January 26, 2015 8:50 PM ET

Electric Utilities

Company Overview of Pacific Gas and Electric Company

Company Overview

Pacific Gas and Electric Company is engaged in the transmission, delivery, and sale of electricity and natural gas to customers primarily in northern and central California. The company operates 141,000 circuit miles of electric distribution lines, 58 transmission-switching substations, and 603 distribution substations; 18,115 circuit miles of interconnected transmission lines; and 42,559 miles of natural gas distribution pipelines. It generates electricity from various sources, such as nuclear, hydroelectric, fossil fuel-fired, and photovoltaic. The company was founded in 1905 and is headquartered in San Francisco, California. Pacific Gas and Electric Company is a subsidiary of PG&E Corpora...

77 Beale Street

PO Box 770000

San Francisco, CA 94177

United States

Founded in 1905

21,159 Employees

Phone:

415-973-7000

Key Executives for Pacific Gas and Electric Company

President
Age: 54
Chief Financial Officer
Age: 52
Senior Vice President of Engineering
Age: 46
Director
Age: 65
Senior Vice President of Financial Services
Age: 56
Compensation as of Fiscal Year 2014.

Pacific Gas and Electric Company Key Developments

Pacific Gas & Electric Fined $530,000 by California Public Utilities Commission for Safety Violations

Pacific Gas & Electric was fined $530,000 for safety violations by the California Public Utilities Commission, which frequently has been accused of being too cozy with the San Francisco utility since the San Bruno gas pipeline explosion in September 2010. The fines include $430,000 for failing to "immediately excavate and examine pipelines that showed signs of signs of potential corrosion" and repair potentially hazardous defects. Those violations were first discovered during an audit that began in September 2012, and were confirmed by another investigation by the regulatory agency that "lasted in 2014".

A Judge Orders Pacific Gas & Electric Co. to Release More Emails

A judge has ordered Pacific Gas & Electric Co. to release 65,000 emails that critics say could contain additional evidence of backroom dealings between the utility and state regulators. Administrative Law Judge Amy Yip-Kikugawa ruled that PG&E must turn the documents over to the city of San Bruno by Jan. 30. San Bruno was the site of a PG&E gas line explosion in 2010 that killed eight people. PG&E had already agreed to turn over the emails to the state Public Utilities Commission. The commission in November fined PG&E $1 million and required its shareholders to cover as much as $400 million of a planned gas rate increase after emails showed a PG&E executive and commission officials discussing which judge to appoint to the rate case.

Pacific Gas and Electric Company Declares Regular Preferred Stock Dividend for the Three Month Period Ending January 31, 2015, Payable on February 15, 2015

Pacific Gas and Electric Company, declared the regular preferred stock dividend for the three month period ending January 31, 2015, to be payable on February 15, 2015, to shareholders of record on January 30, 2015. The company will pay dividends on its eight series of preferred stock in the amount of $0.31250 per share on 5.00% redeemable first preferred stock of par value of $25, $0.31250 per share on 5.00% Series A redeemable first preferred stock of par value of $25, $0.30000 per share on 4.804% redeemable first preferred stock of par value of $25, $0.28125 per share on 4.50% redeemable first preferred stock of par value of $25, $0.27250 per share on 4.36% redeemable first preferred stock of par value of $25, $0.37500 per share on 6.00% non-redeemable first preferred stock of par value of $25, $0.34375 per share on 5.50% non-redeemable first preferred stock of par value of $25 and $0.31250 per share on 5.00% non-redeemable first preferred stock of par value of $25.

Similar Private Companies By Industry

Company Name Region
Astoria Energy II, LLC United States
Southaven Power, LLC United States
Gustavus Electric Company, Inc. United States
RITELine Indiana, LLC United States
Northern States Power Company-Wisconsin United States

Recent Private Companies Transactions

Type
Date
Target
Bankruptcy
October 20, 2014
i2a Technologies, Inc.
Bankruptcy
March 10, 2014
Pacific Steel Casting Company
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Pacific Gas and Electric Company, please visit www.pge.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.