California Nat is the concern to p ginny that's the worry that that damages the infrastructure and leads to more devastating wildfires that we've seen here they took this step pg any they shut off power hundreds of thousands of customers of course a customer could be a business or a building so you really could be talking about as much as two million people were going to be impacted here in terms of economic because that could reach as much as two point five billion dollars and as you mentioned this is coming to the critical time for PG sought bankruptcy protection earlier this year but then he the judge just step in and open at least the door to this other potential rival bankruptcy protection and that just crater the stock today you saw it's not on track for its worst year ever other companies responding to say Melissa Tesla for example apparently reaching out to its California customers reminding them about the importance of charging up and I'll just end here on another utility that's in Focus Edison international which is now shut off power to about thirteen thousand of its customers that's southern California there without power to these same extreme wind guys back to you

California Josh Lipton Northern California Berkeley California PG Melissa Tesla Berkeley Berkeley Hills Focus Edison International Five Billion Dollars
"pge" Discussed on FanGraphs Fantasy Baseball

FanGraphs Fantasy Baseball

01:56 min | 2 years ago

"pge" Discussed on FanGraphs Fantasy Baseball

"I don't think I'm pushing him down because I think he was kind of underrated coming into in terms of like is handy. Pge is a love Jay. Yeah. I do too. I've always been a big Upton fan. I. I'm pulling up as ADP in main events. This kinda see exactly where it's going. But my recollection is east currently going fifteen one fifteen the thirty fourth outfielder they'll a lot of these guys long area. I really like is gone as late as one thirty two as early as eighty five. I think that is going after casinos. He's going after Haniger. I don't know that that's fair. But now that is you know, he's got an injury. Maybe that's fine. So yeah, the only hard part is there's guys going in the exact same areas him that I just like a little bit more, Illinois. Who's got a you know everyday job now because the contract mccutchen going right behind him. I'm pro I was probably taking those guys over anyways. And that's why I don't have any shares especially mccutchen. I really high on what he's going to be able to do this year. The one thing that might happen with just enough. Then this. On this toast, brain is that if it lingers or even impacts in for say a month of time, it could take the stolen base, the let's just take the average of the last three years. He's averaged. 10-stone basis of it takes that down to six or seven. It's a little bit of a value hit. That's it. It's really not game. Changing. It doesn't he'll start on the I L, but he might just miss opening day against against Oakland. Right. Next up. Barf bag. You ready? In case, you're gonna vomit because I wanna make sure you're prepared. I'm ready. It's our the listeners prepared guys. I'm not kidding. If you're driving get your barf bag..

mccutchen Pge ADP Upton Illinois Haniger Jay Oakland three years 10-stone
"pge" Discussed on KFI AM 640

KFI AM 640

02:18 min | 2 years ago

"pge" Discussed on KFI AM 640

"Sinn sued PGE, claiming the utility was to blame. But state investigators just released a report finding the fire actually started. Because of a homeowners bad wiring not equipment owned by PG. Any the utility could still face legal action. Cal fire has said, sagging, PGA power lines were responsible for at least twelve wildfires in northern California that year, Monica Rix, KFI news county is trying to help people with mental illness avoid jail time. DA? Jackie Lacey, says her office has opened a mental health division. Really the goal is to get treatment. Before they end up before someone has to call. The police Lacey says diversion programs will only be for inmates not considered to be a danger to others. She says thousands of people in the jail system have mental health issues to test bills to reopen. The federal government had failed in the Senate. The Republican proposal included funds for the border wall. The democratic Bill did not Vermont Democrat, Patrick layhee says the shutdown is hurting the country to hide virus used a pain. Suffering of the American people as leverage to force the US tax payers to fund the president's bumper sticker campaign slogan southern border. President Trump insists a wall would keep drugs and human traffickers out of the country. Everybody look for the most part people in grief. I say everybody, I would say almost everybody agree we have to have border security. We have to have a wall in order to have border security. You cannot have border security without Trump says there are a lot of alternatives to the bills being discussed to reopen the government, and it looks like there is a lot of discussion tonight between both sides, and maybe House Democrats tomorrow will propose a Bill that could include funding for border security. Let's get an update on the five in Buena park. Elaine have opened on the northbound side coming up on the ninety one freeway and traffic's quickly picking up out of Anaheim, leaving Lincoln the drive involved. In park remains a bit challenging on the ten eastbound across it Felton park boulevard. Blocking the carpool lane. And that's keeping the drive slow moving leaving the six zero five this earlier wreck in Glendale, it's out of lanes. Now when thirty four eastbound just before San Fernando road traffic is still picking up coming away from for you know, what it looks a lot better looks just a little crowded right around Buena Vista, and.

