Overhead view of two PG&E employees looking at documents in the field

PG&E Overview

PG&E Corporation is a holding company whose primary operating subsidiary is Pacific Gas and Electric Company, an investor-owned public utility that operates in Northern and Central California and delivers some of the nation’s cleanest energy. Throughout this report, when we refer to “PG&E,” we are discussing all of PG&E Corporation and its subsidiaries, including Pacific Gas and Electric Company. When we refer to the “Utility,” we are discussing Pacific Gas and Electric Company.

Headquarters Location
San Francisco, California
Service Area
70,000 square miles in Northern and Central California
Service Area Population
Nearly 16 million people

Based in San Francisco, PG&E delivers some of the nation’s cleanest energy to nearly 16 million people in Northern and Central California.

Customer Accounts (as of December 31, 2015)
5.3 million electric distribution accounts:
  • 4.6 million residential
  • 0.7 million commercial, industrial and other
4.4 million natural gas distribution accounts:
  • 4.2 million residential
  • 0.2 million commercial and industrial
Employees (as of December 31, 2015)
Approximately 23,000 regular employees
Approximately 13,500 employees are covered by collective bargaining agreements with three labor unions:
  • International Brotherhood of Electrical Workers (IBEW), Local 1245, AFL-CIO
  • Engineers and Scientists of California/International Federation of Professional and Technical Engineers (ESC/IFPTE), Local 20, AFL-CIO and CLC
  • Service Employees International Union (SEIU), Local 24/7
  • 7,691 MW of owned hydroelectric, nuclear, natural gas, solar and fuel cell generation
  • Approximately 142,000 circuit miles of electric distribution lines (about 20 percent underground and 80 percent overhead) and approximately 18,400 circuit miles of electric transmission lines
  • Approximately 42,800 miles of gas distribution pipelines, 6,700 miles of backbone and local gas transmission pipelines, and various gas storage facilities
Net Operating Capacity of Owned Generation Facilities Footnote 1
Facility Net Operating Capacity (MW)
Total 7,691
Fossil Fuel-Fired Plants
Colusa Generating Station Footnote 2 657
Gateway Generating Station Footnote 2 580
Humboldt Bay Generating Station Footnote 2 163
Fuel Cell Facilities 3
Other Plants
Diablo Canyon Power Plant Footnote 3 2,240
Hydroelectric Facilities 3,896
Solar Photovoltaic Facilities 152
General Utility Production Statistics
2013 2014 2015
Total Electricity Generated (GWh net) Footnote 1 31,547 28,929 30,719
Fossil Fuel-Fired Plants (GWh net) 6,109 6,096 7,307
Colusa Generating Station (GWh net) 2,536 2,485 3,572
Gateway Generating Station (GWh net) 3,182 3,242 3,315
Humboldt Bay Generating Station (GWh net) 373 350 406
Fuel Cell Facilities (GWh net) 18 20 14
Other Plants (GWh net)
Diablo Canyon Power Plant (GWh net) 18,041 17,039 18,525
Hydroelectric Facilities (GWh net) 7,119 5,458 4,568
Solar Photovoltaic Facilities (GWh net) 279 337 319
Electricity Purchased (GWh) 49,837 51,679 48,559
Other Electric Supplies (GWh) Footnote 2 177 0 0
Retail Electricity Sales (GWh) Footnote 3 75,705 74,547 72,113
  • 1. Net of electricity used to operate plants. Return to table
  • 2. Represents energy purchased by the California Department of Water Resources (DWR) from various energy suppliers for the benefit of the Utility’s customers. Return to table
  • 3. Excludes sales to direct access and community choice customers, and sales to railroads and railways. Return to table
Natural Gas Throughput
2013 2014 2015
Total Natural Gas Throughput (million cubic feet or MMcf) Footnote 1 951,601 914,033 904,522
  • 1. Includes interdepartmental natural gas sales for the purpose of electric generation but excludes other interdepartmental natural gas sales. Return to table
System Investments
$5.4 billion in capital investments in 2015 to enhance PG&E’s infrastructure and improve safety and reliability
Contribution to State and Local Revenues
PG&E is a major contributor to the revenue that state and local governments depend on to fund critical public services. In addition to property taxes, PG&E pays franchise fees to cities and counties for the right to use public streets for gas and electric facilities.
Franchise Fee and Property Tax Payments
2013 2014 2015
Franchise Fees $144,073,069 $152,081,941 $156,127,382
Property Tax Payments $316,970,343 $344,194,074 $385,860,200
Financial Performance
The financial information below is derived from PG&E Corporation’s Consolidated Financial Statements at December 31, 2014 and December 31, 2015, unless otherwise indicated, which include the accounts of PG&E Corporation, the Utility and other wholly owned and controlled subsidiaries.
Financial Highlights
(unaudited, in millions, except share and per share amounts)
2014 2015
Dividends Declared Per Common Share 1.82 1.82
Total Assets at December 31, $60,127 $63,339
Number of Common Shares Outstanding at December 31, 475,913,404 492,025,443
Operating Revenues $17,090 $16,833
Income Available for Common Shareholders
Earnings from operations Footnote 1 1,648 1,519
Items impacting comparability Footnote 2, Footnote 3 (212) (645)
Reported Consolidated Income Available for Common Shareholders 1,436 874
Income Per Common Share, Diluted
Earnings from operations Footnote 1 3.50 3.12
Items impacting comparability Footnote 2, Footnote 3 (0.45) (1.33)
Reported Consolidated Net Earnings Per Common Share, Diluted 3.06 1.79
  • 1. “Earnings from operations,” a non-GAAP financial measure, is calculated as income available for common shareholders less items impacting comparability as described in Note 2 below. For more information about non-GAAP financial measures, see our reports filed with the Securities and Exchange Commission (SEC) and available on PG&E Corporation’s website at: http://investor.pgecorp.com. Return to table
  • 2. “Items impacting comparability” are those items that management believes do not reflect the normal course of operations and affect comparability of financial results between periods. Return to table
  • 3. The Utility incurred costs of $103 million, pre-tax, during the 12 months ended December 31, 2015 for pipeline-related expenses, including costs incurred to identify and remove encroachments from transmission pipeline rights of way and to perform remaining work under the Utility’s pipeline safety enhancement plan (“PSEP”).

