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Pacific Gas and Electric Company Makes $107 Million in Property Tax Payments to California Counties

Release Date: April 10, 2008
Contact: PG&E External Communications (415) 973-5930

SAN FRANCISCO –Pacific Gas and Electric Company announced it will make property tax payments totaling nearly $107 million to the 49 counties in which it operates. This amount, which will be paid on Thursday, April 10, represents full and timely payment of property taxes due for the period from January 1 to June 30, 2008.

"Local governments are facing many financial challenges and must address public safety, environmental protection, health care and education needs with limited resources," said Nancy E. McFadden, PG&E's senior vice president of public affairs. "Pacific Gas and Electric Company is proud of its ongoing commitment to help fund these vital community services by providing regular and timely payments to local governments for both property taxes and franchise fees."

The company’s tax payments to counties for tax year 2007/08 increased by more than $19 million over the previous property tax years payments as a result of an increase in assessments due to PG&E’s infrastructure investments and an overall increase in tax rates.

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

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation, 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 www.pge.com/about/.

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