Jackie Lacey President Trump Buena park federal government Sinn PGE Buena Vista Monica Rix Glendale US KFI Vermont Senate president California San Fernando Patrick layhee Elaine Anaheim Lincoln
"pge" Discussed on KGO 810

KGO 810

07:45 min | 2 years ago

"pge" Discussed on KGO 810

"One five eighty eighty eight ten four one five eight zero eight zero eight one zero. The campfire still going. We were just talking to melody Gutierrez from the San Francisco Chronicle one piece of good news. I see Lizzie Johnson from the chronicle tweeted out about a place house. That's still standing sixty six seventy two twin oaks drive, congratulations. If that is your home, apparently, it is still intact and not burn cooler weather should help. But I saw this story, and I just a zoo. Boy, I can only imagine apparently is in the chronicle a dozen people went to the middle of what's reservoir. Con cow is that how that is pronounced twenty miles east of Chico last Thursday. They went out into the lake dog cat all the above all the family. At least a dozen a dozen others. Someone is all ninety ran into the lake all wearing what they had woken up in. Oh, boy, trying to get into the water, and and survive the fire just amazing stories of survival from this absolutely horrific fire that has killed more than any other fire in California history. More by far at that. I mean, just not didn't not just is utter and complete devastation. Now PGA is under fire heavily. I brought it up the other day that there were reports about PG and their lines near where the campfire origin was now PGA is saying that a line it had sought to work on in the area of the origin point to the campfire was not the same line. It had reported as having experienced problems shortly before the blaze ignited, they acknowledged that it had communicated PG needed with a view county resident last week about plans work on a transmission line under property. She claims she had received an Email from the utility the day before the fire began saying it needed to repair some equipment on or near her property. PGE also told state regulators that a power line near the origin point experienced a problem, just before the fire broke out east of Chico. And I'm just saying their stock is down fifty three percent since this fire started. And they were just too already by some survivors of the camp. Fire sued yesterday in San Francisco county superior court. Several victims is obviously going to be many legal attempts now to hold the utility responsible for the historic disaster. They're accusing in the lawsuit PGN PGE failed to properly maintain its infrastructure and equipment, again, doesn't this sound familiar from the north bay fires? Doesn't this sound familiar claims those alleged misteps resulted in the ignition of the still uncontained blaze, according to the chronicle Mike Danko one of the attorneys, followed. Ellie followed it. Involved in the case believes his lawsuit is the first against PGN. Ian connection the campfire now, obviously, we don't have enough, but that's how lawsuits work, and then discovery, etc. We'll find out what exactly happened. But they got started on the lawsuit. The lawsuit. They call PG and E safety record at quote abomination and that they developed a regular pattern of placing its own profits before the safety of the California residents. It serves rather than spend the money it obtains from customers for infrastructure, maintenance, and safety PGN funnels is funding to boost its own corporate profits in compensation. Is according to the lawsuit this pattern and practice of favouring prophets over having a solid and well-maintained infrastructure that would be safe and dependable for years to come left PG any vulnerable to an increased risk of a catastrophic events such as the camp fire. It's really important to have this conversation again. And again about a very large. Company like PG any? It's complicated. Their shareholders are not just wealthy individuals. It's calpers. Is shareholder mpg any? It's everybody is a shareholder. So when you go they just do it for their shareholders. Well, a lot of people are shareholders. It's not just bigwigs on the other hand compensation structure and overly fat administration is often common in these kinds of companies. I have worked at a large and worked in the corporate HQ where high level people's it at a gigantic publicly traded utility company, and I can tell you firsthand all of these organizations are government included is top heavy. That's how they do. It intentionally and companies like PG because they're a monopoly a municipal state. Regulated monopoly. A state approved monopoly. Hires more people than they necessarily need to because they want as many employees as possible. Because that's important to show that they employ a lot of people in the community. It's like the defense contractors when we're building the f thirty five aircraft right now, do we really need to have that made in thirty seven different states. Now that is intentionally done by the defense contractors. So they get as many congress people in senators to support the spending on the military programs as possible PG, and he's no different. Public utilities are no different. They is there's politics at play in. How you play those politics is part of it. So when you say, well, they don't spend their money on maintenance properly in this lawsuit. There's some truth in that because they spend a lot of money on bloated bureaucracy. Which of course, nobody in a bureaucracy ever believes that their job is part of the bloat, but an outside observer will look at it and say, oh, maybe a year. Maybe you're overstaffed by about twenty five percent. But they do that intentionally. They need as many employees as possible. And yet we get the phone calls like I did yesterday on the show where people like, yeah. But they cut employees out that do the actual work in the field. Yes. Because the white collar is the last place where they do the cutting has always let's just always how that stuff works. Man, so sad to St. what has happened with this fire and so many lives of directly affected if not lost. And just hoping the best for everybody coming out of this coming up in just a moment, though. I want to shift gears a little bit. Let's talk about. These recounts thirteen place. Oh, by the way. We now have the leadership battles going on. Kevin mccarthy. Just one. Is being challenged as well. Should she win as speaker of the house, and I'm gonna waste and tickets in just a moment for when five eighty.

