PG&E Corp., the parent company of California utility Pacific Gas & Electric, reported a significant increase in first-quarter net income and revenue, driven in part by the growing artificial intelligence sector's energy demands.

The utility company's financial performance reflected increased electricity consumption as AI-related businesses and data centers expanded operations throughout California. The artificial intelligence boom has created substantial new demand for reliable power infrastructure across the state.

PG&E serves approximately 16 million customers across Northern and Central California, providing electric and natural gas services to major technology companies and data centers that support AI operations. The company's service territory includes Silicon Valley and other tech-heavy regions experiencing rapid growth in AI-related activities.

The strong quarterly results come as utilities nationwide are seeing increased demand from the technology sector, particularly companies involved in artificial intelligence development and deployment. Data centers and AI computing facilities require substantial amounts of electricity to power their operations, creating new revenue opportunities for utility providers in tech-concentrated regions.