PG&E Pays $172 million to California Counties

Utility Property Taxes Fund 49 of 58 of California's Counties

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Dec 18, 2014, 07:40 ET

SAN FRANCISCO, Dec. 18, 2014 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) increased its payment of property taxes sharply this year as the utility continued to make significant investments in its gas and electric system to improve safety and reliability.

PG&E recently paid property taxes of more than $172 million to the 49 counties in which it provides service to 16 million Californians. The payment covers the period from July 1 to December 31, 2014. Total payments for the tax year of July 1, 2014 to June 30, 2015 will be $344 million—an increase of $27 million over the prior fiscal year.

"Our timely payment of property taxes helps local governments support essential public services for their residents," said Mark Caron, PG&E's Vice President of Taxes. "These payments also reflect the substantial ongoing investments in our gas and electric infrastructure that are creating one of the safest and most reliable utility systems in the country."

PG&E invested more than $5 billion this year to enhance and upgrade its gas and electrical infrastructure across Northern and Central California. One such investment is the recently completed $28.5 million state-of-the-art electric distribution control center in Fresno. PG&E expects to open two more control centers in Concord and Rocklin.

An economic impact report issued this year shows that PG&E's investments, purchases and payroll, in addition to the taxes and fees it pays, help drive California's economy. PG&E contributed $22.2 billion of economic activity and supported nearly 71,600 jobs in its service area in 2012.

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.

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COUNTY	December 10, 2014 Property Tax Payment
ALAMEDA	$17,391,238
ALPINE	54,076
AMADOR	911,643
BUTTE	3,101,541
CALAVERAS	729,023
COLUSA	4,263,749
CONTRA COSTA	14,777,571
EL DORADO	1,162,278
FRESNO	12,929,776
GLENN	614,272
HUMBOLDT	2,296,309
KERN	5,562,090
KINGS	1,220,280
LAKE	626,805
LASSEN	31,670
MADERA	1,765,340
MARIN	2,455,657
MARIPOSA	216,967
MENDOCINO	1,202,294
MERCED	2,307,454
MODOC	219,887
MONTEREY	2,708,413
NAPA	1,794,765
NEVADA	932,231
PLACER	3,807,052
PLUMAS	2,003,727
SACRAMENTO	3,646,076
SAN BENITO	545,784
SAN BERNARDINO	889,602
SAN FRANCISCO	10,176,314
SAN JOAQUIN	7,839,383
SAN LUIS OBISPO	13,515,097
SAN MATEO	8,336,728
SANTA BARBARA	815,408
SANTA CLARA	19,230,670
SANTA CRUZ	1,364,162
SHASTA	4,133,268
SIERRA	100,238
SISKIYOU	105,152
SOLANO	4,117,592
SONOMA	4,648,875
STANISLAUS	1,607,136
SUTTER	955,492
TEHAMA	967,581
TRINITY	98,257
TULARE	455,315
TUOLUMNE	693,934
YOLO	1,765,650
YUBA	1,003,215
TOTAL	$172,097,037