Pacific Gas and Electric Company
PG&E is a regulated investor-owned electric and natural gas utility serving approximately 16 million customers across Northern and Central California, operating as a subsidiary of publicly traded PG&E Corporation (NYSE: PCG).
- Company typePublic
- Founded1905
- HeadquartersSan Francisco, United States
- Headcount5,001–10,000
- GTM typeB2C
- OfferingServices
What Pacific Gas and Electric Company does
Pacific Gas and Electric Company (PG&E) is a regulated investor-owned utility providing electricity and natural gas services to approximately 16 million customers across Northern and Central California, operating under publicly traded parent PG&E Corporation (NYSE: PCG). The utility is headquartered in San Francisco with corporate parent offices in Oakland and serves a 70,000-square-mile service territory. Core infrastructure includes 5.5 million smart meters, more than 800 miles of undergrounded powerlines, the Diablo Canyon nuclear power plant (supplying an estimated 17-20% of California's clean energy), and the largest customer-sited solar interconnection base in the United States at more than one million interconnected customers.
PG&E's operational technology stack has shifted materially toward data-driven grid management. The Continuous Monitoring Center applies machine learning to smart meter telemetry, distribution sensors, and weather data to predict wildfire ignition risk and shorten outage duration, with the company reporting 17 ignitions prevented and 12 million minutes of outage time avoided. Additional technology investments include vehicle-to-grid (V2X) pilots with Tesla and GM, the 535 MW Sunrun virtual power plant, the 300 MW Arevon Nighthawk battery project, and consumer-facing products such as PowerHouse and a Clean Energy Calculator. Federal commitments include approximately $15 billion in loan financing for grid modernization and a $1.1 billion DOE nuclear production credit tied to Diablo Canyon.
The business operates under a cost-of-service regulatory model administered by the California Public Utilities Commission, with revenue recovered through bundled electric and natural gas rates across residential, commercial, and industrial customer classes and an authorized return on rate base. The company has emerged from two prior bankruptcies (2001 and 2019) and carries approximately $44 billion in outstanding debt; Moody's has upgraded the outlook to positive. Forward revenue is supported by data center demand projected at roughly 10 GW over the next decade, expansion of distributed energy resources, and continued undergrounding and grid hardening capex funded in part by federal loans.
Pacific Gas and Electric Company firmographics
Firmographics- Name
- Pacific Gas and Electric Company
- Legal name
- Pacific Gas and Electric Company
- Website
- https://pge.com
- Company type
- Public
- Founded year
- 1905
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- PG&E is a regulated investor-owned electric and natural gas utility serving approximately 16 million customers across Northern and Central California, operating as a subsidiary of publicly traded PG&E Corporation (NYSE: PCG).
- Ownership category
- akta.pro rank
Pacific Gas and Electric Company industry classification
Industry- Product category
- Electric and Natural Gas Utility Distribution
- NAICS
- Natural Gas Distribution (22121), Natural Gas Distribution (2212)
- SIC
- Natural Gas Distribution (4924), Gas & Other Services Combined (4932)
- akta.pro primary industry
- Local Distribution Company (LDC) Natural Gas Distribution Utilities (TLAGADAA)
- akta.pro secondary industries
- Residential Natural Gas Sales & Customer Growth (EUAAADAD), Commercial & Industrial (C&I) Natural Gas Sales (EUAAADAC), C&I Retail Natural Gas Supply (EUAGACAB), Service Line Maintenance & Repair (Customer Laterals) (EUAJAMAC)
Keywords
Where Pacific Gas and Electric Company is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Pacific Gas and Electric Company business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Technology or R&D, Personnel, Supply Chain, Others
Revenue model
- Electric Distribution Services: PG&E generates revenue through regulated electricity distribution to approximately 16 million customers in Northern and Central California. Revenue is approved by the California Public Utilities Commission (CPUC) based on authorized rates of return on invested capital. This includes transmission and distribution infrastructure maintenance and operations.
- Natural Gas Distribution Services: Natural gas distribution services to residential, commercial, and industrial customers across the service territory. Revenue is regulated by CPUC.
- Grid Modernization and Infrastructure Investment: Federal loan commitments for grid modernization projects including $15 billion in loan commitments from Biden administration for infrastructure upgrades, climate adaptation, and renewable energy integration supporting data centers and EV charging networks.
