PG&E Pays Over $339 Million in Property Taxes to 50 California Counties

Semi-annual Payments are 9% Higher Than Prior Year

OAKLAND, Calif., Dec. 28, 2022 /PRNewswire/ -- During the second half of 2022, Pacific Gas and Electric Company (PG&E) paid property taxes of over $339 million to the 50 counties where it owns properties that support gas and electric service to 16 million Californians.

PG&E Corporation Logo (PRNewsfoto/PG&E Corporation)

"Property tax payments are just one of the many ways PG&E helps drive our hometown economies and supports essential public services like education, public health and public safety," said Chris Foster, Executive Vice President, and Chief Financial Officer for PG&E. "These 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."

PG&E's payments of more than $339 million covers the period from July 1 to December 31, 2022. Total payments for the fiscal property tax year of July 1, 2022, to, June 30, 2023, will be more than $678 million — an increase of more than $57 million, or 9%, compared with the prior tax year.

The increase in property tax payments reflects PG&E's continuing investments to enhance and upgrade its gas and electrical infrastructure for safety, reliability, and wildfire mitigation across Northern and Central California.

PG&E supports the communities it serves in a variety of ways. In 2022, PG&E and the PG&E Corporation Foundation contributed $25 million to 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 services in their local communities. The company also offers a broad spectrum of economic development services to help local businesses grow.

PG&E's First Installment of Property Taxes Paid by December 12, 2022

Alameda - $44,111,425
Alpine - $92,743
Amador - $1,358,854
Butte - $7,176,104
Calaveras - $1,561,514
Colusa - $4,688,592
Contra Costa - $26,080,535
El Dorado - $2,452,003
Fresno - $22,560,168
Glenn - $1,162,585
Humboldt - $5,831,568
Kern - $12,006,258
Kings - $1,993,743
Lake - $1,162,207
Lassen - $76,494
Madera - $3,103,658
Marin - $6,544,632
Mariposa - $490,689
Mendocino - $2,655,347
Merced - $5,252,016
Modoc - $266,409
Monterey - $5,479,483
Napa - $5,158,437
Nevada - $1,838,800
Placer - $8,244,424
Plumas - $3,110,413
Sacramento - $10,130,645
San Benito - $1,054,581
San Bernardino - $2,173,837
San Diego - $3,870
San Francisco - $16,484,926
San Joaquin - $17,252,886
San Luis Obispo - $7,527,379
San Mateo - $19,218,876
Santa Barbara - $1,512,646
Santa Clara - $43,674,171
Santa Cruz - $2,643,039
Shasta - $7,612,999
Sierra - $172,300
Siskiyou - $124,214
Solano - $8,591,176
Sonoma - $11,254,657
Stanislaus - $3,499,282
Sutter - $1,903,727
Tehama - $1,950,625
Trinity - $289,032
Tulare - $704,873
Tuolumne - $1,158,801
Yolo - $3,905,974
Yuba - $1,964,641

Total payments -- $339,268,256

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 www.pge.com/ and pge.com/news.

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