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 (approximately 4.5 million residential,
0.6 million commercial/industrial)
Natural Gas Distribution Customer Accounts
4.3 million (approximately 4.1 million residential,
0.2 million commercial/industrial)
Revenue
$13.2 billion
Assets
$36.3 billion
Earnings per Share from Operations1
$2.78
Number of Common Shareholders
89,166
Number of Common Shares Outstanding
379,646,276
Employees
Approximately 20,000
Approximately 12,900 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 Professional and Technical Engineers (ESC/IFPTE), Local 20
  • Service Employees International Union (SEIU)
System
159,3642 circuit miles of electric transmission and distribution lines and 48,198 miles of natural gas transmission and distribution pipelines; approximately 6,2713 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
Bank of America, Chevron, Cisco Systems, FedEx, Fetzer Winery, Intel, Kaiser Permanente, Lockheed Martin, New United Motors Manufacturing, Safeway, Inc. and Target

1 Earnings per share from operations is a financial measure that is not calculated in accordance with generally accepted accounting principles (GAAP). This non-GAAP measure is used because it allows investors to compare the core underlying financial performance from one period to another, exclusive of items that do not reflect the normal course of operations. For 2007, earnings per share from operations and net income per share calculated in accordance with GAAP were the same.

2 Length of distribution lines in circuit miles by voltage—4 kV: 2,651; 12 kV: 103,609; 17 kV: 4,496; 21 kV: 29,539; Other: 389. Length of transmission lines in circuit miles by voltage—60 kV: 3,960; 70 kV: 1,577; 115 kV: 6,218; 230 kV: 5,420; 500 kV: 1,328; Idle: 177

3 Net operating capacity in 2007: Humboldt Bay: 105 MW; Mobile Turbines: 30 MW; Diablo Canyon: 2,240 MW; Hydro Facilities: 3,896 MW.

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 and electric service to approximately 15 million people throughout northern and central California. PG&E had approximately $36.3 billion in assets as of December 31, 2007, and generated revenues of approximately $13.2 billion in 2007.



Photo: (top & bottom) Lewis Stewart

 
General Utility Production Statistics
 
2005
2006
2007
Total Electricity Generated (GWh net)*
30,602
32,842
26,723
Fossil Plants (GWh net)
1,044
624
483
Hunters Point (GWh net)
604
182
N/A7
Humboldt (GWh net)
440
442
483
Other Plants (GWh net)
29,558
32,218
26,240
Diablo Canyon (GWh net)
17,692
18,391
18,588
Hydro Facilities (GWh net)2
11,866
13,827
7,652
CA-Eligible Hydro (GWh net)**
1,397
1,437
985
Electricity Purchased (GWh)
25,990
29,104
29,462
Other Electricity Supplied (GWh)4
23,275
19,585
23,265
Electricity Delivered (GWh)5
81,626
84,310
86,179
Electricity Purchased by Our Customers (GWh)
72,727
76,692
79,451
Total Natural Gas Throughput (millon cubic feet or MMcf)6
856,407
836,441
875,334

1 One GWh, or gigawatt-hour, is one million kilowatt-hours, enough to power one million homes for one hour. PG&E is reporting net energy statistics for consistency with other published company reports. See pages 53–54 for a breakdown of PG&E's electric power mix delivered to retail customers.

2 Hydroelectric generation can vary year-to-year due to variability in precipitation.

3 Electricity generated by hydroelectric facilities with a capacity under 30 MW.

4 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.

5 Electricity Delivered includes Direct Access, Community Choice Aggregation, Transmission-only sales, losses and unaccounted-for-energy.

6 Excludes interdepartmental natural gas sales.

7 Hunters Point ceased operation in May 2006.