PG&E Increases Property Tax and Franchise Fees Payments to Cities, Counties This Year

Pacific Gas and Electric Company (PG&E) is paying property taxes and franchise fees of more than $367 million this spring to the 50 counties and 247 cities where the energy company owns and operates gas and electric infrastructure that serves 16 million Californians. This is an increase of $30 million over payments made a year ago.

“Property tax and franchise fee payments are one of the important ways PG&E helps drive local economies and support essential public services like education and public safety. 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 energy companies in the nation,” said Jason Wells, senior vice president and chief financial officer for PG&E.

PG&E increased its payment of property taxes sharply this year as the energy company continued to make significant investments in its gas and electric system to support safety and reliability.

On April 10, PG&E paid property taxes of over $230 million to the 50 counties in which it owns property. The payment covers the period from January 1 to June 30, 2018. Total payments for the tax year of July 1, 2017 to June 30, 2018 are more than $461 million—an increase of $50 million over, or 12 percent more than, the prior fiscal year.

PG&E pays franchise fees to cities and counties for the use of public streets for its gas and electric facilities. The energy company submitted the fees to counties by March 31 and to cities by April 15.

PG&E’s franchise fee payments totaled nearly $137 million – almost $37 million for natural gas and $100 million for electric service.

PG&E invested about $6 billion last year and expects to invest another $6 billion this year to enhance and upgrade its gas and electrical infrastructure across Northern and Central California.

PG&E supports the communities it serves in a variety of ways. Last year PG&E provided more than $28 million in community grants and investments to enrich local educational opportunities, preserve the environment, and support economic vitality and emergency preparedness. PG&E employees provide thousands of hours of volunteer service in their local communities. The company also offers a broad spectrum of economic development services to help local businesses grow.

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 energy companies 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 pge.com/news.

PG&E’s Second Installment of Property Taxes Paid on April 10, 2018

COUNTY

PROPERTY TAX PAYMENT

ALAMEDA

        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          23,910,294
        
      
      
        
          ALPINE
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          70,240
        
      
      
        
          AMADOR
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          1,078,087
        
      
      
        
          BUTTE
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          3,900,167
        
      
      
        
          CALAVERAS
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          993,921
        
      
      
        
          COLUSA
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          4,305,964
        
      
      
        
          CONTRA COSTA
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          18,704,718
        
      
      
        
          EL DORADO
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          1,541,364
        
      
      
        
          FRESNO
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          16,820,124
        
      
      
        
          GLENN
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          782,234
        
      
      
        
          HUMBOLDT
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          3,432,207
        
      
      
        
          KERN
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          7,696,500
        
      
      
        
          KINGS
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          1,666,050
        
      
      
        
          LAKE
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          862,779
        
      
      
        
          LASSEN
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          39,448
        
      
      
        
          MADERA
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          2,286,005
        
      
      
        
          MARIN
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          3,661,099
        
      
      
        
          MARIPOSA
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          269,255
        
      
      
        
          MENDOCINO
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          1,632,858
        
      
      
        
          MERCED
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          3,411,694
        
      
      
        
          MODOC
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          227,973
        
      
      
        
          MONTEREY
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          3,607,815
        
      
      
        
          NAPA
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          2,827,874
        
      
      
        
          NEVADA
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          1,218,797
        
      
      
        
          PLACER
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          5,456,991
        
      
      
        
          PLUMAS
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          2,339,038
        
      
      
        
          SACRAMENTO
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          6,258,136
        
      
      
        
          SAN BENITO
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          680,494
        
      
      
        
          SAN BERNARDINO
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          1,205,841
        
      
      
        
          SAN DIEGO
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          7,665
        
      
      
        
          SAN FRANCISCO
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          14,353,617
        
      
      
        
          SAN JOAQUIN
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          11,260,063
        
      
      
        
          SAN LUIS OBISPO
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          14,910,000
        
      
      
        
          SAN MATEO
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          12,520,118
        
      
      
        
          SANTA BARBARA
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          1,108,093
        
      
      
        
          SANTA CLARA
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          26,041,456
        
      
      
        
          SANTA CRUZ
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          1,715,627
        
      
      
        
          SHASTA
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          5,143,166
        
      
      
        
          SIERRA
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          125,892
        
      
      
        
          SISKIYOU
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          110,193
        
      
      
        
          SOLANO
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          5,905,000
        
      
      
        
          SONOMA
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          7,156,279
        
      
      
        
          STANISLAUS
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          2,124,403
        
      
      
        
          SUTTER
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          1,346,278
        
      
      
        
          TEHAMA
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          1,140,366
        
      
      
        
          TRINITY
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          135,508
        
      
      
        
          TULARE
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          596,150
        
      
      
        
          TUOLUMNE
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          869,671
        
      
      
        
          YOLO
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          2,295,755
        
      
      
        
          YUBA
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $
        
        
          1,163,001
        
      
      
        
          

TOTAL

$

230,916,267

View source version on businesswire.com: https://www.businesswire.com/news/home/20180416006075/en/

Pacific Gas and Electric CompanyMedia Relations, 415-973-5930