PG&E Corp

# PG&E Corp

Pacific Gas and Electric Company, operating through its primary subsidiary, is a regulated utility providing electricity and natural gas services to approximately 16 million people across central, coastal, and northern California. The company operates an extensive transmission and distribution network serving residential, commercial, and industrial customers across a service territory covering roughly 70,000 square miles.

The business consists of two primary segments: electric utility operations and natural gas utility operations. The electric segment manages generation, transmission, and distribution of electricity, while the natural gas segment handles the procurement, transmission, and distribution of natural gas. Both segments operate under California Public Utilities Commission regulation, which establishes rates and operating parameters.

PG&E employs approximately 24,000 people and generates annual revenues in the range of $18–20 billion. The company maintains significant infrastructure assets including power generation facilities, transmission lines, and distribution networks serving the San Francisco Bay Area, the Central Valley, and the Sierra Nevada region. Operations are subject to regulatory oversight governing service reliability, safety standards, and environmental compliance, with particular focus on wildfire mitigation and grid modernization initiatives.