Deriving cosmic expansion from Einstein:
The slide shows how Einstein's field equations
R_μν − ½ g_μν R = 8π G_N T_μν + Λ g_μν,
for a perfect fluid
T_μν = −p g_μν + (p + ρ) u_μ u_ν,
yield the Friedmann-Lemaître equation
H² ≡ (Ṙ/R)² = 8π G_N ρ/3 − k/R² + Λ/3.
Here H(t) is the Hubble parameter and Λ the cosmological constant.
The equation powers models of universe evolution, helps estimate its age and density from observations, and underpins studies of dark energy with telescopes like Hubble and JWST.
PG&E $PCG Q3’26 EARNINGS HIGHLIGHTS
🔹 Revenue: $6.19B (Est. $6.83B) 🔴
🔹 Adj. EPS: $0.41 (Est. $0.42) 🔴; -18% YoY
🔹 GAAP EPS: $0.34
Affirms FY26 Guide:
🔹 Adj. EPS: $1.64-$1.66 (Est. $1.65) 🟡
Affirms FY27 Guide:
🔹 Adj. EPS: $1.78-$1.82 (Est. $1.80) 🟡
Business Highlights:
🔹 Undergrounding Plan: 5,000 miles
🔹 Data Center Projects: 174 MW
Key Updates:
🔹 GAAP EPS of $0.34 includes $156M of after-tax non-core items ($0.07 per share), all excluded from core EPS, made up of Wildfire Fund amortization of $102M, bankruptcy and legal costs benefit of $29M, investigation remedies of $8M, SB 901 securitization of $23M, strategic repositioning of $42M and wildfire-related costs of $10M
🔹 Strategic review advancing with the goal of becoming a financially strong, investment-grade company
Comments:
🔸 “Our PG&E team continues to make meaningful progress delivering safe, affordable, reliable, and clean energy to our customers.”