PG&E Corporate Responsibility and Sustainability Report 2021

COVID-19 Response

PG&E Overview

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation, is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California.

Service Area

PG&E delivers some of the nation’s cleanest energy to nearly 16 million Californians. PG&E is relocating our corporate headquarters from San Francisco to Oakland beginning in 2022.

Customer Accounts (as of December 31, 2020)
5.5 million electric distribution accounts:
  • 4.8 million residential
  • 0.7 million commercial, industrial and other
4.5 million natural gas distribution accounts:
  • 4.3 million residential
  • 0.2 million commercial and industrial
Employees (as of December 31, 2020)
Approximately 24,000 regular employees
Approximately 15,000 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
System
  • 7,662 MW of PG&E-owned hydroelectric, nuclear, natural gas, solar and fuel cell generation
  • Approximately 108,000 circuit miles of electric distribution lines (about 25% underground and 75% overhead) and approximately 18,000 circuit miles of electric transmission lines
  • Approximately 43,500 miles of gas distribution pipelines, 6,300 miles of backbone and local gas transmission pipelines and three gas storage facilities
Net Operating Capacity of Owned Generation Facilities Footnote 1
Facility Net Operating Capacity (MW)
Total 7,662
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 3,867
Solar Photovoltaic Facilities 152
  • 1. As of December 31, 20201
  • 2. Natural gas power plant2a, 2b, 2c
  • 3. Nuclear power plant3
General Energy Production Statistics
2018 2019 2020 Footnote 3
Total Electricity Generated (GWh net) Footnote 1 32,749 33,849 29,326
Fossil Fuel-Fired Plants (GWh net) 6,332 6,321 6,393
Colusa Generating Station (GWh net) 2,992 3,029 3,038
Gateway Generating Station (GWh net) 2,940 2,873 2,855
Humboldt Bay Generating Station (GWh net) 385 405 484
Fuel Cell Facilities (GWh net) 16 14 16
Other Plants (GWh net)
Diablo Canyon Power Plant (GWh net) 18,297 16,195 16,310
Hydroelectric Facilities (GWh net) 7,814 11,051 6,345
Solar Photovoltaic Facilities (GWh net) 310 283 277
Electricity Purchased (GWh) 20,099 27,210 24,602
Retail Electricity Sales (GWh) Footnote 2 48,832 35,956 35,838
  • 1. Net of electricity used to operate plants. Data may not add up due to rounding.1
  • 2. Excludes sales to direct access and community choice customers, and sales to railroads and railways.2
  • 3. Data is based on metered generation as of May, 2021.3
Natural Gas Throughput
2018 2019 2020
Total Natural Gas Throughput (million cubic feet or MMcf) Footnote 1 881,279 866,897 848,705
System Investments
Approximately $7.6 billion in capital investments in 2020 to enhance and upgrade PG&E’s infrastructure for safety, reliability and wildfire mitigation.
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
2018 2019 2020
Franchise Fees Footnote 1 $160,040,020 $170,960,278 $177,826,686
Property Tax Payments Footnote 2 $520,137,440 $509,466,117 $537,281,558
Financial Performance
The financial information below is derived from PG&E Corporation’s Consolidated Financial Statements at December 31, 2019 and December 31, 2020, unless otherwise indicated, which include the accounts of PG&E Corporation, the Utility and other wholly owned and controlled subsidiaries.
Financial Highlights Footnote 1
(unaudited, in millions, except share and per share amounts)
2019 2020
Dividends Declared Per Common Share Footnote 4 0 0
Total Assets at December 31 $85,196 $97,856
Number of Common Shares Outstanding at December 31 529,236,741 1,984,678,673
Operating Revenues $17,129 $18,469
Income (Loss) Attributable to Common Shareholders
Non-GAAP core earnings Footnote 2 2,074 2,020
Non-core items Footnote 3 (9,730) (3,338)
Reported Consolidated Income Attributable to Common Shareholders (7,656) (1,318)
Income Per Common Share, Diluted
Non-GAAP core earnings Footnote 2 3.93 1.61
Non-core items Footnote 3 (18.43) (2.66)
Reported Consolidated Net Earnings Per Common Share, Diluted (14.50) (1.05)

For more information, see PG&E Corporation’s and Pacific Gas and Electric Company’s 2021 Joint Annual Report to Shareholders (PDF) or Annual Report on Form 10-K (PDF) for year ended December 31, 2020, which have been filed with the U.S. Securities and Exchange Commission.

About PG&E Corporation

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.

Forward-Looking Statements

This Corporate Sustainability Report contains forward-looking statements that do not relate strictly to historical or current facts. These forward-looking statements relate to, among other matters, our plans, goals and strategies with respect to sustainability and environmental matters, wildfire safety efforts and system hardening, worker safety procedures, the implementation of a lean operating system, financial assistance programs, regionalization, cyber and physical security investments, PSPS events, the Utility’s progress on California’s renewable energy goals, energy efficiency, distributed generation and storage, electric vehicles, and climate change. These statements are also identified by words such as “assume,” “expect,” “intend,” “forecast,” “plan,” “project,” “believe,” “estimate,” “predict,” “anticipate,” “may,” “should,” “would,” “could,” “potential” and similar expressions, or by discussions of our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations.

These statements reflect management’s judgment and opinions that are based on current estimates, expectations, and projections about future events and assumptions regarding these events, and management’s knowledge of facts as of the date of this report. These statements are based on current expectations and assumptions, which management believes are reasonable, but 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, or from historical results. PG&E Corporation and the Utility are not able to predict all the factors that may affect future results. For a discussion of some of the factors that could cause actual results to differ materially, please see PG&E Corporation and the Utility’s reports filed with the Securities and Exchange Commission (SEC), including their joint annual report on Form 10-K for the year ended December 31, 2020, their joint quarterly report on Form 10-Q for the period ended March 31, 2021, and their subsequent reports filed with the SEC, which are available on PG&E Corporation’s website at www.pgecorp.com and on the SEC website at www.sec.gov. PG&E Corporation and the Utility undertake no obligation to publicly update or revise any forward-looking statements, whether due to new information, future events, or otherwise, except to the extent required by law.