PG Fire San Francisco Chronicle PGE California Chico melody Gutierrez Lizzie Johnson PGA San Francisco Mike Danko Ellie Kevin mccarthy Ian congress fifty three percent twenty five percent
"pge" Discussed on KGO 810

KGO 810

01:44 min | 2 years ago

"pge" Discussed on KGO 810

"The hospital enlisted in stable condition. Thirty residents in homes surrounding the building remedial evacuated. PGE shut off power due to the threat of flames reaching power lines and transformers. Two thousand people were without power early today. Crews were working to restore electricity again, I just have to ask this question. This is the fifth of a big fire like this in the East Bay. This doesn't even talk about the one yesterday that happened just blocks from the radio station here. How can we live in an age where our every move is monitored? By every I mean, whether it's cell phones, whether it's security cameras. Everything's running the NSA knows everything. But we've had five massive blazes of an under construction development last year's what what can we do about this? What do you think because that's not acceptable to me? Is not acceptable to me. One hundred twenty six units of housing go up in flames. Now, of course, the developers says that they'll still rebuild, but that takes time. And in the meantime, you'll continue paying more for rent. And I'll talk about more of these buildings. But I'm wondering what we can do about this. What do you think about it? Four one five eight hundred eighty eight ten. K G O eight ten and streaming online at K G O radio dot com is your financial adviser putting their money where their mouth is.

PGE East Bay
"pge" Discussed on KGO 810

KGO 810

03:25 min | 2 years ago

"pge" Discussed on KGO 810

"Five eight zero eight zero eight one zero is so the north bay fires horrible, horrible, horrible, horrible horrible. Right. And we find out forty four people died and a couple of hundred thousand acres burned. She's that was exactly a year ago that we are dealing with. And Cal fire, of course, has said that no most of the wildfires that broke out Mendocino Humboldt byu cinema lake Napa counties caused by quote, electric, power and distribution lines conductors and the failure of power poles and quote. So PG is responsible. Now, you reported that they have the they've notified the state that as their last resort. They would turn off power. Is that do I have that? Right, right. They would notify neighbors for about forty hours before they they make the move to turn off the power, but they got the okay from the state. The state regulators to go ahead and pull the plug on trinity. But they called it a last resort. So. Wow. That happened quickly. This yet. Fire conditions must be that bad up there. So is that bad? But look where we are. Now, look where we are. Now, how does this feel that all of a sudden if you're in calistoga, I just looked Wayne Freedman just tweeted out street lights out in calistoga after PG cut power traffic flow on the honor system on the honor system. So this what a first world we live in. Isn't it Elliot? We don't even have electricity and my my my friends on the right one to complain about Venezuela. We're like that right now, we don't have regular power in huge swaths of northern California right now because of high winds and low humidity, the electric company PGE is turning off power turning off power. This is I just I don't know about you. But my reaction to this is exceptionally negative. It's they're stuck being twin of rock and a hard place. I mean, it it's public safety number one, right? So are you keeping the public safe by by turning off the power and reducing the threat of wildfire? Or does that increase the risk of the public because they don't have electricity. Now, we have other dangers that get that happen. Great. So now, let's say I have a home medical device. I don't know. Let's say an oxygen pomp that I need because I have a health issue. Now, I don't have electric city. What about that impact? So you you have those types of issues now granted hospitals and whatnot have generators and backup power. But here's my big question for you. How many PGA execs had their power turned off? How many live in the areas and lost their power to tell you something I'm gonna guess zero. I don't have the fact in front of me, but I would wager large sums of money that if a PG and E exac had their power turned off and didn't have a backup power supply paid for by the utility that they would figure this out very quickly. But because it doesn't it? Affect directly the top brass..

