PG&E Making $157 Million In Property Tax Payments To 49 California Counties

SAN FRANCISCO, Dec. 11, 2012 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) announced today it is making property tax payments totaling over $157 million to the 49 counties in which it operates.

This amount, being paid this week, is the first of two annual installments and represents full and timely payment of property taxes due for the period from July 1, 2012 to Dec. 31, 2012.

"Local governments are facing financial challenges and must address public safety, environmental protection, health care, education and other needs with limited resources," said Mark Caron, PG&E's vice president of tax. "PG&E's timely and substantial payments to local governments for property taxes and other fees help them address those vital community services."

The company's tax payments to counties for tax year 2012/13 increased by more than $18 million over the previous property tax year's payments as a result of an increase in assessments due to PG&E's infrastructure investments. This includes upgrades to improve electric and gas safety, reliability and capacity, as well as energy-generating-station development.

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

PACIFIC GAS AND ELECTRIC COMPANY

2012 - 2013 PROPERTY TAXES

1ST INSTALLMENT PAYMENTS



COUNTY

1ST INSTALLMENT

ALAMEDA                       

15,618,468.00

ALPINE

53,391.56

AMADOR     

854,579.45

BUTTE

2,878,157.43

CALAVERAS

631,471.35

COLUSA

4,376,302.10

CONTRA COSTA             

13,246,456.61

EL DORADO                    

1,178,317.07

FRESNO                          

11,463,026.85

GLENN

567,044.49

HUMBOLDT                      

1,951,266.58

KERN                              

5,212,099.78

KINGS                             

909,575.76

LAKE

592,082.00

LASSEN

29,179.76

MADERA                          

1,594,541.09

MARIN                              

2,231,051.02

MARIPOSA

253,253.00

MENDOCINO

1,088,062.99

MERCED                         

2,220,409.46

MODOC

221,290.65

MONTEREY

2,480,728.26

NAPA

1,537,259.10

NEVADA

880,852.17

PLACER

3,493,703.92

PLUMAS                                

1,876,985.38

SACRAMENTO                  

3,167,680.26

SAN BENITO

489,136.84

SAN BERNARDINO

675,500.08

SAN FRANCISCO           

9,504,579.86

SAN JOAQUIN              

7,185,720.34

SAN LUIS OBISPO          

13,704,921.06

SAN MATEO

7,456,996.00

SANTA BARBARA

758,846.46

SANTA CLARA

16,348,472.48

SANTA CRUZ

1,239,991.16

SHASTA

4,099,254.58

SIERRA                            

62,010.40

SISKIYOU

110,014.84

SOLANO

3,839,713.29

SONOMA                         

4,362,157.43

STANISLAUS                   

1,235,395.05

SUTTER

824,611.11

TEHAMA

960,737.95

TRINITY

95,302.85

TULARE                             

401,058.95

TUOLUMNE

614,743.29

YOLO

1,663,471.01

YUBA                               

1,027,480.63

TOTAL PAYMENTS

157,267,351.75

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 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 http://www.pge.com/about/newsroom/.

SOURCE Pacific Gas and Electric Company (PG&E)



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