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Is Moderna a Good Stock to Buy Right Now? – The Motley Fool

https://www.fool.com/investing/2020/11/21/is-moderna-a-good-stock-to-buy-right-now/

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Moderna (NASDAQ:MRNA) recently announced an impressive efficacy of 94.5% from a late-stage study of coronavirus vaccine candidate mRNA-1273. The biotech stock jumped on the good news, but is it still a good pick to buy? That’s the question that Healthcare and Cannabis Bureau Chief Corinne Cardina and Fool.com writer Keith Speights address in this Motley Fool Live video recorded on Nov. 16, 2020.

Corinne Cardina: I don’t want to bury the lede, so I’m I go ahead and ask you what you think of Moderna as a potential investment today? The stock is up about $6 on the news of this interim analysis. Do you think that with Moderna, this expectation of safe and efficacious vaccine is already baked in? Will you cautiously say it’s a buy? What do you think?

Keith Speights: First of all, I think you’re exactly right. I think the expectation was, to a large extent, already baked into the price. This wasn’t a double-digit percentage gain from Moderna this morning. That’s just a reflection of investors anticipating this good news, especially in light of Pfizer‘s news last week.

First of all, I do think some of the news was already baked into the price, but I do think Moderna could be an intriguing investment opportunity for aggressive investors. There’s still risk with this stock, definitely. But the news for their interim results today was very good.

I think it looks likely at this point that they will be able to receive emergency use authorization for their vaccine and potentially approvals in other countries. But this is just the beginning for Moderna. They have a very loaded pipeline with other mRNA vaccines and therapeutics. I think the success of their COVID-19 vaccine could bode well for the rest of their pipeline.

Corinne Cardina: Absolutely, especially for Moderna, which I didn’t think I realized this until recently, but did you know that the mRNA is all in the name Moderna? Fun fact.

Keith Speights: And it’s their stock ticker as well. [Laughing]

Corinne Cardina: Of course. That is big news, proof of concept of basically their entire concept. There’s still some near-term catalyst for this stock. The emergency use authorization, if that happens, I could see the stock going up once it rolls out on the market. I could see that also propelling the stock forward. So I don’t think it reached an all-time high so far, but maybe not in the future. We’ll have to keep an eye on it for sure.

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PG&E rate hike aimed at improvements to ease fire risk – KCRA Sacramento

https://www.kcra.com/article/pgande-rate-hike-aimed-improvements-to-ease-fire-risk/34868014

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Pacific Gas & Electric’s household customers will be hit with an average rate increase of 8% to help the once-bankrupt utility pay for improvements designed to reduce the risks that its outdated equipment will ignite deadly wildfires in its Northern California service territory.The higher prices, approved Thursday, take effect March 1 and are expected to boost the bills of PG&E’s residential customers by an average of $13.44 a month. That may further strain the budgets of people struggling to make ends meet during a recession caused by the pandemic that is causing governments to curtail commerce and corral people at home in an effort to ease the spread of the virus that causes COVID-19.California power regulators approved the increase after two years of wrangling between PG&E and a variety of groups battling to limit how much of the financial burden customers should have to shoulder for the utility’s long-running neglect of a grid that supplies power to about 16 million people in a sprawling area.PG&E’s outdated equipment was blamed for causing a series of wildfires during 2017 and 2018 that killed more than 120 people and destroyed more than 27,000 homes and other buildings. The damage caused PG&E to file for bankruptcy in 2019, opening a legal avenue for the company to negotiate $25.5 billion in settlements with wildfire victims and others.The San Francisco utility emerged from bankruptcy five months ago and is now seeking to upgrade its equipment and adopt other safety measures to avoid facing financial calamity — and a public relations catastrophe — again.Under the agreement approved by California regulators, PG&E can’t use any of its additional revenue to pay for its bankruptcy settlements or enrich an executive team that has been overhauled in recent years.But PG&E does plan to use the extra money to help finance grid improvements, additional tree trimming around power lines and take other steps that the company believes will reduce the chances of sparking more fires. The utility is also making changes aimed at decreasing the scope of deliberate blackouts imposed during dry and windy weather conditions that raise wildfire risks in Northern California.“We want to work to exceed our customers’ expectations when it comes to safely and reliably delivering clean energy, reducing wildfire risk in an ever-changing climate, and building a safe and sustainable energy system,” said Robert Kenney, PG&E’s vice president of regulatory and external affairs.The Utility Reform Network, one of the groups that hammered out the rate increase settlement with PG&E late last year, had hoped California regulators would delay approval because of the financial strain stemming from the pandemic.“Hitting consumers with higher bills right now will only add to their problems,” said Mark Toney, TURN’s executive director.The sticker shock of the forthcoming PG&E rate increases has been magnified by the time it took to negotiate them while the utility was still in bankruptcy. Part of the 2021 increases cover the past year, too.Customers might have been even harder hit if not for the resistance to PG&E’s initial plan. The utility originally sought about $2 billion in additional revenue from customer rate increases from 2020 to 2022, according to regulatory documents. The final settlement approved by regulators will instead give PG&E an additional $1.15 billion instead.