PG calistoga Mendocino Humboldt byu PGE Napa Wayne Freedman Venezuela California Elliot hundred thousand acres forty hours
"pge" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:19 min | 2 years ago

"pge" Discussed on Bloomberg Radio New York

"You're listening to masters in business on Bloomberg radio. My special guest today is David Hunt. He is the president and CEO at PGM, which is the tenth largest asset manager in the world. You were at McKinsey prior to joining PGM. What was your first job at PGE? Unlike what was your role when you first joined the company, so I joined in the same role that I that I have now I came in as the president and CEO, and I think that in many ways, it was a very a very natural fit with my with my background. I probably spend about half of my time leading but not managing the investment units. Spend about a third of my time externally with with clients at conferences are really trying to keep my ear to the market. And then I spent some time on my kind of corporate duties for a provincial more broadly and with our board. So what's it like leading but not managing the various asset units. That sounds kind of interesting. It's it is absolutely a delicate a delicate balance, and I do like to say that the right style of leadership for a wall. Like this is much more as a as a servant leader. So I come into the office in the morning. And what's in my mind is what do I need to do to help? The people running our businesses be successful. I do not come in in the morning and think these guys somehow report to me in a classic corporate style. I think that's an extremely important mindset in the investment world investors, don't want to work for a large corporate hierarchy. They want to work in a place where they have a ton of money and freedom to express their often, contrarian points of view, and you need to create an environment where that's not just acceptable, but actually encouraged so what happens if one of these contrarian, suddenly go off the rails and they're talking about. Hey, this this XYZ's terrible. And we need to move to golden bottled water, and we're gonna hide in a cave somewhere. How do you deal with UK juvenile overreactions of of managers because all of us have a tendency to allow our emotions to get get the best of us without a doubt. And I think one of the things that we do. Well, is we have a very disciplined team based investing process. So one is that we have very few individuals who are making those decisions we have a clearly defined process which. Lays out how we believe in investment thesis should work, and we stick with high conviction trades that stay within that philosophy and oftentimes will be wrong for some period of time. And that's okay. But we make a very clear distinction between high conviction within a process versus somebody who would make a move outside of what we've told clients that were actually investing behind and in that case, we ran it back very quickly and very abruptly. What was the environment? Like during the financial crisis was everybody on point than thinking. Hey. I wasn't in this role during you missed it. So timing is important in all. So I went over in two thousand eleven okay. Oh, so you've been there for seven years. That's a decent. So your whole experience at PG has been during what pretty much looks like a rip roaring bull market, certainly domestically. If we're talking emerging markets, perhaps not so much. How do you think your role might change when the wheel turns? Well, I think it's a great a great question. There's no doubt that in the years since I've been in the seat we've had pretty friendly markets and for our mix of business. I would say that's been particularly true. Because not only do you have. You know, the equity markets which have been moving up, but you've also had relatively low rates around the world and pretty stable, and then you've had a pretty attractive real estate business coupled with our private businesses, which really have thrived as banks of pullback from lending. So we lend money into the middle market, we lend money into the real estate business and banks really pulled out of that were our substantially out of it. As a result. Those businesses grew very rapidly for us as well. So I think the macro environment for us has been extremely strong. We all know that will turn nobody can predict exactly win. But it will and part of the art of all of these managerial roles are being willing to stay a bit ahead of that and begin to prepare portfolios for four downturn. So you guys have about you guys Pugin has a one point two trillion in assets about if I'm doing this from memory so far me if I'm off a little bit a little less than two thirds is fixed income is that is that about right seven hundred. Plus. Yes, that's that's right. We tend to look at it a little bit more in terms of fees rather than assets because that tends to give you a better picture. And from that about forty percent of our fees are public fixed income about a third of it is public fixed income and the rest of it is alternatives, including. Interesting. So given that we've just had a thirty plus year bull market in fixed income and last year was the first year, we really sore that sort of coming to an end, what does this make your group think in terms of how you going gonna manage duration risk, etc. Are there big changes coming or is it? Hey, we have a thirty year time horizon. We don't care about last quarter. No, I think absolutely. We spend a lot of time thinking about the effect of of rates on our portfolios. If you go back in time, we were one of the first people after the financial crisis. That said that we believe that rates would stay low for very long time and actually that was out of consensus. Call most people thought, oh, it'll be like the last time it'll snap back quickly. And we really didn't think so and the reasons behind that had less to do with the fed and more to do with the fundamental problems. We have in our economy, which are. Low productivity and really low growth, and we felt that until either of those got fixed rates, we're gonna stay really low around the world, and you couple that with very accommodative central Bank policies, and obviously that turned out to be true. I would say as we went into thirteen and fourteen more and more people piled into our point of view, and I would say lower for longer kind of became the consensus view. Now, you see many more people are beginning. Again to say finally growth is beginning to pick up. We actually do believe. Now that rates are going to rise. We would agree to an extent. But probably too much less extent than most other people. We still have lower numbers on our our yield curve than most other people. We just see this lack of productivity lack of growth and importantly, the demographics around the world as keeping rates much lower than they've been historically. And for a very long time coming up we continue.

