PCG PG&E Corporation

Pacific Gas and Electric Company (PG&E) is paying property taxes and franchise fees of more than $367 million this spring to the 50 counties and 247 cities where the energy company owns and operates gas and electric infrastructure that serves 16 million Californians. This is an increase of $30 million over payments made a year ago.

“Property tax and franchise fee payments are one of the important ways PG&E helps drive local economies and support essential public services like education and public safety. This year’s higher payments reflect the substantial local investments we are making in our gas and electric infrastructure to create one of the safest and most reliable energy companies in the nation,” said Jason Wells, senior vice president and chief financial officer for PG&E.

PG&E increased its payment of property taxes sharply this year as the energy company continued to make significant investments in its gas and electric system to support safety and reliability.

On April 10, PG&E paid property taxes of over $230 million to the 50 counties in which it owns property. The payment covers the period from January 1 to June 30, 2018. Total payments for the tax year of July 1, 2017 to June 30, 2018 are more than $461 million—an increase of $50 million over, or 12 percent more than, the prior fiscal year.

PG&E pays franchise fees to cities and counties for the use of public streets for its gas and electric facilities. The energy company submitted the fees to counties by March 31 and to cities by April 15.

PG&E’s franchise fee payments totaled nearly $137 million – almost $37 million for natural gas and $100 million for electric service.

PG&E invested about $6 billion last year and expects to invest another $6 billion this year to enhance and upgrade its gas and electrical infrastructure across Northern and Central California.

PG&E supports the communities it serves in a variety of ways. Last year PG&E provided more than $28 million in community grants and investments to enrich local educational opportunities, preserve the environment, and support economic vitality and emergency preparedness. 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 Second Installment of Property Taxes Paid on April 10, 2018

COUNTY          

PROPERTY TAX PAYMENT

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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Pacific Gas and Electric CompanyMedia Relations, 415-973-5930