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Profile: PG&E Corp (PCG.N)

PCG.N on New York Stock Exchange

24 May 2019
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PG&E Corporation, incorporated on November 17, 1995, is a holding company. The Company's primary operating subsidiary is Pacific Gas and Electric Company (the Utility), which operates in northern and central California. The Utility is engaged in the sale and delivery of electricity and natural gas to customers. The Utility generates electricity and provides electricity transmission and distribution services throughout its service territory in northern and central California to residential, commercial, industrial, and agricultural customers. The Utility provides bundled services (electricity, transmission and distribution services) to various customers in its service territory. As of December 31, 2016, the Utility owned approximately 18,400 circuit miles of interconnected transmission lines operating at voltages ranging from 60 kilovolt to 500 kilovolt. As of December 31, 2016, the Utility also operated 92 electric transmission substations with a capacity of approximately 64,600 megavolt ampere (MVA). The Utility's electric transmission system is interconnected with electric power systems in the Western Electricity Coordinating Council, which includes various western states, Alberta and British Columbia, and parts of Mexico.

As of December 31, 2016, the Utility's electricity distribution network consisted of approximately 142,000 circuit miles of distribution lines, 59 transmission switching substations and 606 distribution substations, with a capacity of approximately 31,800 MVA. The Utility's distribution network interconnects with its transmission system, primarily at switching and distribution substations. These distribution substations serve as the central hubs for the Utility's electric distribution network. The Utility sells electricity from its distribution facilities to entities, such as municipal and other utilities, that resell the electricity. The Utility provides natural gas transportation services to core customers (small commercial and residential customers) and to non-core customers (industrial, large commercial and natural gas-fired electric generation facilities) that are connected to the Utility's gas system in its service territory. The Utility offers backbone gas transmission, gas delivery (local transmission and distribution), and gas storage services as separate and distinct services to its non-core customers. Access to the Utility's backbone gas transmission system is available for all natural gas marketers and shippers, as well as non-core customers. The Utility also delivers gas to off-system customers (outside of the Utility's service territory) and to third-party natural gas storage customers.

The Utility owns and operates an integrated natural gas transmission, storage and distribution system. As of December 31, 2016, the Utility's natural gas system consisted of approximately 42,800 miles of distribution pipelines, over 6,700 miles of backbone and local transmission pipelines, and various storage facilities. As of December 31, 2016, the Utility owned and operated eight natural gas compressor stations on its backbone transmission system and one small station on its local transmission system that were used to move gas through the Utility's pipelines. The Utility's backbone transmission system is used to transport gas from the Utility's interconnection with interstate pipelines, other local distribution companies, and California gas fields to the Utility's local transmission and distribution systems. As of December 31, 2016, the Utility owned and operated three underground natural gas storage fields. The Utility owns and operates compressors and other facilities at these storage fields that are used to inject gas into the fields for storage and later withdrawal. In addition, four independent storage operators are interconnected to the Utility's northern California transmission system. As of December 31, 2016, the Utility had installed 268 automatic and remote control shut-off valves on its gas transmission system.

Company Address

PG&E Corp

77 Beale St,
PO Box 770000
SAN FRANCISCO   CA   94105-1814
P: +1415.9731000

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