Pacific Gas & Electric’s household customers will be hit with an average rate increase of 8% to help the once-bankrupt utility pay for improvements designed to reduce the risks that its outdated equipment will ignite deadly wildfires in its Northern California service territory.

The higher prices, approved Thursday, take effect March 1 and are expected to boost the bills of PG&E’s residential customers by an average of $13.44 a month. That may further strain the budgets of people struggling to make ends meet during a recession caused by the pandemic that is causing governments to curtail commerce and corral people at home in an effort to ease the spread of the virus that causes COVID-19.

California power regulators approved the increase after two years of wrangling between PG&E and a variety of groups battling to limit how much of the financial burden customers should have to shoulder for the utility’s long-running neglect of a grid that supplies power to about 16 million people in a sprawling area.

PG&E’s outdated equipment was blamed for causing a series of wildfires during 2017 and 2018 that killed more than 120 people and destroyed more than 27,000 homes and other buildings. The damage caused PG&E to file for bankruptcy in 2019, opening a legal avenue for the company to negotiate $25.5 billion in settlements with wildfire victims and others.

The San Francisco utility emerged from bankruptcy five months ago and is now seeking to upgrade its equipment and adopt other safety measures to avoid facing financial calamity — and a public relations catastrophe — again.

Under the agreement approved by California regulators, PG&E can’t use any of its additional revenue to pay for its bankruptcy settlements or enrich an executive team that has been overhauled in recent years.

But PG&E does plan to use the extra money to help finance grid improvements, additional tree trimming around power lines and take other steps that the company believes will reduce the chances of sparking more fires. The utility is also making changes aimed at decreasing the scope of deliberate blackouts imposed during dry and windy weather conditions that raise wildfire risks in Northern California.

“We want to work to exceed our customers’ expectations when it comes to safely and reliably delivering clean energy, reducing wildfire risk in an ever-changing climate, and building a safe and sustainable energy system,” said Robert Kenney, PG&E’s vice president of regulatory and external affairs.

The Utility Reform Network, one of the groups that hammered out the rate increase settlement with PG&E late last year, had hoped California regulators would delay approval because of the financial strain stemming from the pandemic.

“Hitting consumers with higher bills right now will only add to their problems,” said Mark Toney, TURN’s executive director.

The sticker shock of the forthcoming PG&E rate increases has been magnified by the time it took to negotiate them while the utility was still in bankruptcy. Part of the 2021 increases cover the past year, too.

Customers might have been even harder hit if not for the resistance to PG&E’s initial plan. The utility originally sought about $2 billion in additional revenue from customer rate increases from 2020 to 2022, according to regulatory documents. The final settlement approved by regulators will instead give PG&E an additional $1.15 billion instead.

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PG&E rate hike aimed at improvements to ease fire risk – KCRA Sacramento

https://www.kcra.com/article/pgande-rate-hike-aimed-improvements-to-ease-fire-risk/34868014

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Pacific Gas & Electric’s household customers will be hit with an average rate increase of 8% to help the once-bankrupt utility pay for improvements designed to reduce the risks that its outdated equipment will ignite deadly wildfires in its Northern California service territory.The higher prices, approved Thursday, take effect March 1 and are expected to boost the bills of PG&E’s residential customers by an average of $13.44 a month. That may further strain the budgets of people struggling to make ends meet during a recession caused by the pandemic that is causing governments to curtail commerce and corral people at home in an effort to ease the spread of the virus that causes COVID-19.California power regulators approved the increase after two years of wrangling between PG&E and a variety of groups battling to limit how much of the financial burden customers should have to shoulder for the utility’s long-running neglect of a grid that supplies power to about 16 million people in a sprawling area.PG&E’s outdated equipment was blamed for causing a series of wildfires during 2017 and 2018 that killed more than 120 people and destroyed more than 27,000 homes and other buildings. The damage caused PG&E to file for bankruptcy in 2019, opening a legal avenue for the company to negotiate $25.5 billion in settlements with wildfire victims and others.The San Francisco utility emerged from bankruptcy five months ago and is now seeking to upgrade its equipment and adopt other safety measures to avoid facing financial calamity — and a public relations catastrophe — again.Under the agreement approved by California regulators, PG&E can’t use any of its additional revenue to pay for its bankruptcy settlements or enrich an executive team that has been overhauled in recent years.But PG&E does plan to use the extra money to help finance grid improvements, additional tree trimming around power lines and take other steps that the company believes will reduce the chances of sparking more fires. The utility is also making changes aimed at decreasing the scope of deliberate blackouts imposed during dry and windy weather conditions that raise wildfire risks in Northern California.“We want to work to exceed our customers’ expectations when it comes to safely and reliably delivering clean energy, reducing wildfire risk in an ever-changing climate, and building a safe and sustainable energy system,” said Robert Kenney, PG&E’s vice president of regulatory and external affairs.The Utility Reform Network, one of the groups that hammered out the rate increase settlement with PG&E late last year, had hoped California regulators would delay approval because of the financial strain stemming from the pandemic.“Hitting consumers with higher bills right now will only add to their problems,” said Mark Toney, TURN’s executive director.The sticker shock of the forthcoming PG&E rate increases has been magnified by the time it took to negotiate them while the utility was still in bankruptcy. Part of the 2021 increases cover the past year, too.Customers might have been even harder hit if not for the resistance to PG&E’s initial plan. The utility originally sought about $2 billion in additional revenue from customer rate increases from 2020 to 2022, according to regulatory documents. The final settlement approved by regulators will instead give PG&E an additional $1.15 billion instead.