- Diablo Canyon Nuclear Power Plant: PG&E receives DOE Civil Nuclear Credit Program support of $1.1 billion to continue operations at Diablo Canyon Power Plant, which provides about 17-20% of California's clean energy to approximately 4 million residents.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Residential Bundled Electric Service - Standard rate for customers receiving all electricity supply and delivery from PG&E |
| Subscription | Monthly | Match My Payment Program - Dollar-for-dollar matching for past-due bills |
| Subscription | Monthly | REACH (Relief for Energy Assistance through Community Help) Program |
| Outcome Based/ Performance | Pay-as-you-go | Vehicle-to-Everything (V2X) Pilot Program Incentives |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels6 records
Pacific Gas and Electric Company product offering
Product offeringCore offering
Pacific Gas and Electric Company is a regulated investor-owned utility that delivers electricity and natural gas distribution services to approximately 16 million customers across Northern and Central California. The company operates high-voltage transmission and distribution infrastructure, natural gas pipelines, and 5.5 million smart meters, while increasingly layering in clean energy programs (solar interconnection, battery storage rebates), virtual power plant aggregation, bidirectional EV charging pilots, AI-driven wildfire monitoring, and customer bill assistance programs such as CARE, FERA, and Medical Baseline.
Product overview
Pacific Gas and Electric Company (PG&E) provides electricity and natural gas services to approximately 16 million customers across Northern and Central California. The company's product portfolio centers on its core SmartMeter infrastructure, supplemented by rate plans (Budget Billing, SmartRate, Time-of-Use), financial assistance programs (CARE, FERA, Medical Baseline, Match My Payment, REACH), and clean energy offerings (solar interconnection, battery storage rebates, virtual power plant programs). PG&E has launched innovative pilot programs including Vehicle-to-Everything (V2X) for bidirectional EV integration, the Continuous Monitoring Center for wildfire prevention using machine learning, and the PowerHouse demonstration home for home electrification. The company's demand response and virtual power plant programs aggregate over 1 million customer solar systems—more than any U.S. utility—into grid resources capable of delivering hundreds of megawatts during peak demand events.
Differentiator
Problem solved
Functional benefit
Products and services
- Electricity Distribution Service
- Natural Gas Distribution Service
- CARE (California Alternate Rates for Energy) Program
- FERA (Family Electric Rate Assistance Program)
- Medical Baseline Program
- REACH (Relief for Energy Assistance through Community Help)
- Match My Payment Program
- Virtual Power Plant (VPP) Program
- Vehicle-to-Everything (V2X) Pilot Program
- Self-Generation Incentive Program (SGIP)
- Net Energy Metering (NEM)
- Clean Energy Calculator
- EV Charge Manager Program
Quantifiable outcome
- Continuous Monitoring Center prevented 17 potential wildfire ignitions and avoided 12 million minutes of unplanned outages in 2025
- +6 more outcomes
Companies that use Pacific Gas and Electric Company
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles4 records
Pacific Gas and Electric Company technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration9 records
AI capability5 records
Feature4 records
Pacific Gas and Electric Company partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core.
- General MotorscorePartnership to integrate 250,000+ GM bidirectional EVs into the electrical grid through vehicle-to-grid technology. Projections indicate 52,000-130,000 GM EVs will provide grid-balancing services in Northern California by 2030. PG&E and GM testing grid-balancing capabilities with EVs capable of powering homes and eventually selling energy back to the grid.
- TechnosylvacoreWildfire and extreme weather technology company whose Campus 2.0 learning platform serves utility risk managers, grid operators, and fire agency professionals. PG&E deploys Technosylva's wildfire risk modeling system alongside other major utilities including San Diego Gas & Electric, CAL FIRE, Puget Sound Energy, and Idaho Power.
- California Fire FoundationcoreNine-year partnership providing Wildfire Safety and Preparedness Program grants. 2026 program offers $1 million in direct grant awards with total support of $1.8 million from PG&E and PG&E Foundation. Since 2018, program has awarded 431 grants totaling $12.25 million to fire departments and community organizations in high fire-risk areas.
- TeslacoreTesla Cybertruck and Powershare products approved for PG&E's residential V2X pilot program - marking the first alternating current (AC) vehicle-to-grid application approved for customers in California. Enrolled Cybertruck owners can power homes during outages and earn money selling power back to the grid during grid events. AC-based approach eliminates need for specialized DC charging equipment.
- Arevon EnergycoreNighthawk Energy Storage Project - 300 MW/1,200 MWh battery storage facility providing resource adequacy capacity to PG&E under long-term contract. Project utilizes Tesla Megapack 2XL batteries and can supply electricity to up to 385,000 homes for four hours during peak demand. $920 million financing secured including Goldman Sachs investment.
- SunruncoreStrategic partnership to aggregate over 1,000 customer solar and battery systems into virtual power plants for grid services. First season (July-October 2025) demonstrated 99% dispatch accuracy with batteries dispatched more than 50 times to address local grid constraints. Partnership expanded from 600 to over 1,000 enrolled customers. Sunrun customers receive $150 per battery for sharing stored solar energy with the grid.
- ABB E-mobilitycorePartnership since 2024 to build large-scale fleet charging infrastructure for PG&E's fleet electrification program targeting approximately 3,800 electric vehicles by 2030 and nearly 10,000 by the 2040s. Partnership addresses energy management and grid capacity challenges as fleet electrification scales.
