PCG PG&E Corporation

Pacific Gas and Electric Company (PG&E) paid property taxes of more than $230 million this fall to the 50 counties where the energy company owns property and operates gas and electric infrastructure that serves 16 million Californians. The tax payments help support essential public services like education and public safety.

The semi-annual property tax payments made today cover the period from July 1 to December 31, 2017.

Total payments for the full tax year of July 1, 2017 to June 30, 2018 are estimated to total more than $461 million—an increase of $50 million, or 12 percent, compared with the prior fiscal year.

“Property tax payments provide crucial resources to the many communities where we live and work, supporting everything from education to public safety. By continuing to make local investments in gas and electric infrastructure, we are not only creating one of the safest and most reliable energy systems in the country, we’re investing in the local economy and helping our communities thrive,” said Jason Wells, senior vice president and chief financial officer for PG&E.

PG&E invested more than $5.7 billion last year and expects to invest $5.9 billion this year to enhance and upgrade its gas and electrical infrastructure across Northern and Central California.

Some recent investments include the construction of PG&E’s $75 million Gas Safety Academy in Winters in Yolo County, which opened in September. Last year, PG&E opened a $36 million, state-of-the-art electric distribution control center in Rocklin.

PG&E supports the communities it serves in a variety of ways. In 2016, PG&E provided more than $28 million in charitable contributions to enrich local educational opportunities, preserve the environment, and support economic vitality and emergency preparedness and safety. PG&E employees provide thousands of hours of volunteer service in their local communities. The company also offers a broad spectrum of economic development services to help local businesses grow.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 20,000 employees, the company delivers some of the nation’s cleanest energy to nearly 16 million people in Northern and Central California. For more information, visit www.pge.com/ and pge.com/news.

PG&E’s Fiscal Year 2017/2018 First Installment of Property Taxes

       

ALAMEDA

  $

23,910,294

ALPINE   $ 70,240 AMADOR   $ 1,078,087 BUTTE   $ 3,900,167 CALAVERAS   $ 993,921 COLUSA   $ 4,305,964 CONTRA COSTA   $ 18,704,718 EL DORADO   $ 1,541,364 FRESNO   $ 16,820,124 GLENN   $ 782,234 HUMBOLDT   $ 3,432,207 KERN   $ 7,696,500 KINGS   $ 1,666,050 LAKE   $ 862,779 LASSEN   $ 39,448 MADERA   $ 2,286,005 MARIN   $ 3,661,099 MARIPOSA   $ 269,255 MENDOCINO   $ 1,632,858 MERCED   $ 3,411,694 MODOC   $ 227,973 MONTEREY   $ 3,607,815 NAPA   $ 2,827,874 NEVADA   $ 1,218,797 PLACER   $ 5,456,991 PLUMAS   $ 2,339,038 SACRAMENTO   $ 6,258,136 SAN BENITO   $ 680,494 SAN BERNARDINO   $ 1,205,841 SAN DIEGO   $ 7,665 SAN FRANCISCO   $ 14,353,617 SAN JOAQUIN   $ 11,260,063 SAN LUIS OBISPO   $ 14,910,000 SAN MATEO   $ 12,520,118 SANTA BARBARA   $ 1,108,093 SANTA CLARA   $ 26,041,456 SANTA CRUZ   $ 1,715,627 SHASTA   $ 5,143,166 SIERRA   $ 125,892 SISKIYOU   $ 110,193 SOLANO   $ 5,905,000 SONOMA   $ 7,156,279 STANISLAUS   $ 2,124,403 SUTTER   $ 1,346,278 TEHAMA   $ 1,140,366 TRINITY   $ 135,508 TULARE   $ 596,150 TUOLUMNE   $ 869,671 YOLO   $ 2,295,755 YUBA   $ 1,163,001 TOTAL   $ 230,916,267  

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PG&E CorporationMedia Relations, 415-973-5930