Pacific Gas and Electric Company · San Francisco, CA United States
Company Description
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This link will open in a new window Churning waters created by California's energy crisis are finally settling for Pacific Gas and Electric. The utility distributes electricity to 5.1 million residential, commercial, and industrial customers and natural gas to approximately 4.3 million customers in Central and Northern California. Pacific Gas and Electric has interests in power plants with a total of more than 6,270 MW of generating capacity (30% of its total power portfolio, the rest is purchased). It is also engaged in electricity procurement and transmission, and natural gas procurement, transportation and storage. Pacific Gas and Electric is a subsidiary of PG&E Corporation . To read the full description, subscribe now.
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Key Pacific Gas and Electric Company Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $14,628.0 |
| Employees | 21,451 |
Pacific Gas and Electric Company Executives
49 executives listed for Pacific Gas and Electric Company's San Francisco, CA location.
| Title | Name & Bio | Contact |
| Chairman | Peter Darbee | Network |
| President | Christopher Johns | Network |
| SVP and COO | John Keenan | Network |
Competition
Competitive Landscape for Pacific Gas and Electric Company
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top Pacific Gas and Electric Company Competitors
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