Pacific Gas & Electric’s household customers will be hit with an average rate increase of 8% to help the once-bankrupt utility pay for improvements designed to reduce the risks that its outdated equipment will ignite deadly wildfires in its Northern California service territory.

The higher prices, approved Thursday, take effect March 1 and are expected to boost the bills of PG&E’s residential customers by an average of $13.44 a month. That may further strain the budgets of people struggling to make ends meet during a recession caused by the pandemic that is causing governments to curtail commerce and corral people at home in an effort to ease the spread of the virus that causes COVID-19.

California power regulators approved the increase after two years of wrangling between PG&E and a variety of groups battling to limit how much of the financial burden customers should have to shoulder for the utility’s long-running neglect of a grid that supplies power to about 16 million people in a sprawling area.

PG&E’s outdated equipment was blamed for causing a series of wildfires during 2017 and 2018 that killed more than 120 people and destroyed more than 27,000 homes and other buildings. The damage caused PG&E to file for bankruptcy in 2019, opening a legal avenue for the company to negotiate $25.5 billion in settlements with wildfire victims and others.

The San Francisco utility emerged from bankruptcy five months ago and is now seeking to upgrade its equipment and adopt other safety measures to avoid facing financial calamity — and a public relations catastrophe — again.

Under the agreement approved by California regulators, PG&E can’t use any of its additional revenue to pay for its bankruptcy settlements or enrich an executive team that has been overhauled in recent years.

But PG&E does plan to use the extra money to help finance grid improvements, additional tree trimming around power lines and take other steps that the company believes will reduce the chances of sparking more fires. The utility is also making changes aimed at decreasing the scope of deliberate blackouts imposed during dry and windy weather conditions that raise wildfire risks in Northern California.

“We want to work to exceed our customers’ expectations when it comes to safely and reliably delivering clean energy, reducing wildfire risk in an ever-changing climate, and building a safe and sustainable energy system,” said Robert Kenney, PG&E’s vice president of regulatory and external affairs.

The Utility Reform Network, one of the groups that hammered out the rate increase settlement with PG&E late last year, had hoped California regulators would delay approval because of the financial strain stemming from the pandemic.

“Hitting consumers with higher bills right now will only add to their problems,” said Mark Toney, TURN’s executive director.

The sticker shock of the forthcoming PG&E rate increases has been magnified by the time it took to negotiate them while the utility was still in bankruptcy. Part of the 2021 increases cover the past year, too.

Customers might have been even harder hit if not for the resistance to PG&E’s initial plan. The utility originally sought about $2 billion in additional revenue from customer rate increases from 2020 to 2022, according to regulatory documents. The final settlement approved by regulators will instead give PG&E an additional $1.15 billion instead.

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PG&E rate hike aimed at improvements to ease fire risk – KCRA Sacramento

https://www.kcra.com/article/pgande-rate-hike-aimed-improvements-to-ease-fire-risk/34868014

