PG&E Making $157 Million In Property Tax Payments To 49 California Counties PR Newswire SAN FRANCISCO, Dec. 11, 2012 SAN FRANCISCO, Dec. 11, 2012 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) announced today it is making property tax payments totaling over $157 million to the 49 counties in which it operates. This amount, being paid this week, is the first of two annual installments and represents full and timely payment of property taxes due for the period from July 1, 2012 to Dec. 31, 2012. "Local governments are facing financial challenges and must address public safety, environmental protection, health care, education and other needs with limited resources," said Mark Caron, PG&E's vice president of tax. "PG&E's timely and substantial payments to local governments for property taxes and other fees help them address those vital community services." The company's tax payments to counties for tax year 2012/13 increased by more than $18 million over the previous property tax year's payments as a result of an increase in assessments due to PG&E's infrastructure investments. This includes upgrades to improve electric and gas safety, reliability and capacity, as well as energy-generating-station development. A full listing of county-by-county payments is included below: PACIFIC GAS AND ELECTRIC COMPANY 2012 - 2013 PROPERTY TAXES 1ST INSTALLMENT PAYMENTS COUNTY 1ST INSTALLMENT ALAMEDA 15,618,468.00 ALPINE 53,391.56 AMADOR 854,579.45 BUTTE 2,878,157.43 CALAVERAS 631,471.35 COLUSA 4,376,302.10 CONTRA COSTA 13,246,456.61 EL DORADO 1,178,317.07 FRESNO 11,463,026.85 GLENN 567,044.49 HUMBOLDT 1,951,266.58 KERN 5,212,099.78 KINGS 909,575.76 LAKE 592,082.00 LASSEN 29,179.76 MADERA 1,594,541.09 MARIN 2,231,051.02 MARIPOSA 253,253.00 MENDOCINO 1,088,062.99 MERCED 2,220,409.46 MODOC 221,290.65 MONTEREY 2,480,728.26 NAPA 1,537,259.10 NEVADA 880,852.17 PLACER 3,493,703.92 PLUMAS 1,876,985.38 SACRAMENTO 3,167,680.26 SAN BENITO 489,136.84 SAN BERNARDINO 675,500.08 SAN FRANCISCO 9,504,579.86 SAN JOAQUIN 7,185,720.34 SAN LUIS OBISPO 13,704,921.06 SAN MATEO 7,456,996.00 SANTA BARBARA 758,846.46 SANTA CLARA 16,348,472.48 SANTA CRUZ 1,239,991.16 SHASTA 4,099,254.58 SIERRA 62,010.40 SISKIYOU 110,014.84 SOLANO 3,839,713.29 SONOMA 4,362,157.43 STANISLAUS 1,235,395.05 SUTTER 824,611.11 TEHAMA 960,737.95 TRINITY 95,302.85 TULARE 401,058.95 TUOLUMNE 614,743.29 YOLO 1,663,471.01 YUBA 1,027,480.63 TOTAL PAYMENTS 157,267,351.75 Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric utilities in the United States. Based in San Francisco, with 20,000 employees, the company delivers some of the nation's cleanest energy to 15 million people in Northern and Central California. For more information, visit http://www.pge.com/about/newsroom/. SOURCE Pacific Gas and Electric Company (PG&E) Website: http://www.pge.com Contact: PG&E External Communications, +1-415-973-5930
PG&E Making $157 Million In Property Tax Payments To 49 California Counties
Press spacebar to pause and continue. Press esc to stop.