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Pacific Gas and Electric Company Makes $259 Million in Franchise Fee, Property Tax Payments to California Cities, Counties

Release Date: April 20, 2011
Contact: PG&E External Communications (415) 973-5930

SAN FRANCISCO, Calif. – Pacific Gas and Electric Company (PG&E) announced it has made franchise fees and property tax payments totaling almost $259 million to the 49 counties and 244 cities in which it operates. The last payments were made by Friday, April 15.

The 2010 franchise fee payments total more than $118 million and represent nearly $28 million for gas and more than $90 million for electric service.

A franchise fee is a percentage of gross receipts that PG&E pays cities and counties for the right to use public streets to run gas and electric service.

The property tax payments total more than $140 million, representing full and timely payment of property taxes due for the period from January 1 to June 30, 2011. The company's tax payments to counties for tax year 2010/11 increased by almost $29 million over the previous property tax year's payments as a result of an increase in assessments due to PG&E's infrastructure investments and an overall increase in tax rates.

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric utilities in the United States. Based in San Francisco, with 20,000 employees, the company delivers some of the nation's cleanest energy to 15 million people in Northern and Central California. For more information, visit http://www.pge.com/about/newsroom/.

A full listing of county-by-county property tax payments is included below.

Pacific Gas and Electric Company Property Tax Payments,

Tax Year 2010/11, 2nd Installment.

CountyAmount $
ALAMEDA14,328,734
ALPINE52,389
AMADOR819,132
BUTTE2,617,655
CALAVERAS562,179
COLUSA1,620,928
CONTRA COSTA12,453,098
EL DORADO1,054,507
FRESNO10,547,337
GLENN517,785
HUMBOLDT1,491,984
KERN4,552,499
KINGS795,882
LAKE532,281
LASSEN41,317
MADERA1,220,470
MARIN1,937,436
MARIPOSA264,995
MENDOCINO926,923
MERCED1,831,959
MODOC214,011
MONTEREY2,244,902
NAPA1,372,106
NEVADA859,345
PLACER3,159,734
PLUMAS1,829,049
SACRAMENTO2,708,375
SAN BENITO449,703
SAN BERNARDINO620,343
SAN FRANCISCO8,593,583
SAN JOAQUIN6,192,097
SAN LUIS OBISPO13,112,814
SAN MATEO6,629,646
SANTA BARBARA684,621
SANTA CLARA15,278,718
SANTA CRUZ1,121,266
SHASTA3,744,287
SEIRRA61,552
SISKIYOU110,040
SOLANO3,519,269
SONOMA3,952,088
STANISLAUS1,005,425
SUTTER761,117
TEHAMA880,740
TRINITY90,611
TULARE350,211
TUOLUMNE532,372
YOLO1,385,917
YUBA1,053,579
Total 2nd Installment Tax Payment$140,687,013
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