PG&E Corporation

PG&E Corporation is the parent of Pacific Gas and Electric, one of the largest regulated utilities in the United States, delivering electricity and natural gas to millions of customers across northern and central California. Its operations are shaped heavily by the state's wildfire risk, which has driven enormous liabilities, a past bankruptcy and continuing heavy investment in grid safety. Having suspended its dividend during its crisis, PG&E has only recently reinstated a token payout as it works to rebuild financial stability. The yield is minimal and the history short and interrupted, reflecting a utility still repairing its balance sheet and reputation. Its low score signals a weak dividend profile, and the shares are better understood as a recovery story than as a reliable income source.