San Francisco, California-based PG&E Corporation operates as a holding company. Through its primary business segment, the Pacific Gas and Electric Company, the company distributes electricity and natural gas in the Northern and Central California regions. It was in 1995 that the business was incorporated.
Pacific Gas and Electric Company has been around since 1905 and for more than 110 years, the business has provided people around the state the energy resources they need to continue powering their mundane work. More than 16 million consumers rely on the offerings of the company. It is considered as one of the largest combination (electricity and natural gas) utility company in the United States. The service area of the company spans more than 70,000 square miles. Just like other utility companies in the state, the business is also regulated by the California Public Utilities Commission.
Part of the assets of the company are their 18,100 circuit miles of interconnected transmission lines. They also have 91 operational electric transmission substations that are capable of generating approximately 63,400 Megavolt amperes. They have three underground natural gas storage fields, where they also operate their compressors and other facilities to store and withdraw their natural gas resources. It supports the needs of residential customers, businesses and institutions. 5.4 million of their customers make use of their generated electricity and the other 4.3 million avail of their distributed natural gas.
PG&E Corporation engages in activities related to the generation of energy, distribution of these resources and transmission of electricity and natural gas to their consumers around the states. The company continues to invest in the expansion and maintenance of its assets to better serve their clients. The company is traded publicly on the New York Stock Exchange and continues to market its common shares using the ticker symbol PCG.
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