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

Pacific Gas and Electric Company (PG&E) is paying property taxes and franchise fees of more than $388 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 $21 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 years 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. PG&E received authorization from the bankruptcy court to pay property taxes and franchise fees so this support for local governments and schools would continue uninterrupted.

On April 10, PG&E paid property taxes of over $260 million to the 50 counties in which it owns property. The payment covers the period from January 1 to June 30, 2019. Total payments for the tax year of July 1, 2018 to June 30, 2019 are more than $520 millionan increase of $58 million, or 12 percent, over 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 by April 15.

PG&Es franchise fee payments totaled nearly $129 million “ almost $36 million for natural gas and $93 million for electric service.

PG&E invested about $6 billion last 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 nearly $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 nations cleanest energy to nearly 16 million people in Northern and Central California. For more information, visit www.pge.com/ and pge.com/news.

PG&Es Second Installment of Property Taxes Paid on April 10, 2019

COUNTY   FY2018-2019 2nd Installment

ALAMEDA

 

28,279,578

ALPINE   72,900
AMADOR   1,136,184
BUTTE   4,987,397
CALAVERAS   1,052,966
COLUSA   4,574,544
CONTRA COSTA   20,010,850
EL DORADO   1,672,068
FRESNO   18,897,369
GLENN   983,073
HUMBOLDT   3,721,944
KERN   9,638,871
KINGS   1,761,587
LAKE   893,419
LASSEN   41,148
MADERA   2,440,524
MARIN   4,522,856
MARIPOSA   301,288
MENDOCINO   1,787,900
MERCED   3,761,952
MODOC   247,070
MONTEREY   3,899,387
NAPA   3,260,655
NEVADA   1,319,204
PLACER   6,156,963
PLUMAS   2,729,447
SACRAMENTO   6,821,509
SAN BENITO   816,235
SAN BERNARDINO   1,319,236
SAN DIEGO   7,396
SAN FRANCISCO   14,921,291
SAN JOAQUIN   12,211,497
SAN LUIS OBISPO   14,792,941
SAN MATEO   13,720,011
SANTA BARBARA   1,242,485
SANTA CLARA   32,403,596
SANTA CRUZ   1,957,670
SHASTA   5,937,279
SIERRA   140,651
SISKIYOU   115,941
SOLANO   6,229,875
SONOMA   8,223,798
STANISLAUS   2,462,661
SUTTER   1,366,726
TEHAMA   1,364,549
TRINITY   164,017
TULARE   662,685
TUOLUMNE   935,085
YOLO   2,845,081
YUBA   1,269,111
TOTAL   260,082,469

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