Pacific Gas and Electric Company at a Glance

Uppers

  • One of the largest and most admired natural gas and electric companies in the U.S.

Downers

  • Negative publicity following environmental contamination

The Bottom Line

  • PG&E is an admired, award-winning company, but its reputation was hurt by major missteps and nationally publicized lawsuits.

About Pacific Gas and Electric Company

Pacific Gas and Electric is specific about its services. The utility distributes electricity to more than 5.5 million residential, commercial, and industrial customers and natural gas to approximately 4.4 million customers in Central and Northern California. Pacific Gas and Electric has interests in power plants with a total of 7,700 MW of generating capacity. It is also engaged in electricity procurement and transmission, and natural gas procurement, transportation and storage. Pacific Gas and Electric is the major subsidiary of holding company PG&E Corporation.

Operations

Pacific Gas and Electric operates more than 100 electric generating power plants using a variety of fuel inputs such as nuclear, fossil fuels, hydroelectric, solar, and wind. It delivers more than 83,000 GWh of electricity annually.

Electricity accounts for about 80% of the utility's revenue.

Financial Performance

In 2016, Pacific Gas and Electric produced $17.7 billion in revenue and $1.4 billion of net income.

Strategy

Pacific Gas and Electric is focused on safety and reliability, particularly in response to the 2010 San Bruno incident for which the company is under 3rd party oversight until at least 2020. It is the process of upgrading gas pipeline infrastructure, including use of in-line inspection tools that will provide more timely operational status. To meet a California state regulation that requires an aggressive push into clean, renewable energy, the utility is modifying its mix of power generating sources, including the eventual retirement of its Diablo Canyon nuclear plant. In 2016 about one third of its delivered power came from renewable sources.

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Company News and Press Releases

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Pacific Gas and Electric Company

77 Beale St
San Francisco, CA 94105-1814
Phone: 1 (415) 973-7000
Fax: 1 (415) 267-7250

Stats

  • Employer Type: Subsidiary
  • President, Gas: Nickolas Stavropoulos
  • VP, CFO, and Controller: David S. Thomason
  • President, Electric: Geisha J. Williams
  • Employees: 23,970

Major Office Locations

  • San Francisco, CA

Other Locations

  • Antioch, CA
  • Auberry, CA
  • Auburn, CA
  • Avenal, CA
  • Avila Beach, CA
  • Bakersfield, CA
  • Chico, CA
  • Clovis, CA
  • Concord, CA
  • Daly City, CA
  • Davis, CA
  • Dinuba, CA
  • Downieville, CA
  • Eureka, CA
  • Fairfield, CA
  • Fremont, CA
  • Fresno, CA
  • Fulton, CA
  • Garberville, CA
  • Grass Valley, CA
  • Hayward, CA
  • Hinkley, CA
  • Jackson, CA
  • Livermore, CA
  • Loomis, CA
  • Los Banos, CA
  • Magalia, CA
  • Manton, CA
  • Marysville, CA
  • Milpitas, CA
  • Modesto, CA
  • Monterey, CA
  • Needles, CA
  • Newman, CA
  • Oakdale, CA
  • Oakland, CA
  • Paradise, CA
  • Petaluma, CA
  • Pioneer, CA
  • Pismo Beach, CA
  • Placerville, CA
  • Red Bluff, CA
  • Redding, CA
  • Sacramento, CA
  • San Carlos, CA
  • San Jose, CA
  • San Luis Obispo, CA
  • San Mateo, CA
  • Santa Rosa, CA
  • Stockton, CA
  • Templeton, CA
  • Ukiah, CA
  • Vallejo, CA
  • Walnut Creek, CA
  • West Sacramento, CA
  • Willits, CA
  • Willows, CA
  • Washington, DC
  • Monroe Bridge, MA
  • Seattle, WA
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