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Company Overview

 
PG&E Corporation is an energy-based holding company whose core business is Pacific Gas and Electric Company. Pacific Gas and Electric Company, or the Utility, delivers safe, reliable and responsive gas, electric and customer service to a population of approximately 15 million people throughout northern and central California. PG&E had approximately $34.8 billion in assets as of December 31, 2006, and generated revenues of approximately $12.5 billion in 2006.
 

Headquarters’ Location

San Francisco, CA

Service Area

70,000 square miles in northern and central California

Service Area Population

15 million people (or about 1 of every 20 Americans)

Electric Distribution
Customer Accounts

5.1 million

Natural Gas Distribution
Customer Accounts

4.2 million

Revenue

$12.5 billion

Assets

$34.8 billion

Earnings per Share

$2.76

Number of Common Shareholders

93,170

Number of Common Shares Outstanding

374,181,059

Employees

Approximately 19,700

Approximately 12,700 are covered by collective bargaining agreements with three labor unions:

  • International Brotherhood of Electrical Workers (IBEW), Local 1245
  • Engineers and Scientists of California/International Federation of Technical and Professional Employees (ESC/IFTPE), Local 20
  • Service Employees International Union/International Union of Security Officers (SEIU/IUSO)

System

158,689 circuit miles of electric transmission and distribution lines and 46,259 miles of natural gas transmission and distribution pipelines; approximately 6,000 megawatts of generation, including the Diablo Canyon nuclear power plant and one of the largest hydroelectric systems in the country

Examples of Customer Groups

Residential, Small Business, Retail, Agriculture, Education, Heavy Industry and Manufacturing, Government, Medical, Distillers, Hospitality, High-Technology, Food Service, Biotechnology, Large and Small Commercial Enterprises

Selected Examples of Major Customers

Albertsons, Inc., Bank of America, Chevron, Fetzer Winery, Intel, Lockheed Martin, New United Motors Manufacturing, FedEx, Safeway, Inc. and Sun Microsystems.

  

 

General Utility Production Statistics

  2004 2005 2006  
Total Electricity Generated (GWh gross)* 27,396 32,680 34,086  
Fossil Plants (GWh gross) 996 1,139 629  
Hunters Point (GWh gross) 601 677 1871  
Humboldt (GWh gross) 395 462 442  
Other plants (GWh gross) 26,400 31,547 33,457  
Diablo Canyon (GWh gross) 15,210 18,592 18,421  
Hydro Facilities (GWh gross)2 11,191 12,955 15,035  
CA-Eligible Hydro (GWh gross)** 1,267 1,397 1,439  
Electricity Purchased (GWh) 34,553 25,990 29,104  
Other Electric Supplies (GWh)*** 21,971 23,275 19,585  
Electricity Delivered (GWh) 82,936 81,626 84,310  
Electricity Purchased by Our Customers (GWh) 73,616 72,727 76,692  
Total Natural Gas Throughput
(million cubic feet or MMcf)		 877,760  844,068  828,5503  
* One GWh, or gigawatt-hour, is one million kilowatt-hours, enough to power one million homes for one hour.
** Electricity generated by hydroelectric facilities with a capacity under 30 MWs.
*** Represents contract energy from the California Department of Water Resources, which the Utility neither purchases nor takes title to but which is delivered to the customer.
1 Hunters Point ceased operation in May 2006.
2 Hydroelectric generation can vary year-to-year due to variability in precipitation.
3 The largest factor causing the decline in throughput from 2004 to 2006 is the decline in off-system market throughput.
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