PG&E Pays Over $339 Million in Property Taxes to 50 California Counties

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Dec 28, 2022, 12:11 ET

Semi-annual Payments are 9% Higher Than Prior Year

OAKLAND, Calif., Dec. 28, 2022 /PRNewswire/ -- During the second half of 2022, Pacific Gas and Electric Company (PG&E) paid property taxes of over $339 million to the 50 counties where it owns properties that support gas and electric service to 16 million Californians.

"Property tax payments are just one of the many ways PG&E helps drive our hometown economies and supports essential public services like education, public health and public safety," said Chris Foster, Executive Vice President, and Chief Financial Officer for PG&E. "These payments reflect the substantial local investments we are making in our gas and electric infrastructure to create a safer and more reliable system, and to better mitigate against wildfire risk."

PG&E's payments of more than $339 million covers the period from July 1 to December 31, 2022. Total payments for the fiscal property tax year of July 1, 2022, to, June 30, 2023, will be more than $678 million — an increase of more than $57 million, or 9%, compared with the prior tax year.

The increase in property tax payments reflects PG&E's continuing investments to enhance and upgrade its gas and electrical infrastructure for safety, reliability, and wildfire mitigation across Northern and Central California.

PG&E supports the communities it serves in a variety of ways. In 2022, PG&E and the PG&E Corporation Foundation contributed $25 million to communities throughout Northern and Central California to enhance educational opportunities, preserve the environment, and support economic vitality and emergency preparedness. This included more than $1 million in relief to communities and small businesses for COVID 19 impacts. PG&E employees provide volunteer services in their local communities. The company also offers a broad spectrum of economic development services to help local businesses grow.

PG&E's First Installment of Property Taxes Paid by December 12, 2022

Alameda - $44,111,425
Alpine - $92,743
Amador - $1,358,854
Butte - $7,176,104
Calaveras - $1,561,514
Colusa - $4,688,592
Contra Costa - $26,080,535
El Dorado - $2,452,003
Fresno - $22,560,168
Glenn - $1,162,585
Humboldt - $5,831,568
Kern - $12,006,258
Kings - $1,993,743
Lake - $1,162,207
Lassen - $76,494
Madera - $3,103,658
Marin - $6,544,632
Mariposa - $490,689
Mendocino - $2,655,347
Merced - $5,252,016
Modoc - $266,409
Monterey - $5,479,483
Napa - $5,158,437
Nevada - $1,838,800
Placer - $8,244,424
Plumas - $3,110,413
Sacramento - $10,130,645
San Benito - $1,054,581
San Bernardino - $2,173,837
San Diego - $3,870
San Francisco - $16,484,926
San Joaquin - $17,252,886
San Luis Obispo - $7,527,379
San Mateo - $19,218,876
Santa Barbara - $1,512,646
Santa Clara - $43,674,171
Santa Cruz - $2,643,039
Shasta - $7,612,999
Sierra - $172,300
Siskiyou - $124,214
Solano - $8,591,176
Sonoma - $11,254,657
Stanislaus - $3,499,282
Sutter - $1,903,727
Tehama - $1,950,625
Trinity - $289,032
Tulare - $704,873
Tuolumne - $1,158,801
Yolo - $3,905,974
Yuba - $1,964,641

Total payments -- $339,268,256

About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE: PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit www.pge.com/ and pge.com/news.

SOURCE Pacific Gas and Electric Company