San Francisco, CA
70,000 square miles in northern and central California
15 million people (or about 1 of every 20 Americans)
5.1 million (approximately 4.5 million residential,
0.6 million commercial/industrial)
4.3 million (approximately 4.1 million residential,
0.2 million commercial/industrial)
$13.2 billion
$36.3 billion
$2.78
89,166
379,646,276
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)
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
Residential, Small Business, Retail, Agriculture, Education, Heavy Industry and Manufacturing, Government, Medical, Distillers, Hospitality, High-Technology, Food Service, Biotechnology, Large and Small Commercial Enterprises
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
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.