Profile: PG&E Corp (PCG.N)
7 Dec 2016
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 is a public utility operating in northern and central California. The Utility's operations include 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 customers in its service territory. The Utility owns approximately 18,400 circuit miles of interconnected transmission lines operating at voltages ranging from 60 Kilovolts to 500 Kilovolts. The Utility also operated over 90 electric transmission substations with a capacity of approximately 63,400 Megavolt amperes (MVA). The Utility's electric transmission system is interconnected with electric power systems in the Western Electricity Coordinating Council, which includes western states, Alberta and British Columbia, and parts of Mexico.
The Utility's electricity distribution network consists of approximately 142,000 circuit miles of distribution lines, over 60 transmission switching substations, and over 600 distribution substations, with a capacity of approximately 31,400 MVA. The Utility's distribution network interconnects with its transmission system, primarily at switching and distribution substations, where equipment reduces the high-voltage transmission voltages to lower voltages, ranging from 44 Kilovolts to 2.4 Kilovolts, suitable for distribution to the Utility's customers. These distribution substations serve as the central hubs for the Utility's electric distribution network. The Utility provides natural gas transportation services to customers, including small commercial and residential customers (core customers), and to non-core customers, which include industrial, commercial, and natural gas-fired electric generation facilities that are connected to the Company's gas system in its service territory. Core customers can purchase natural gas procurement service from either the Utility or non-utility third-party gas procurement service providers. When core customers purchase gas supply from a core transport agent, the Utility continues to provide gas delivery, metering and billing services to customers.
The Utility offers backbone gas transmission, gas delivery and gas storage services as separate and distinct services to its non-core customers. The Utility also delivers gas to off-system customers and to third-party natural gas storage customers. The Utility owns and operates an integrated natural gas transmission, storage, and distribution system that include northern and central California. The Utility's natural gas system consists of approximately 42,800 miles of distribution pipelines, over 6,700 miles of backbone and local transmission pipelines, and various storage facilities. The Utility owns and operates over eight natural gas compressor stations on its backbone transmission system and one small station on its local transmission system that are used to move gas through the Utility's pipelines. The Utility's backbone transmission system, composed primarily of Lines 300, 400, and 401, 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.
The Utility owns and operates over three underground natural gas storage fields and has over 25% interest in a fourth storage field, all of which are connected to the its transmission system. 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, over four independent storage operators are interconnected to the Utility's northern California transmission system.
77 Beale St,
PO Box 770000
SAN FRANCISCO CA 94105-1814
Company Web Links
- BRIEF-PG&E board appointed Geisha Williams as CEO
- BRIEF-PG&E Corporation posts Q3 net income of $0.77/share
- NRC to discuss potential PG&E violation at Diablo Canyon nuclear plant
- BRIEF-PG&E Corp's board elects Eric Mullins as a director
- BRIEF-PG&E sets regular quarterly cash dividend of $0.49 per share