PG&E Corporate Responsibility and Sustainability Report 2017

PG&E Overview

PG&E Corporation is a holding company whose primary operating subsidiary is Pacific Gas and Electric Company, an investor-owned public energy company that operates in Northern and Central California and delivers some of the nation’s cleanest energy. Throughout this report, when we refer to “PG&E,” we are discussing all of PG&E Corporation and its subsidiaries, including Pacific Gas and Electric Company. When we refer to the “Utility,” we are discussing Pacific Gas and Electric Company.

Headquarters Location
San Francisco, California
Service Area
70,000 square miles in Northern and Central California
Service Area Population
Approximately 16 million people

Based in San Francisco, PG&E delivers some of the nation’s cleanest energy to nearly 16 million people in Northern and Central California.

Customer Accounts (as of December 31, 2016)
5.3 million electric distribution accounts:
  • 4.6 million residential
  • 0.7 million commercial, industrial and other
4.4 million natural gas distribution accounts:
  • 4.2 million residential
  • 0.2 million commercial and industrial
Employees (as of December 31, 2016)
Approximately 24,000 regular employees
Approximately 14,000 employees are covered by collective bargaining agreements with three labor unions:
  • International Brotherhood of Electrical Workers (IBEW), Local 1245, AFL-CIO,
  • Engineers and Scientists of California/International Federation of Professional and Technical Engineers (ESC/IFPTE), Local 20, AFL-CIO and CLC, and
  • Service Employees International Union (SEIU), Local 24/7.
  • 7,691 MW of owned hydroelectric, nuclear, natural gas, solar and fuel cell generation,
  • Approximately 106,700 circuit miles of electric distribution lines (about 25 percent underground and 75 percent overhead) and approximately 18,400 circuit miles of electric transmission lines, and
  • Approximately 42,800 miles of gas distribution pipelines, 6,750 miles of backbone and local gas transmission pipelines, and three gas storage facilities.
Net Operating Capacity of Owned Generation Facilities Footnote 1
Facility Net Operating Capacity (MW)
Total 7,691
Fossil Fuel-Fired Plants
Colusa Generating Station Footnote 2a 657
Gateway Generating Station Footnote 2b 580
Humboldt Bay Generating Station Footnote 2c 163
Fuel Cell Facilities 3
Other Plants
Diablo Canyon Power Plant Footnote 3 2,240
Hydroelectric Facilities 3,896
Solar Photovoltaic Facilities 152
  • 1. As of December 31, 2016
  • 2. Natural gas power plant 2a, 2b, 2c
  • 3. Nuclear power plant
General Energy Production Statistics
2014 2015 2016
Electricity Generated (GWh net) Footnote 1 28,929 30,719 33,525
Fossil Fuel-Fired Plants (GWh net) 6,096 7,307 5,718
Colusa Generating Station (GWh net) 2,485 3,572 2,909
Gateway Generating Station (GWh net) 3,242 3,315 2,436
Humboldt Bay Generating Station (GWh net) 350 406 368
Fuel Cell Facilities (GWh net) 20 14 5
Other Plants (GWh net)
Diablo Canyon Power Plant (GWh net) 17,039 18,525 18,931
Hydroelectric Facilities (GWh net) 5,458 4,568 8,554
Solar Photovoltaic Facilities (GWh net) 337 319 322
Electricity Purchased (GWh) 51,679 48,559 41,691
Retail Electricity Sales (GWh) Footnote 2 74,547 72,113 68,441
  • 1. Net of electricity used to operate plants. Data may not add up due to rounding.
  • 2. Excludes sales to direct access and community choice customers, and sales to railroads and railways.
Natural Gas Throughput
2014 2015 2016
Total Natural Gas Throughput (million cubic feet or MMcf) Footnote 1 914,033 904,522 822,655
System Investments
Approximately $5.7 billion in capital investments in 2016 to enhance PG&E’s infrastructure and improve safety and reliability
Contribution to State and Local Revenues
PG&E is a major contributor to the revenue that state and local governments depend on to fund critical public services. In addition to property taxes, PG&E pays franchise fees to cities and counties for the right to use public streets for gas and electric facilities.
Franchise Fee and Property Tax Payments
2014 2015 2016
Franchise Fees $152,081,941 $156,127,382 $157,305,763
Property Tax Payments $344,194,074 $385,860,200 $411,210,604
Financial Performance
The financial information below is derived from PG&E Corporation’s Consolidated Financial Statements at December 31, 2015 and December 31, 2016, unless otherwise indicated, which include the accounts of PG&E Corporation, the Utility and other wholly owned and controlled subsidiaries.
Financial Highlights Footnote 1
(unaudited, in millions, except share and per share amounts)
2015 2016
Dividends Declared Per Common Share 1.82 1.93
Total Assets at December 31, Footnote 5 $63,234 $68,598
Number of Common Shares Outstanding at December 31, 492,025,443 506,891,874
Operating Revenues $16,833 $17,666
Income Available for Common Shareholders
Earnings from operations Footnote 2a 1,519 1,884
Items impacting comparability Footnote 3a, Footnote 4a (645) (491)
Reported Consolidated Income Available for Common Shareholders 874 1,393
Income Per Common Share, Diluted
Earnings from operations Footnote 2b 3.12 3.76
Items impacting comparability Footnote 3b, Footnote 4b (1.33) (0.98)
Reported Consolidated Net Earnings Per Common Share, Diluted 1.79 2.78

For more information, see PG&E Corporation’s and Pacific Gas and Electric Company’s 2016 Joint Annual Report to Shareholders or Annual Report on Form 10-K for year ended December 31, 2016, which have been filed with the U.S. Securities and Exchange Commission.

Forward-Looking Statements

This Corporate Responsibility and Sustainability Report, including the Messages from PG&E Corporation’s Chief Executive Officer and President and Chief Sustainability Officer, contains forward-looking statements regarding our strategic plans that have been shaped by an assessment of risks and opportunities that management has determined are material to our long-term corporate sustainability.

These plans, the assessment, and the underlying assumptions and forecasts on which they are based, are necessarily subject to various risks and uncertainties, the realization or resolution of which may be outside of management’s control. Actual results could differ materially from those expressed or implied in the forward-looking statements. For a discussion of some of the factors that could cause actual results to differ materially, please see our reports filed with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2016 (the “2016 Annual Report”) and the Quarterly Reports on Form 10-Q for the quarters ended March 31, 2017 and June 30, 2017.