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Dec 20, 2017. PGE last stopped paying its quarterly dividend in January 2001, after soaring wholesale electricity costs and rolling blackouts plunged California into crisis. Within three months, the utility Pacific Gas and Electric Co. had filed for bankruptcy protection. Dividend payments did not resume until the utility. Publicly traded companies often share a portion of their earnings with investors in the form of dividends. These payments are not guaranteed, and may be suspended or modified prior to the dividends date of record. The company must publicly announce its plans to suspend or resume dividends. Investors who rely on.