PG&E hikes its payments of property tax, franchise fees to local gov’ts

/ 12:01 AM April 19, 2019

SAN FRANCISCO— Pacific Gas and Electric Company (PG&E) is paying property taxes and franchise fees of more than $388 million this spring to the 50 counties and 247 cities where the energy company owns and operates gas and electric infrastructure that serves 16 million Californians. This is an increase of $21 million over payments made a year ago.

“Property tax and franchise fee payments are one of the important ways PG&E helps drive local economies and support essential public services like education and public safety. This year’s higher payments reflect the substantial local investments we are making in our gas and electric infrastructure to create one of the safest and most reliable energy companies in the nation,” said Jason Wells, senior vice president and chief financial officer for PG&E.

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PG&E increased its payment of property taxes sharply this year as the energy company continued to make significant investments in its gas and electric system to support safety and reliability. PG&E received authorization from the bankruptcy court to pay property taxes and franchise fees so this support for local governments and schools would continue uninterrupted.

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On April 10, PG&E paid property taxes of over $260 million to the 50 counties in which it owns property. The payment covers the period from January 1 to June 30, 2019. Total payments for the tax year of July 1, 2018 to June 30, 2019 are more than $520 million—an increase of $58 million, or 12 percent, over the prior fiscal year.

PG&E pays franchise fees to cities and counties for the use of public streets for its gas and electric facilities. The energy company submitted the fees by April 15.

PG&E’s franchise fee payments totaled nearly $129 million – almost $36 million for natural gas and $93 million for electric service.

PG&E invested about $6 billion last year to enhance and upgrade its gas and electrical infrastructure across Northern and Central California.

PG&E supports the communities it serves in a variety of ways. Last year PG&E provided nearly $28 million in community grants and investments to enrich local educational opportunities, preserve the environment, and support economic vitality and emergency preparedness. PG&E employees provide thousands of hours of volunteer service in their local communities. The company also offers a broad spectrum of economic development services to help local businesses grow.

 

PG&E’s Second Installment of Property Taxes Paid on April 10, 2019

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COUNTY FY2018-2019
2nd Installment 
ALAMEDA                    28,279,578
ALPINE                          72,900
AMADOR                      1,136,184
BUTTE                      4,987,397
CALAVERAS                      1,052,966
COLUSA                      4,574,544
CONTRA COSTA                    20,010,850
EL DORADO                      1,672,068
FRESNO                    18,897,369
GLENN                        983,073
HUMBOLDT                      3,721,944
KERN                      9,638,871
KINGS                      1,761,587
LAKE                        893,419
LASSEN                          41,148
MADERA                      2,440,524
MARIN                      4,522,856
MARIPOSA                        301,288
MENDOCINO                      1,787,900
MERCED                      3,761,952
MODOC                        247,070
MONTEREY                      3,899,387
NAPA                      3,260,655
NEVADA                      1,319,204
PLACER                      6,156,963
PLUMAS                      2,729,447
SACRAMENTO                      6,821,509
SAN BENITO                        816,235
SAN BERNARDINO                      1,319,236
SAN DIEGO                            7,396
SAN FRANCISCO                    14,921,291
SAN JOAQUIN                    12,211,497
SAN LUIS OBISPO                    14,792,941
SAN MATEO                    13,720,011
SANTA BARBARA                      1,242,485
SANTA CLARA                    32,403,596
SANTA CRUZ                      1,957,670
SHASTA                      5,937,279
SIERRA                        140,651
SISKIYOU                        115,941
SOLANO                      6,229,875
SONOMA                      8,223,798
STANISLAUS                      2,462,661
SUTTER                      1,366,726
TEHAMA                     1,364,549
TRINITY                        164,017
TULARE                        662,685
TUOLUMNE                        935,085
YOLO                      2,845,081
YUBA                      1,269,111
TOTAL               260,082,469 

 

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TAGS: electric and gas provider, franchise fee payments, local government revenues, PG&E, property tax payments, utility, utility’s payment to cities and counties
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