Scale indicators15 records
Recent moves6 records
Expansion highlights5 records
Pacific Gas and Electric Company competitors and assessment
Company assessmentBroad incumbents
- Dominion Energy: Mid-Atlantic US IOU with regulated electric and natural gas distribution. Comparable business mix (electric + gas LDC), regulatory exposure, and large-scale grid modernization programs.
- NextEra Energy: The largest US utility by market cap, with regulated FPL operations and the world's largest renewables generator (NextEra Energy Resources). Comparable on scale, rate-base growth, and clean-energy positioning, though much more diversified.
- Consolidated Edison: New York-based regulated electric, gas, and steam utility serving NYC and Westchester. Comparable urban/suburban IOU profile, large customer base, and exposure to state-level rate regulation and clean-energy mandates.
- Southern Company: Large US IOU serving ~9M customers across Georgia, Alabama, and Mississippi. Comparable in regulated utility business model, large nuclear/fossil baseload mix, and capital-intensive grid investment cycle.
- Duke Energy: One of the largest US investor-owned utilities, serving ~8M customers across the Carolinas, Florida, Ohio, Indiana, and Kentucky. Comparable in regulated electric generation/transmission/distribution scale and grid-modernization capex profile, with greater geographic diversification.
- Xcel Energy: Multi-state US IOU with regulated electric and gas operations across 8 Western/Midwestern states. Comparable on combined electric+gas utility model, renewables leadership, and grid-modernization investment.
- Edison International (parent of SCE): Public holding company for Southern California Edison, the most direct US comparables to PG&E Corporation. Same regulatory jurisdiction (CPUC), same wildfire liability profile, and similar capital structure / debt load.
Regional players
- DTE Energy: Michigan-based regulated electric and gas utility. Comparable in combined electric+gas utility operations and DER/V2G partnerships (DTE is GM's other announced V2G partner alongside PG&E).
Direct peers
- San Diego Gas & Electric: SDG&E is a CPUC-regulated combined electric and gas utility serving Southern California, including San Diego. Direct peer in regulatory environment, wildfire mitigation (also deploys Technosylva), and DER integration.
- Southern California Edison: SCE is the other major California investor-owned electric utility, also serving millions of customers under CPUC regulation and facing similar wildfire liability, electrification, and grid-modernization dynamics. Direct geographic and regulatory overlap with PG&E.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Pacific Gas and Electric Company compliance and trust
Trust signalCompliance1 record
Pacific Gas and Electric Company financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pacific Gas and Electric Company leadership team
Management profileNumber of profiles
Profiles1 record
Pacific Gas and Electric Company funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pacific Gas and Electric Company M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Pacific Gas and Electric Company
What does Pacific Gas and Electric Company do?
Pacific Gas and Electric Company is a regulated investor-owned utility that delivers electricity and natural gas distribution services to approximately 16 million customers across Northern and Central California. The company operates high-voltage transmission and distribution infrastructure, natural gas pipelines, and 5.5 million smart meters, while increasingly layering in clean energy programs (solar interconnection, battery storage rebates), virtual power plant aggregation, bidirectional EV charging pilots, AI-driven wildfire monitoring, and customer bill assistance programs such as CARE, FERA, and Medical Baseline.
Is Pacific Gas and Electric Company a public or private company?
Pacific Gas and Electric Company is a public company. It is classified as public and is currently operating.
When was Pacific Gas and Electric Company founded?
Pacific Gas and Electric Company was founded in 1905. It employs 5,001 to 10,000 people.
Where is Pacific Gas and Electric Company based?
Pacific Gas and Electric Company is headquartered in San Francisco, United States, in the North America region.
How does Pacific Gas and Electric Company make money?
Four revenue lines are on record. Electric Distribution Services are the primary driver. The others are natural Gas Distribution Services, grid Modernization and Infrastructure Investment and diablo Canyon Nuclear Power Plant.
Who are Pacific Gas and Electric Company's main competitors?
Broad incumbents on record are Dominion Energy, NextEra Energy, Consolidated Edison, Southern Company, Duke Energy, Xcel Energy and Edison International (parent of SCE). DTE Energy is listed as a regional player. Direct peers are San Diego Gas & Electric and Southern California Edison.
Does Pacific Gas and Electric Company have an API?
No public API is recorded for Pacific Gas and Electric Company.
What industry is Pacific Gas and Electric Company in?
Pacific Gas and Electric Company's product category is Electric and Natural Gas Utility Distribution. Its primary akta.pro industry code is TLAGADAA, Local Distribution Company (LDC) Natural Gas Distribution Utilities, with a secondary code of EUAAADAD, Residential Natural Gas Sales & Customer Growth. Its NAICS code is 22121 and its SIC code is 4924.