Company

PG&E Corporation

Headquarters: San Francisco, CA, United States

Founded: 1905

Employees: 26,000

CEO: Ms. Patricia Kessler Poppe

show_chart NYSE: PCG +3.49%

Market Cap

$26.66 Billion

USD as of April 1, 2022

history Market Cap History

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.

PG&E Corporation market capitalization over time

Evolution of PG&E Corporation market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

history Market Cap History of PG&E Corporation

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.

Wikipedia Introduction

The Pacific Gas and Electric Company (PG&E) is an American investor-owned utility (IOU) with publicly traded stock. The company is headquartered in the Pacific Gas & Electric Building, in San Francisco, California. PG&E provides natural gas and electricity to 5.2 million households in the northern two-thirds of California, from Bakersfield and northern Santa Barbara County, almost to the Oregon and Nevada state lines. : 27 Overseen by the California Public Utilities Commission, PG&E is the leading subsidiary of the holding company PG&E Corporation, which has a market capitalization of $3.242 billion as of January 16, 2019. PG&E was established on October 10, 1905 from the merger and consolidation of predecessor utility companies, and by 1984 was the United States' "largest electric utility business". PG&E is one of six regulated, investor-owned electric utilities (IOUs) in California; the other five are PacifiCorp, Southern California Edison, San Diego Gas & Electric, Bear Valley Electric, and Liberty Utilities. In 2018 and 2019, the company received widespread media attention when investigations by the California Department of Forestry and Fire Protection (Cal Fire) assigned the company primary blame for two separate devastating wildfires in California. The formal finding of liability led to losses in federal bankruptcy court. On January 14, 2019, PG&E announced its filing for Chapter 11 bankruptcy in response to its liability for the catastrophic 2017 and 2018 wildfires in Northern California. The company hoped to come out of bankruptcy by June 30, 2020, and was successful on Saturday, June 20, 2020, when U.S. Bankruptcy Judge Dennis Montali issued the final approval of the plan for PG&E to exit bankruptcy.

Source: Wikipedia, retrieved on March 31, 2022, 9:03 p.m.

Stocks & Indices

PG&E Corporation has the following listings and related stock indices.


Stock: NYSE: PCG

Stock: FSX: PCG

Stock: NYSE: PCGU

Stock: XETR: PCG

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)

Details

Headquarters:

77 Beale Street

PO Box 770000

San Francisco, CA 94177

United States

Phone: 415-973-1000