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Pacific Gas & Electric’s household customers will be hit with an average rate increase of 8% to help the once-bankrupt utility pay for improvements designed to reduce the risks that its outdated equipment will ignite deadly wildfires in its Northern California service territory.The higher prices, approved Thursday, take effect March 1 and are expected to boost the bills of PG&E’s residential customers by an average of $13.44 a month. That may further strain the budgets of people struggling to make ends meet during a recession caused by the pandemic that is causing governments to curtail commerce and corral people at home in an effort to ease the spread of the virus that causes COVID-19.California power regulators approved the increase after two years of wrangling between PG&E and a variety of groups battling to limit how much of the financial burden customers should have to shoulder for the utility’s long-running neglect of a grid that supplies power to about 16 million people in a sprawling area.PG&E’s outdated equipment was blamed for causing a series of wildfires during 2017 and 2018 that killed more than 120 people and destroyed more than 27,000 homes and other buildings. The damage caused PG&E to file for bankruptcy in 2019, opening a legal avenue for the company to negotiate $25.5 billion in settlements with wildfire victims and others.The San Francisco utility emerged from bankruptcy five months ago and is now seeking to upgrade its equipment and adopt other safety measures to avoid facing financial calamity — and a public relations catastrophe — again.Under the agreement approved by California regulators, PG&E can’t use any of its additional revenue to pay for its bankruptcy settlements or enrich an executive team that has been overhauled in recent years.But PG&E does plan to use the extra money to help finance grid improvements, additional tree trimming around power lines and take other steps that the company believes will reduce the chances of sparking more fires. The utility is also making changes aimed at decreasing the scope of deliberate blackouts imposed during dry and windy weather conditions that raise wildfire risks in Northern California.“We want to work to exceed our customers’ expectations when it comes to safely and reliably delivering clean energy, reducing wildfire risk in an ever-changing climate, and building a safe and sustainable energy system,” said Robert Kenney, PG&E’s vice president of regulatory and external affairs.The Utility Reform Network, one of the groups that hammered out the rate increase settlement with PG&E late last year, had hoped California regulators would delay approval because of the financial strain stemming from the pandemic.“Hitting consumers with higher bills right now will only add to their problems,” said Mark Toney, TURN’s executive director.The sticker shock of the forthcoming PG&E rate increases has been magnified by the time it took to negotiate them while the utility was still in bankruptcy. Part of the 2021 increases cover the past year, too.Customers might have been even harder hit if not for the resistance to PG&E’s initial plan. The utility originally sought about $2 billion in additional revenue from customer rate increases from 2020 to 2022, according to regulatory documents. The final settlement approved by regulators will instead give PG&E an additional $1.15 billion instead.

Pacific Gas & Electric’s household customers will be hit with an average rate increase of 8% to help the once-bankrupt utility pay for improvements designed to reduce the risks that its outdated equipment will ignite deadly wildfires in its Northern California service territory.

The higher prices, approved Thursday, take effect March 1 and are expected to boost the bills of PG&E’s residential customers by an average of $13.44 a month. That may further strain the budgets of people struggling to make ends meet during a recession caused by the pandemic that is causing governments to curtail commerce and corral people at home in an effort to ease the spread of the virus that causes COVID-19.

California power regulators approved the increase after two years of wrangling between PG&E and a variety of groups battling to limit how much of the financial burden customers should have to shoulder for the utility’s long-running neglect of a grid that supplies power to about 16 million people in a sprawling area.

PG&E’s outdated equipment was blamed for causing a series of wildfires during 2017 and 2018 that killed more than 120 people and destroyed more than 27,000 homes and other buildings. The damage caused PG&E to file for bankruptcy in 2019, opening a legal avenue for the company to negotiate $25.5 billion in settlements with wildfire victims and others.

The San Francisco utility emerged from bankruptcy five months ago and is now seeking to upgrade its equipment and adopt other safety measures to avoid facing financial calamity — and a public relations catastrophe — again.

Under the agreement approved by California regulators, PG&E can’t use any of its additional revenue to pay for its bankruptcy settlements or enrich an executive team that has been overhauled in recent years.

But PG&E does plan to use the extra money to help finance grid improvements, additional tree trimming around power lines and take other steps that the company believes will reduce the chances of sparking more fires. The utility is also making changes aimed at decreasing the scope of deliberate blackouts imposed during dry and windy weather conditions that raise wildfire risks in Northern California.

“We want to work to exceed our customers’ expectations when it comes to safely and reliably delivering clean energy, reducing wildfire risk in an ever-changing climate, and building a safe and sustainable energy system,” said Robert Kenney, PG&E’s vice president of regulatory and external affairs.

The Utility Reform Network, one of the groups that hammered out the rate increase settlement with PG&E late last year, had hoped California regulators would delay approval because of the financial strain stemming from the pandemic.

“Hitting consumers with higher bills right now will only add to their problems,” said Mark Toney, TURN’s executive director.

The sticker shock of the forthcoming PG&E rate increases has been magnified by the time it took to negotiate them while the utility was still in bankruptcy. Part of the 2021 increases cover the past year, too.

Customers might have been even harder hit if not for the resistance to PG&E’s initial plan. The utility originally sought about $2 billion in additional revenue from customer rate increases from 2020 to 2022, according to regulatory documents. The final settlement approved by regulators will instead give PG&E an additional $1.15 billion instead.

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