Helping Fund Local Schools, Public Health & Public Safety: PG&E Pays Property Tax & Franchise Fee Payments to Local Cities, C...
April 12 2021 - 1:41PM
Business Wire
More than $406 million paid to 50 Counties and
246 Cities
Pacific Gas and Electric Company (PG&E), which serves more
than 16 million Californians, is paying property taxes and
franchise fees of over $406 million this spring to the 50 counties,
246 local cities and one district where it owns and operates gas
and electric infrastructure.
“Property tax and franchise fee payments are one of the many
important ways PG&E helps drive our hometowns and supports
essential public services like education and public safety. This
year’s payments reflect the substantial local investments we are
making in our gas and electric infrastructure to create a safer and
more reliable system and to better mitigate against wildfire risk,”
said Chris Foster, Executive Vice President and Chief Financial
Officer for PG&E.
On April 12, PG&E paid property taxes of more than $268
million to the 50 counties in which it owns property. The payment
covers the period from January 1 to June 30, 2021. Total payments
for the tax year of July 1, 2020 to June 30, 2021 are more than
$537 million.
PG&E pays franchise fees to cities and counties for the use
of public streets for its gas and electric facilities. The energy
company is submitting the fees by April 15.
PG&E’s franchise fee payments totaled more than $138 million
– more than $42 million for natural gas and nearly $96 million for
electric service.
In 2020, PG&E invested about $7 billion to enhance and
upgrade its gas and electrical infrastructure for safety,
reliability and wildfire mitigation across Northern and Central
California, and the increase in property tax payments reflect those
continuing investments.
PG&E supports the communities it serves in a variety of
ways. Last year, PG&E and the PG&E Corporation Foundation
provided $17.5 million in charitable contributions in communities
throughout Northern and Central California to enhance educational
opportunities, preserve the environment, and support economic
vitality and emergency preparedness. This included more than $1
million in relief to communities and small businesses for COVID 19
impacts. PG&E employees provide volunteer service in their
local communities. The company also offers a broad spectrum of
economic development services to help local businesses grow.
PG&E’s Second Installment of Property
Taxes Paid on April 12, 2021
- Alameda — $32,404,709
- Alpine — $80,538
- Amador — $1,108,032
- Butte — $5,667,359
- Calaveras — $1,191,644
- Colusa — $4,137,638
- Contra Costa — $21,497,366
- El Dorado — $1,740,390
- Fresno — $18,276,652
- Glenn — $1,002,342
- Humboldt — $4,106,763
- Kern — $9,771,985
- Kings — $1,706,582
- Lake — $961,632
- Lassen — $51,276
- Madera — $2,510,612
- Marin — $4,750,923
- Mariposa — $318,727
- Mendocino — $1,824,242
- Merced — $3,967,492
- Modoc — $214,875
- Monterey — $4,022,424
- Napa — $3,369,198
- Nevada — $1,357,769
- Placer — $6,606,295
- Plumas — $2,565,430
- Sacramento — $7,024,199
- San Benito — $877,418
- San Bernardino — $1,450,867
- San Diego — $6,446
- San Francisco — $14,835,825
- San Joaquin — $13,167,723
- San Luis Obispo — $10,392,451
- San Mateo — $15,317,959
- Santa Barbara — $1,180,653
- Santa Clara — $33,320,405
- Santa Cruz — $2,016,295
- Shasta — $6,227,812
- Sierra — $124,531
- Siskiyou — $100,917
- Solano — $6,654,033
- Sonoma — $8,764,068
- Stanislaus — $2,904,283
- Sutter — $1,415,569
- Tehama — $1,551,202
- Trinity — $181,612
- Tulare — $610,668
- Tuolumne — $910,615
- Yolo — $2,917,664
- Yuba — $1,474,638 Total payments -- $268,640,748
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E
Corporation (NYSE:PCG), is a combined natural gas and electric
utility serving more than 16 million people across 70,000 square
miles in Northern and Central California. For more information,
visit pge.com and pge.com/news.
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