PG&E (ASX: PCG) — Company Overview, News & Financial Data
PG&E is a public utility in California focusing on electricity and natural gas delivery with a commitment to sustainability.
PG&E
PG&E is an energy holding company operating through its primary subsidiary, Pacific Gas and Electric Company, which provides natural gas and electric service to customers across Northern and Central California. Serving millions of residential, commercial, industrial, and agricultural accounts, the utility manages an extensive transmission and distribution grid covering a service area of 70,000 square miles. Its core operations encompass electric power generation, transmission, and distribution, alongside natural gas procurement, transportation, storage, and distribution. The company is actively executing large-scale grid modernization initiatives, including extensive undergrounding of power lines and wildfire mitigation programs to enhance system safety and reliability across its service territory.
Snapshot
Operations
Products and/or services of PG&E
- Electric Distribution: Provision of retail electricity delivery services to over 5.5 million customer accounts across a 70,000-square-mile service territory in Northern and Central California, operating over 100,000 circuit miles of distribution power lines.
- Electric Transmission: Operation and maintenance of high-voltage transmission infrastructure, encompassing approximately 18,000 circuit miles of lines and interconnected substations that transfer bulk electricity from power generators to regional distribution networks.
- Natural Gas Distribution: Procurement, transportation, and delivery of natural gas to more than 4.5 million customer accounts through a regional network comprising over 43,000 miles of distribution pipelines and service connections.
- Natural Gas Transmission and Storage: Management of interstate and intrastate gas transmission pipelines spanning over 6,000 miles, supported by underground gas storage facilities to ensure reliable fuel supply for power plants and gas utility customers.
- Power Generation Facilities: Operation of a diverse power generation portfolio, including the 2,240-megawatt Diablo Canyon Nuclear Power Plant, hydroelectric facilities, and natural gas-fired power plants to produce electricity for regional grid demand.
- Grid Undergrounding and Infrastructure Hardening: Execution of a long-term risk-mitigation capital program aimed at undergrounding 5,000 miles of overhead distribution lines and installing covered conductors across high wildfire-risk areas in Northern California.
PG&E executive team
- Ms. Patricia Kessler PoppeCEO & Director
- Ms. Carolyn J. BurkeCFO & Executive VP
- Mr. Ajay WaghrayExecutive VP & Chief Information Officer
- Mr. John R. SimonExecutive VP, General Counsel and Chief Ethics & Compliance Officer
- Ms. Stephanie N. WilliamsVP & Controller
- Ms. Carla J. PetermanPresident & Executive VP of Customer & Corporate Affairs
- Mr. Jonathan P. ArnoldVice President of Investor Relations
- Mr. Alejandro T. VallejoExecutive VP & Chief People Officer
- Mr. Aaron J. JohnsonSenior VP of Local Customer & Community Engagement and Chief Sustainability Officer
- Mr. Matthew B. HayesVP & Chief Safety Officer