Release Date: March 09, 2017
Contact: PG&E External Communications (415) 973-5930
SAN FRANCISCO, Calif. — Pacific Gas and Electric Company (PG&E) today announced that it spent a record $2.85 billion with diverse suppliers in 2016, accounting for 44 percent of its total procurement. For the fifth straight year, diverse suppliers accounted for $2 billion-plus of the company's spend and more than 40 percent of PG&E's total spend for the fourth consecutive year.
In addition, PG&E eclipsed the California Public Utilities Commission's (CPUC) diverse spending goal of 21.5 percent for the 11th year in a row.
"For PG&E to effectively meet the needs of our customers in today's evolving energy landscape, more than ever we need to work with our diverse suppliers to build a better California together. We're ‘all in' when it comes to building on the 36 years of success of our supplier diversity program," said Pacific Gas and Electric Company President and Chief Operating Officer Nick Stavropoulos.
In 2016, PG&E achieved new spending records in the following reporting categories:
|CATEGORY||2015||2016||INCREASE FROM 2015|
|Minority Business Enterprise (MBE)||$1.591B||$1.828B||$237.6M/13 percent|
|Women Business Enterprise (WBE)||$723.1M||$797.7M||$74.6M/9 percent|
|Service Disabled Veteran (DVBE)||$154.6M||$223.8M||$69.2M/31 percent|
Over the last 36 years, PG&E has been committed to supporting a diverse supply chain. The company has developed one of the leading supplier diversity programs in the energy industry.
In addition to maintaining high levels of spend with diverse suppliers, PG&E has focused on elevating the quality of its supplier diversity program by addressing key success factors for suppliers.
For example, PG&E has held multiple workshops throughout the year to educate small and diverse businesses on how to compete for utility business. PG&E's technical assistance and capacity building initiatives have helped businesses become more competitive.
The company has actively supported the development of its diverse suppliers through mentorship, scholarships, opportunity identification and value chain analysis. In addition, PG&E's Supplier Development Program has matched 30 diverse suppliers with PG&E senior executive mentors.
PG&E's Supply Chain Responsibility website contains more information about the program. The site also provides details on how to become a certified diverse supplier.
In 2016, PG&E received numerous national accolades for its supplier diversity efforts:
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 more than 20,000 employees, the company delivers some of the nation's cleanest energy to nearly 16 million people in Northern and Central California. For more information, visit www.pge.com/ and www.pge.com/en/about/newsroom/index.page.
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.