    The Utility incurred costs of $58 million, pre-tax, during the 12 months ended December 31, 2015 for legal and regulatory-related expenses, including costs incurred in connection with various enforcement, regulatory, and litigation activities regarding natural gas matters and regulatory communications. The Utility incurred costs of $907 million, pre-tax, during the 12 months ended December 31, 2015 associated with fines and penalties imposed by the California Public Utilities Commission (CPUC) on April 9, 2015 in the gas transmission pipeline investigations. These costs include a $100 million additional accrual for the fine paid to the State General Fund, a $400 million charge for a bill credit for natural gas customers, and $407 million in estimated charges for capital costs incurred during the 12 months ended December 31, 2015 that the Utility believes are probable of disallowance in the 2015 Gas Transmission & Storage (GT&S) rate case. On June 23, 2016, the CPUC approved a final decision in phase one of the Utility’s 2015 GT&S rate case. The CPUC will determine the allocation of the $850 million of shareholder funded safety work (imposed by the April 9, 2015 decision) in a second phase of the 2015 GT&S rate case. In the meantime, the Utility continues to record a charge for its best estimate of the current spending that is probable of disallowance, which will ultimately be determined in phase two of the 2015 GT&S rate case. For more information, see our quarterly report on Form 10-Q for the quarter ended June 30, 2016, filed with the SEC and available on PG&E Corporation’s website at: http://investor.pgecorp.com. Future fines or penalties may be imposed in connection with other enforcement, regulatory and litigation activities regarding natural gas matters and regulatory communications. Costs included insurance recoveries of $49 million, pre-tax, for third-party claims and associated legal costs related to the San Bruno accident that the Utility received during the 12 months ended December 31, 2015. The Utility has received a cumulative total of $515 million through insurance related to $558 million of third-party claims and $92 million of legal costs incurred. No further insurance recoveries related to these claims and costs are expected. In 2014, natural gas matters included pipeline-related costs to perform work under the PSEP and other activities associated with safety improvements to the Utility’s natural gas system, as well as legal and other costs related to natural gas matters. Natural gas matters also included charges related to fines, third-party liability claims, and insurance recoveries in 2014. In 2014, the Utility reduced its accrual related to the Hinkley whole house water replacement program. Return to table

For more information, see PG&E Corporation’s and Pacific Gas and Electric Company’s 2015 Joint Annual Report to Shareholders or Annual Report on Form 10-K for year ending December 31, 2015, which have been filed with the U.S. Securities and Exchange Commission.

Forward-Looking Statements

This Corporate Responsibility and Sustainability Report, including the Messages from the Chairman and Chief Sustainability Officer, contain forward-looking statements regarding our strategic plans that have been shaped by an assessment of risks and opportunities that management have determined are material to our long-term corporate sustainability.

These plans, the assessment, and the underlying assumptions and forecasts on which they are based, are necessarily subject to various risks and uncertainties, the realization or resolution of which may be outside of management’s control. Actual results could differ materially from those expressed or implied in the forward-looking statements. For a discussion of some of the factors that could cause actual results to differ materially, please see our reports filed with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2015 (the “2015 Annual Report”) and the Quarterly Reports on Form 10-Q for the quarters ended March 31 and June 30.





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