president and CEO PGM Bloomberg McKinsey PGE David Hunt UK PG fed Pugin forty percent seven years thirty year
"pge" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:18 min | 2 years ago

"pge" Discussed on Bloomberg Radio New York

"Business on Bloomberg radio. My special guest today is David Hunt. He is the president and CEO at PGE them, which is the tenth largest asset manager in the world. You were at McKinsey prior to joining PGM. What was your first job at PGE? Unlike what was your role when you first joined the company, so I joined in the same role that I that I have now I came in as the president and CEO, and I think that in many ways, it was a very a very natural fit with my with my background. I probably spend about half of my time leading but not managing the investment units. Spend about a third of my time externally with with clients at conferences really trying to keep my ear to the market. And then I spent some time on my kind of corporate duties for a provincial more broadly and with our board. So what's it like leading but not managing the various asset units. That sounds kind of interesting. It's it is absolutely delicate a delicate balance, and I do like to say that the right style of leadership for a wall. Like this is much more as a as a servant leader. So I come into the office in the morning. And what's in my mind is what do I need to do to help? The people running our businesses be successful. I do not come in in the morning, and these guys somehow report to me in a classic corporate style. I think that's an extremely important mindset in the investment world investors, don't want to work for a large corporate hierarchy. They want to work in a place where they have autonomy and freedom to express their often, contrarian points of view, and you need to create an environment where that's not just acceptable, but actually encouraged so what happens if one of these contrarian, suddenly go off the rails and they're talking about. Hey, this XYZ's terrible. And we need to move to golden bottled water, and we're gonna hide in a cave somewhere. How do you deal with the occasional overreactions of of managers because all of us have a tendency to allow our emotions to get get the best of without a doubt. And I think one of the things that we do. Well, is we have a very disciplined team based investing process. So one is that we have very few individuals who are making those decisions we have a clearly defined process which. Lays out how we believe in the investment thesis should work, and we stick with high conviction trades that stay within that philosophy and oftentimes will be wrong for some period of time. And that's okay. But we make a very clear distinction between high conviction within a process versus somebody who would make a move outside of what we've told clients that were actually investing behind and in that case, we ran it back very quickly and very abruptly. What was the environment? Like during the financial crisis was everybody on point and thinking, hey. I wasn't in this role during you missed it. Oh, so you so timing is important in all. So I went over in two thousand eleven okay. Oh, so you've been there for seven years that's decent. So your whole experience at PG has been during what pretty much looks like a rip roaring bull market, certainly domestically. If we're talking emerging markets, perhaps not so much. How do you think your role might change when the wheel turns? Well, I think it's a great a great question. There's no doubt that in the years since I've been in the seat we've had pretty friendly markets and for our mix of business. I would say that's been particularly true. Because not only do you have, you know, the equity markets which have been moving up, but you've also had relatively low rates around the world and pretty stable, and then you've had a pretty attractive real estate business coupled with our private businesses, which really have thrived as banks of pullback from lending. So we lend money into the middle market, we lend money into the real estate business and banks really pulled out of that. Or? Our substantially out of it. As a result. Those businesses grew very rapidly for us as well. So I think the macro environment for us has been extremely strong. We all know that will turn nobody can predict exactly win. But it will and part of the art of all of these managerial roles are being willing to stay a bit ahead of that and begin to prepare portfolios for four downturn. So you guys have about you guys PG has a one point two trillion in assets about if I'm doing this from memory so far me if I'm off a little bit a little less than two thirds is fixed income is that is that about right seven hundred. Plus. Yes, that's that's right. We tend to look at it a little bit more in terms of fees rather than assets because that tends to give you a better picture. And from that about forty percent of our fees are public fixed income about a third of it is public fixed income and the rest of it is alternatives, including we'll go stay quite quite interesting. So given that we've just had a thirty plus year bull market in fixed income and last year was the first year, we really sore that sort of coming to an end, what does this make your group think in terms of how you to manage duration, risk, etc. Are there big changes coming or is it? Hey, we have a thirty year time horizon. We don't care about last quarter. No, I think absolutely. We spend a lot of time thinking about the effect of of rates on our portfolios. If you go back in time, we were one of the first people after the financial crisis. That said that we believe that rates would stay low for a very long time. Actually that was an out of consensus. Call most people thought, oh, it'll be like the last time it'll snap back quickly. And we really didn't think so and the reasons behind that had less to do with the fed and more to do with the fundamental problems. We have in our economy, which are low productivity and really low growth, and we felt that until either of those got fixed rates, we're going to stay really low around the world, and you couple that with very accommodative central Bank policies, and obviously that turned out to be true. I would say as we went into thirteen and fourteen more and more people piled into our point of view, and I would say lower for longer kind of became the consensus view. Now, you see many more people are beginning. Again to say finally growth is beginning to pick up. We actually do believe. Now that rates are going to rise. We would agree to an extent. But probably too much less extent than most other people. We'd still have lower numbers on our our yield curve than most other people. We. You see this lack of productivity lack of growth and importantly, the demographics around the world as keeping rates much lower than they've been historically. And for a very long time coming up we continue.

