Sector: Utilities | Industry: Electric Utilities |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 300 Lakeside Drive OAKLAND CA 94612 |
Tel: | N/A |
Website: | https://www.pgecorp.com |
IR: | See website |
Key People | ||
Patricia K. Poppe Chief Executive Officer, Director | Jason M. Glickman Executive Vice President - Engineering, Planning and Strategy of Pacific Gas and Electric Company | Carolyn Jeanne Burke Chief Financial Officer, Executive Vice President |
Sumeet Singh Chief Operating Officer, Executive Vice President - Operations, Director | Kaled Awada Chief People Officer, Executive Vice President | John R. Simon Executive Vice President, General Counsel, Chief Ethics and Compliance Officer |
Julius Cox Executive Vice President - People, Shared Services, and Supply Chain of the Company and Pacific Gas and Electric Company | Carla J. Peterman Executive Vice President - Corporate Affairs and Chief Sustainability Officer | Adam L. Wright Executive Vice President - Operations, Chief Operating Officer, Pacific Gas and Electric Company | Ajay Waghray Senior Vice President, Chief Information Officer |
Business Overview |
PG&E Corporation is a holding company. The Company's primary operating subsidiary is Pacific Gas and Electric Company (the Utility), which operates in northern and central California. The Utility is engaged in the sale and delivery of electricity and natural gas to customers. The Utility generates electricity and provides electric transmission and distribution services throughout its service area in northern and central California to residential, commercial, industrial, and agricultural customers. The Utility provides electricity, transmission, and distribution services in its service area. The Utility owns approximately 18,000 circuit miles of interconnected transmission lines operating at voltages ranging from 60 kilovolts (kV) to 500 kV. It also operates 33 electric transmission substations with a capacity of approximately 66,000 megavolt amperes (MVA). Customers also can obtain electricity from alternative providers such as municipalities or community choice aggregators (CCAs). |
Financial Overview |
For the fiscal year ended 31 December 2023, PG&E Corp revenues increased 13% to $24.43B. Net income applicable to common stockholders increased 25% to $2.24B. Revenues reflect Electric increase of 16% to $17.42B, Natural Gas increase of 6% to $7B. Net income benefited from Interest Income increase from $162M to $606M (income), Cost of natural gas decrease of 16% to $1.75B (expense), Cost of electricity decrease of 11% to $2.44B (expense). |
Employees: | 10 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $92,452M as of Dec 31, 2023 |
Annual revenue (TTM): | $24,428M as of Dec 31, 2023 |
EBITDA (TTM): | $7,040M as of Dec 31, 2023 |
Net annual income (TTM): | $2,242M as of Dec 31, 2023 |
Free cash flow (TTM): | -$4,967M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $56,500M as of Dec 31, 2023 |
Shares outstanding: | 2,133,623,076 as of Feb 14, 2024 |
Index Membership: | S&P 500 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |