news-events

PG&E Pays $172 million to California Counties

12/18/2014

Utility Property Taxes Fund 49 of 58 of California's Counties

SAN FRANCISCO, Dec. 18, 2014 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) increased its payment of property taxes sharply this year as the utility continued to make significant investments in its gas and electric system to improve safety and reliability.

PG&E recently paid property taxes of more than $172 million to the 49 counties in which it provides service to 16 million Californians. The payment covers the period from July 1 to December 31, 2014. Total payments for the tax year of July 1, 2014 to June 30, 2015 will be $344 million—an increase of $27 million over the prior fiscal year.

"Our timely payment of property taxes helps local governments support essential public services for their residents," said Mark Caron, PG&E's Vice President of Taxes. "These payments also reflect the substantial ongoing investments in our gas and electric infrastructure that are creating one of the safest and most reliable utility systems in the country."

PG&E invested more than $5 billion this year to enhance and upgrade its gas and electrical infrastructure across Northern and Central California. One such investment is the recently completed $28.5 million state-of-the-art electric distribution control center in Fresno. PG&E expects to open two more control centers in Concord and Rocklin.                                                                                                  

An economic impact report issued this year shows that PG&E's investments, purchases and payroll, in addition to the taxes and fees it pays, help drive California's economy. PG&E contributed $22.2 billion of economic activity and supported nearly 71,600 jobs in its service area in 2012.

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 utilities 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 www.pge.com/en/about/newsroom/index.page.

http://www.pgecurrents.com
http://www.facebook.com/pacificgasandelectric
http://www.twitter.com/pge4me
http://www.linkedin.com/company/pacific-gas-and-electric-company
http://www.youtube.com/user/pgevideo

 

COUNTY

 December 10, 2014

Property Tax Payment

ALAMEDA   

$17,391,238

ALPINE

54,076

AMADOR     

911,643

BUTTE

3,101,541

CALAVERAS

729,023

COLUSA

4,263,749

CONTRA COSTA      

14,777,571

EL DORADO            

1,162,278

FRESNO                  

12,929,776

GLENN

614,272

HUMBOLDT          

2,296,309

KERN  

5,562,090

KINGS   

1,220,280

LAKE

626,805

LASSEN

31,670

MADERA 

1,765,340

MARIN     

2,455,657

MARIPOSA

216,967

MENDOCINO

1,202,294

MERCED  

2,307,454

MODOC

219,887

MONTEREY

2,708,413

NAPA

1,794,765

NEVADA

932,231

PLACER

3,807,052

PLUMAS       

2,003,727

SACRAMENTO   

3,646,076

SAN BENITO

545,784

SAN BERNARDINO

889,602

SAN FRANCISCO     

10,176,314

SAN JOAQUIN

7,839,383

SAN LUIS OBISPO  

13,515,097

SAN MATEO

8,336,728

SANTA BARBARA

815,408

SANTA CLARA

19,230,670

SANTA CRUZ

1,364,162

SHASTA

4,133,268

SIERRA  

100,238

SISKIYOU

105,152

SOLANO

4,117,592

SONOMA

4,648,875

STANISLAUS   

1,607,136

SUTTER

955,492

TEHAMA

967,581

TRINITY

98,257

TULARE

455,315

TUOLUMNE

693,934

YOLO

1,765,650

YUBA

1,003,215

TOTAL

$172,097,037

 

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/pge-pays-172-million-to-california-counties-300012324.html

SOURCE Pacific Gas and Electric Company

Corporate Relations, 415.973.5930, www.pge.com
RSS

Shareholder Information

EQ Shareowner Services
Transfer Agent
1-888-489-4689

PG&E Shareholder Services
CorporateSecretary@pge.com

Investor Relations Contact Info

invrel@pge-corp.com

Receive Email Alerts

Email Address *
Mailing Lists *



 
Enter the code shown above.