president and CEO PG PGE McKinsey Bloomberg David Hunt fed forty percent seven years thirty year
"pge" Discussed on Converge with Casey Newton

Converge with Casey Newton

01:44 min | 2 years ago

"pge" Discussed on Converge with Casey Newton

"Energy usage has varied over time, but that's amazing. Is like the perfect kind of thing. You would one have in a product like this? Right, because I don't want to go log into PGE here in northern California to see my energy usage is I'd rather just sort of opened up my my house app and it was, oh, hey, by the way like you've used a crazy amount of energy this month. Yeah, and there with the long that's easy. That's just username password. So there may actually be some things where you could grab data pretty easily and you wouldn't have to rely on the camera, figuring out how old Rufus which maybe it can do, but I don't know. Maybe it can't. Yeah, I don't know. I'm not an expert in roofs, right? I mean, you must think a lot about how. How good our cameras and machine learning at evaluating various criteria. I mean, I guess when you're building a self driving car, you're not concerned with like, how old are these roads? But you know, my guess is that there probably is some sort of training set of data out there somewhere that would help you understand like the age of would for example. Sure. Yeah, absolutely. Yeah. Have you given any thought to the name of this, this particular company that you're proposing? No, but I guess I can't use meant in house together because then it'll be mouse and that probably doesn't help. Although it doesn't give you like a very cute logo right off the bat. What about lint? I don't know why just came with lint. My inner monologue is lost me. So lent you you lent in accumulates in the drier, and if you don't do anything about it right myself on this as well as you. So yes, it's lint I liked NO. Would it be? Would it be l. y. n. t. no, no, no. I think that's taken right. Well, that's a shame. It seems like that you were l. would be more available than Lynch dot com probably. But if you do.

Lynch dot Rufus California l.
Prime Minister, Congressman and Irv Chapman discussed on Masters in Business

Masters in Business

02:15 min | 3 years ago

Prime Minister, Congressman and Irv Chapman discussed on Masters in Business

"Vatican which was titled energy transition and care for our common home the pope encouraged leaders from such companies as bp exxon mobil and blackrock among others to reduce their dependence on fossil fuels and move towards renewable energies justify the thirteenth horse to win the triple crown with a victory in the belmont stakes today it was the second triple crown winner for trainer bob baffert and at age fifty two mike smith becomes the oldest jockey to ride into triple crown history finishing second gronkowski named for the nfl player and huffed berg was third i'm barbara kusak and i'm susanna palmer from bloomberg world headquarters as we've been reporting president donald trump at the g seven meeting in quebec turned the tables on allies who accused the us of protectionism this by offering what his top economic advisor described as a free trade proclamation trump shook up a meeting of the leaders of the world's richest countries with a proposal to eliminate all barriers to global trade that's a shift from his aggressive tariff threats ahead of the summit president trump said nafta negotiators are pretty close to agreeing on some kind of sunset clause a sticking point in talks this warning that the three way pact between the us mexico and canada can only survive if major changes are made nafta was a key topic when trump held a bilateral meeting with canadian prime minister justin trudeau on friday pg and e may face criminal charges for its use of equipment that ignited some of last year's deadly california wildfires the state has found evidence of alleged violations of law by pge in connection with eight of the fires house republicans are heading for a showdown next tuesday on a bill to allow those who came to this country with undocumented parents to become citizens plume birds irv chapman reports they fail to fashion a compromise so far republican congressman jeff dunham is among those that set a tuesday deadline to force a bill to a vote over the objections of party leaders now we're still negotiating trying to come up with a reasonable approach and border security but also a permanent fix for dreamers if you've been in this country if you've gone to.

