SAN FRANCISCO--(BUSINESS WIRE)--
Pacific Gas and Electric Company’s (PG&E) property taxes increased
sharply this year as the utility continued to make significant
investments in its gas and electric infrastructure to improve safety and
reliability for its customers.
PG&E recently paid property taxes of nearly $193 million to 50
California counties. These payments cover the period from July 1 to
December 31, 2015. Total payments for the tax year of July 1, 2015 to
June 30, 2016 will be nearly $385 million—an increase of $40 million
over the prior fiscal year, or 11 percent.
“Property tax payments are one of the important ways PG&E helps
contribute to the local economies, supporting essential public services
like education and public safety for the 16 million Californians we
serve. 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 utility systems in the
country,” said Kent Harvey, senior vice president and chief financial
officer for PG&E.
PG&E invested more than $5 billion this year to maintain and upgrade its
gas and electrical infrastructure across Northern and Central California.
One such investment is the recently completed $40 million
state-of-the-art electric
distribution control center in Concord. PG&E opened a $28.5
million-control center in Fresno last year and expects to open another
control center in Rocklin in early 2016. PG&E also recently broke ground
to construct a $75 million-gas operations technical training center in
Winters. These investments will result in additional property tax
revenues in future years.
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
https://twitter.com/pge4me
http://www.linkedin.com/company/pacific-gas-and-electric-company
http://www.youtube.com/user/pgevideo
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COUNTY
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1st Installment Property
Tax Payments on
Dec. 10, 2015
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ALAMEDA
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19,658,015
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ALPINE
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59,283
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AMADOR
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955,868
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BUTTE
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3,320,701
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CALAVERAS
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807,581
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COLUSA
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4,213,442
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CONTRA COSTA
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16,748,589
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EL DORADO
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1,242,561
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FRESNO
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14,431,766
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GLENN
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673,957
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HUMBOLDT
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2,635,236
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KERN
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6,305,061
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KINGS
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1,354,491
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LAKE
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694,533
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LASSEN
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34,176
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MADERA
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1,948,970
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MARIN
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2,751,855
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MARIPOSA
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223,617
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MENDOCINO
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1,354,151
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MERCED
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2,748,132
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MODOC
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237,069
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MONTEREY
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3,041,742
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NAPA
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1,995,743
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NEVADA
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1,024,106
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PLACER
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4,280,135
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PLUMAS
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2,092,493
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SACRAMENTO
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4,262,535
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SAN BENITO
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596,308
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SAN BERNARDINO
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1,070,988
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SAN DIEGO
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9,596
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SAN FRANCISCO
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11,304,100
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SAN JOAQUIN
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8,910,801
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SAN LUIS OBISPO
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14,126,226
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SAN MATEO
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10,182,039
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SANTA BARBARA
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909,345
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SANTA CLARA
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21,907,530
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SANTA CRUZ
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1,477,645
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SHASTA
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4,567,520
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SIERRA
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110,634
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SISKIYOU
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112,143
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SOLANO
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4,683,627
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SONOMA
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5,481,752
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STANISLAUS
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1,793,334
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SUTTER
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1,107,174
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TEHAMA
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1,041,243
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TRINITY
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109,639
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TULARE
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511,830
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TUOLUMNE
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752,515
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YOLO
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1,998,803
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YUBA
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1,070,477
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Total Payments
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192,931,076
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View source version on businesswire.com: http://www.businesswire.com/news/home/20151218005786/en/
Source: PG&E Corporation