Company
PG&E Corporation
Headquarters: San Francisco, CA, United States
Founded: 1905
Employees: 26,000
CEO: Ms. Patricia Kessler Poppe
Market Cap
$41.59 Billion
USD as of July 1, 2023
Company Description
The Pacific Gas and Electric Company, more simply known as PG&E, is an investor-owned utility company involved in power generation and distribution of natural gas and electricity. Generating power through hydroelectric, nuclear, combustion, and solar plants, PG&E also provides energy to more than 5.2 million households in northern California.
Top Competitors by Market Capitalization
Industry: Utilities—Regulated Electric
| Company | Market Cap (USD) |
|---|---|
NextEra Energy
|
$146.07 B |
|
The Southern Company
|
$77.43 B |
|
Duke Energy Corporation
|
$70.04 B |
|
American Electric Power Company, Inc.
|
$44.29 B |
|
Xcel Energy Inc.
|
$34.67 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
|
NextEra Energy
|
$146.07 B |
|
The Southern Company
|
$77.43 B |
Iberdrola, SA
|
$76.57 B |
China Yangtze Power Co. Ltd
|
$74.21 B |
|
Duke Energy Corporation
|
$70.04 B |
Detailed Description
PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources. As of December 31, 2021, the company owns and operates approximately 18,000 circuit miles of interconnected transmission lines; 33 electric transmission substations, approximately 108,000 circuit miles of distribution lines, 67 transmission switching substations, and 753 distribution substations; and natural gas transmission, storage, and distribution system consisting of approximately 43,800 miles of distribution pipelines, approximately 6,200 miles of backbone and local transmission pipelines, and various storage facilities. It serves residential, commercial, industrial, and agricultural customers, as well as natural gas-fired electric generation facilities. The company was incorporated in 1905 and is headquartered in San Francisco, California.
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Stocks & Indices
PG&E Corporation has the following listings and related stock indices.
Stock: NYSE: PCG wb_incandescent
Stock: FSX: PCG wb_incandescent
Stock: NYSE: PCGU wb_incandescent
Stock: XETR: PCG wb_incandescent
Product & Services
ElectricityNatural gas
Key People
P G& E Corporation: Robert Flexon (Chairman) Patti Poppe (CEO) Chris Foster (E VP & CFO) David S. Thomason (Vice President & Controller) Pacific Gas & Electric Company: Adam L. Wright (SVP & COO) Wade Smith (SVP, Electric Operations) Joseph Forline (SVP, Gas Operations)
Financials
Revenue: US$18.469 billion (2020)
Operating income: US$1.731 billion (2020)
Net income: US$411 million (2020)
Total assets: US$97.856 billion (2020)
Total equity: US$21.253 billion (2020)