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October 07, 2015 5:08 AM ET

Electric Utilities

Company Overview of Pacific Gas and Electric Company

Company Overview

Pacific Gas and Electric Company transmits, distributes, and sells electricity and natural gas to customers in Northern and Central California. The company generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources. It owns and operates 18,100 circuit miles of interconnected transmission lines, 141,700 circuit miles of distribution lines, 55 transmission switching substations, and 603 distribution substations; and natural gas transmission, storage, and distribution system consisting of approximately 42,700 miles of distribution pipelines, and 6,400 miles of backbone and local transmission pipelines. Pacific Gas and Electric Company serves resid...

77 Beale Street

PO Box 770000

San Francisco, CA 94177

United States

Founded in 1905

22,569 Employees



Key Executives for Pacific Gas and Electric Company

Chief Financial Officer, Principal Accounting Officer, Vice President and Controller
Age: 53
Director, Chairman of Executive Committee, Chairman of PG&E Corporation, Chief Executive Officer of PG&E Corporation and President of PG&E Corporation
Age: 66
President of Electric and Director
Age: 54
President of Gas and Director
Age: 57
Senior Vice President of Financial Services
Age: 57
Compensation as of Fiscal Year 2015.

Pacific Gas and Electric Company Key Developments

Southern California Law Firm Files Civil Lawsuit against Pacific Gas and Electric Co

A Southern California law firm announced that it has filed a civil lawsuit against Pacific Gas and Electric Co. on behalf of two Calaveras County residents who are victims of the Butte fire. Plaintiffs Brian Moeller and Jolene Stewart were renters and represent separate households. Singleton said Moeller and Stewart lost all their belongings and were rendered homeless by the fire, which started Sept. 9 in Amador County and quickly spread into Calaveras County. The lawsuit was filed on September 29, 2015 in Calaveras County Superior Court. The lawsuit names as defendants PG&E and Trees Inc. The complaint alleges that the Butte fire was caused by negligent and improper operation of the power lines and equipment, and negligent failure to 'maintain vegetation with prescribed California regulations and law concerning vegetation clearance from power lines and electrical infrastructure'. Moeller and Stewart seek damages for, loss of property, loss of wages and related displacement expenses, as well as general damages for personal injury and emotional distress.

Pacific Gas and Electric Company Presents at Barclays CEO Energy-Power Conference 2015, Sep-08-2015

Pacific Gas and Electric Company Presents at Barclays CEO Energy-Power Conference 2015, Sep-08-2015 . Venue: Sheraton New York Times Square Hotel, 811 7th Avenue, New York, NY 10019, New York, United States.

The California Public Utilities Commission to Investigate Pacific Gas and Electric Company's Culture and Governance

The California Public Utilities Commission (CPUC) began a formal investigation into whether Pacific Gas and Electric Company (PG&E) has corporate governance, clearly documented organizational goals and objectives, and work procedures that prioritize and improve safety. The CPUC will accordingly evaluate PG&E's and PG&E Corporation's organizational culture, governance, policies, practices, and accountability metrics in relation to PG&E's record of operations, including its record of safety incidents. The CPUC will analyze the methods Board of Directors and executive leadership use to hold themselves and management accountable for their decisions and actions, including executive compensation policies. PG&E has invested in safety improvements, added new Board members with safety experience, and reorganized to prioritize gas operations safety. But accidents and events affecting the safety of the general public, its customers, and others continue to occur on PG&E's system, prompting the CPUC to take a deeper look into PG&E's safety culture. The CPUC's Safety and Enforcement Division will retain the services of an independent expert consultant(s) with experience in auditing corporate governance and accountability to assist in the investigation and reporting, not to exceed $2 million. PG&E will reimburse the CPUC for the expert consultant services. The CPUC will issue a public report on the findings, and propose remedies, if needed.

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