** Shares of U.S.-based utility PG&E Corp PCG.N fall 1.3% to $17.32 premarket
** Company posts Q1 adjusted profit of 33 cents per share vs est. of 34 cents per share - data compiled by LSEG
** PCG says average residential electric rates were lower in March than they were a year earlier
** Expects to construct nearly 700 miles of underground powerlines and 500 miles of other wildfire safety system upgrades between 2025 and 2026
** Company reported Q1 total operating revenue of $5.98 billion vs est. of $6.14 billion
** Up till last close, stock down 12.3% YTD
(Reporting by Pooja Menon in Bengaluru)
((Pooja.Menon@thomsonreuters.com;))
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