Prime Minister Congressman Irv Chapman Canada Mexico President Trump Bloomberg World NFL BP Jeff Dunham California Justin Trudeau Exxon Mobil Nafta Advisor United States Quebec Donald Trump Susanna Palmer
"pge" Discussed on ESPN Chicago 1000 - WMVP

ESPN Chicago 1000 - WMVP

01:51 min | 3 years ago

"pge" Discussed on ESPN Chicago 1000 - WMVP

"On national tv but it's easy to kids walked over to them give us a fist pound and then goes back to the court and i'm thinking man you've been ripping them because he left your city that's that's what a good guy does right there so now feel saying to myself i'm writing my story whipping up and yet apologizing for it being them in the every room and paul george does a paul george and shows zero selfawareness and all kinds of ego right i'm writing my kicker and so my kicker is pretty much the hell with you paul george i get bigger why so bad we believe with the city though you just got there a couple of years ago whatever clarke cincinnati to burning down that town since i love people get mad on folks like me pg leave the town that's a joke it's not so much that he left although believe me that's no one likes they left and i realized that stars do leave townsville bronze left couple of them durant left um so around the country might easy to say hey this happens yeah we'll try when is your city okay try what is your seat and you've got to paul george and then he's going but it's the way he left to gutless lee didn't tell the pacers didn't make it clear what he was doing when they had the best off options available for trade finally let them know right before the draft uh guys i'm not coming back tied their hands and then his agent tampered and toll teams that was found guilty of this toll teams hey we're going to the lakers in other words don't don't trade for pge because he's going to the lakers so screw him and his agent big about their trade i mean doesn't look pretty good oh it does and i don't know if that i'm not good at the stuff like i'm not going to savour metrics and there's a little 21st century terms that i think that's the term is confirmation biased i think it what's not fair is looking at trade and look at how will the pacers did and say and nothing wrong with way paul george left lookout turned out it turned out 'cause kevin prichard made a brilliant be lucky although i'm not sure.

paul george cincinnati lee pacers lakers kevin prichard townsville durant
"pge" Discussed on Xtra Sports Radio 1300 AM

Xtra Sports Radio 1300 AM

01:58 min | 3 years ago

"pge" Discussed on Xtra Sports Radio 1300 AM

"Bomb these reactionary at pge and mild high tweets the respect level for pop is through the roof everything he said was not only right but he lays that out better than most politicos so true it like i said was that nba basketball coach or a sociologist repeat hd or professor emits brilliant really it has brian and i don't disagree of he said i wanna say that for the record i do not disagree with anything that that man said jeff from the nine one nine tweets give pop his golden freaking ticket war backyard party smack the counterargument to that is rich in the 970 quote white people are comfortable news to me i work hard for all i have i'm proud of what i've earned shove your white privilege enrich our respect we coming from that's not what he was talking about at stock point they was trying to make but that's the counterargument and then of course you have this third argument at josh hunger for tweets can we please talk about important things today like fat celebrities and people who look like rats the important stuff are you hiring do you know where to post your job to find the best candidates with ziprecruiter you can post your job to 100plus job sites with a single click then there are powerful technology officially matches the right people to your job better than anybody else the swipe ziprecruiter is different unlike other job sights ziprecruiter does not depend on candidates finding you it finds them in fact eighty percent of employers who post jobs on ziprecruiter get a quality candidate through the site within one day so you're not juggling emails or calls to your office you simply screen.

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"pge" Discussed on WTVN

WTVN

02:10 min | 3 years ago

"pge" Discussed on WTVN

"We're back big baz brothers went to pies and pints in eastern marketplace today and like i said we had a a variety to choose from of pge could also buy pizza by the slice right yes during the week they have pizza by slice until two o'clock a daylight cheese only and their daily special and what was the daily special today it wasn't that great but i think yeah that's what she said it was a that was the daily special nab wonder how many more we tried it we should have gotten a slice of it just to give it a shot i guess you know to be fair you are correct we haven't we didn't try it it might be really delicious it might but it wouldn't be considered pete's no and ongoing f i'm getting i mean there's seriously there's twenty other things they have under their specialty pilice that may rank like 19th like i would have to try out i want to know what's 20th before you get to that one i don't know that that just me there's like a black bean pizza like that's going to be 20th name it's going to be a fight between those deal for nineteen or the mediterranean shrimp one of the shrimp ones may not be banished get shrimp bonn's artichoke carts on he'd that maybe not on pizza dope well ashes did i mean it's pie pizza and traditional sense that you want but we did get i decide decided to get one just a regular pizza pepperoni sausage and mushrooms and we got the called small but it's a little bigger than a dinner tightly answer 10inch yeah was yeah and it was an inch and it wasn't bad the the sausage on it was was crumbled in wasn't it wasn't like it's part of the part of the pizza and i like crumbly sausage voting we all agree we kinda like verbally sausage on pizza unless you're someplace where they you know make their own in slice it right at but i generally like crumbly sausage this osita ones odd now i don't know it was i thought it was okay um i.

pge pete baz 10inch
"pge" Discussed on The Energy Gang

The Energy Gang

01:52 min | 4 years ago

"pge" Discussed on The Energy Gang

"At pge any in southern california edison because they're solar penetration is ahead of us and see what we they've learned incorporate it back into our planning it's a it's a measured approach you want modernize modernizer grids but not too far ahead of your customers because you don't want your customers to pay the price before they really need it and the average electric bill in new mexico is still about eighty bucks and so bringing in some new technology for a lot of those folks isn't let's wait and see what are your customers specifically telling you about what they want either in terms of individual control or the grid resource mix and general whale and one of the things we're all findings that customers aren't homogeneous um any more but in general a customers want cleaner energy the question is how much more they're willing to pay for that and i don't think anyone has cracked that not but they do want cleaner energy and there is a segment doesn't want any more control they wanna flipped the switch and pay the bill but there is a segment that wants that control and wants to say so about where the resources come from in general that's younger folks but that's not all of them and they're the ones i think that are really going to continue to help us strive the change in the industry there you still using these little iphone devices for banking paying for pizza probably must have have been into a bank and they see no reason why their electricity can't be done the same way so were were listening to them were working with the city of albuquerque for example on a smart city uh led lights electric buses had enough you've got a chance to look at the smart cities thing but i think we're going to continue to drive towards more digital more smart and giving those folks the control that they want while still serving the folks that just want flipped the switch and have the lights come on.

pge new mexico california iphone albuquerque
"pge" Discussed on The Interchange

The Interchange

01:34 min | 4 years ago

"pge" Discussed on The Interchange

"At pge any and southern california edison because they're solar penetration is ahead of us and see what we dave learned inc back into our planning it it's a it's a measured approach you want to modernize your grids but not too far ahead of your customers because you don't want your customers to pay the price before they really need it and the average electric bill in new mexico is still about eighty bucks and so bringing in some new technology for a lot of those folks is let's wait and see what are your customers specifically telling you about what they want either in terms of individual control or the grid resource mix in general well and one of the things we're all findings at customers aren't homogeneous um anymore but in general a customers want cleaner energy the question is how much more they're willing to pay for that and i don't think anyone has cracked that not but they do want cleaner energy and there is a segment the doesn't want any more control they wanna flipped the switch and pay the bill but there is a segment that wants to that control in wants to say so about where the resources come from in general that's younger folks but that's not all of them and they're the ones i think that are really going to continue to help us strive to change in the industry there you still using these little iphone devices for banking paying for pizza probably must have been into a bank and they see no reason why their electricity can't be done the same way so were were listening to them were working with the city of albuquerque for example on a smart city.

pge new mexico california dave iphone albuquerque
"pge" Discussed on KMJ NOW

KMJ NOW

01:37 min | 4 years ago

"pge" Discussed on KMJ NOW

"That's five five nine five four eight one nine one nine if you habits switch from plan eight a plan b you're in trouble what am i talking about plan a here's what it looks like you're still with your utility company you're still living in fear you're still living with a lot of pain you don't know what's common every month it's not a fixed payment there's a lot of uncertainty if you're on a tight budget you could be in trouble because those bills are skyrocketing and nobody yet knows the effects of what's going to happen with that high usage surcharge on all three tiers but you'll see soon no they sent out letters to pge customers notifying them that it was happening so you've been notified and they get it right solar show is fell pedia take notice also but i want to give you an option so plan a you got the fear you got the pain you got the answer the you're never going to pay your utility company off remember folks if you don't take action it's only gonna get worse there's a price to doing nothing it's not going to be status quo it's only going to get worse the rates continue to rise there's a cost to doing nothing plan b what's that look like when you switch.

pge
"pge" Discussed on Startup School Radio

Startup School Radio

01:43 min | 5 years ago

"pge" Discussed on Startup School Radio

"You you wanted to start a company that he kind of found in i came up with an idea gutted it up so this this is sort of an interesting an interesting thing to talk about in terms of how people figure out what they wanna to do and i think it's often very very difficult for people to work from that direction of what i want to start a company and then you know they they searched for an identity usually with really bad ideas because they're just just are searching for something so how do you think about finding an actually good idea in that scenario so i really like one of pge suggestions becoming always thought up ideas which is look for things that evil broken a stupid and and in particular in your life and so i think we need to be solving a problem that you have yourself and in terms of a starting point for an idea that that's the first thing i'd like a year and the interesting thing there is is obviously that if you don't pick something out of your own life that you know pretty well you're probably not picking something that's actually broken repeating something that's broken because of some surface level understanding of it and then it turns out there's these really base fundamental things that you can't the might not be able to solve yeah and the other thing is that any good idea will think quickly have multiple people working on it and if you're trying to solve it secondhand you're at this huge disadvantage buses the entrepreneur's sowing at first hand and have a much deeper understanding of it than you do and so i think that that even if you come across something good i think you're at a disadvantage solving it yeah so why did you decide to switch from a group spaces disaster.

pge