# PG&E Corp

Summary updated: 2026-10-02T08:48:46.483861Z
Canonical: https://finbar.com/research/companies/pg-e

## Overview

PG&E Corporation is a California-based holding company whose principal operating subsidiary, Pacific Gas and Electric Company, is a regulated electric and natural gas utility. It generates revenue primarily by selling and delivering electricity and natural gas to customers in Northern and Central California. [1](https://app.finbar.com/go?id=P121659332)

PG&E serves more than 16 million people across approximately 70,000 square miles, with 5.6 million electric and 4.6 million gas customer accounts. The company reported 28,400 employees and $18.3 billion in operating revenues for 2025. [2](https://www.pgecorp.com/sustainability/corporate-sustainability/corporate_sustainability_report_2025/sustainability-2025/about_pge.html) [3](https://www.sec.gov/Archives/edgar/data/1004980/000100498026000024/a2025annualreportmaster.htm) PG&E describes its purpose as delivering for hometowns, serving the planet, and leading with love. [4](https://app.finbar.com/go?id=P115639973)
[1](https://app.finbar.com/go?id=P121659332)[4](https://app.finbar.com/go?id=P115639973)[2](https://www.pgecorp.com/sustainability/corporate-sustainability/corporate_sustainability_report_2025/sustainability-2025/about_pge.html)[3](https://www.sec.gov/Archives/edgar/data/1004980/000100498026000024/a2025annualreportmaster.htm)

## Products & services

PG&E’s core customer offerings are regulated electric and natural-gas service. Its customer programs also include Solar Choice, which lets eligible customers choose electricity matched to 50% or 100% renewable energy; solar and battery information and resources; energy-efficiency rebates and incentives; and Power Saver Rewards bill credits for temporarily reducing electricity use during periods of high demand. [5](https://www.pge.com/)[6](https://www.pge.com/en/clean-energy/solar/community-renewable-programs.html)[7](https://www.pge.com/en/save-energy-and-money/energy-saving-programs.html)[8](https://www.pge.com/en/account/billing-and-assistance/bill-inserts.html)

For electric vehicles, PG&E offers EV Power Ready, which supports design, installation, and maintenance of electrical infrastructure from its distribution system to the meter for separately metered business and multifamily charging; customers obtain and install the chargers. EV Fleet provides fleet-charging infrastructure support, while EV Advisory Services offers fleet-planning assistance. PG&E also undertakes utility safety and reliability measures including system hardening, undergrounding, Enhanced Powerline Safety Settings, Public Safety Power Shutoffs, and vegetation management. [9](https://www.pge.com/en/clean-energy/electric-vehicles/ev-power-ready-program.html)[10](https://www.pge.com/en/clean-energy/electric-vehicles/ev-fleet-program.html)[11](https://www.pge.com/en/clean-energy/electric-vehicles/ev-fleet-program/advisory-services-program.html)[12](https://www.pge.com/en/outages-and-safety/safety/community-wildfire-safety-program.html)

PG&E reports operating revenue by electric and natural-gas service, but does not separately disclose revenue for the named programs. In 2025, electric service accounted for $18.318 billion, or about 73.5%, and natural gas for $6.617 billion, or about 26.5%, of $24.935 billion in operating revenue. For the six months ended June 30, 2026, the corresponding figures were $9.355 billion (about 73.2%) for electric and $3.428 billion (about 26.8%) for natural gas, out of $12.783 billion. [13](https://app.finbar.com/go?id=T12575406)[14](https://app.finbar.com/go?id=T16272798)
[13](https://app.finbar.com/go?id=T12575406)[13](https://app.finbar.com/go?id=T12575406)[13](https://app.finbar.com/go?id=T12575406)[14](https://app.finbar.com/go?id=T16272798)[14](https://app.finbar.com/go?id=T16272798)[14](https://app.finbar.com/go?id=T16272798)[5](https://www.pge.com/)[6](https://www.pge.com/en/clean-energy/solar/community-renewable-programs.html)[7](https://www.pge.com/en/save-energy-and-money/energy-saving-programs.html)[8](https://www.pge.com/en/account/billing-and-assistance/bill-inserts.html)[9](https://www.pge.com/en/clean-energy/electric-vehicles/ev-power-ready-program.html)[10](https://www.pge.com/en/clean-energy/electric-vehicles/ev-fleet-program.html)[11](https://www.pge.com/en/clean-energy/electric-vehicles/ev-fleet-program/advisory-services-program.html)[12](https://www.pge.com/en/outages-and-safety/safety/community-wildfire-safety-program.html)

## Geographic presence

PG&E’s utility operations are concentrated in Northern and Central California, covering approximately 70,000 square miles. Its electric service extends into all or parts of 47 California counties, while natural-gas service extends into all or parts of 39 counties; coverage is not necessarily countywide. [1](https://app.finbar.com/go?id=P121659332)[15](https://app.finbar.com/go?id=P65418343)[16](https://www.pge.com/en/featured/pge-service-area.html) PG&E reports that its business activities are concentrated in this region, but does not provide regional or country revenue percentages in the cited filing. [1](https://app.finbar.com/go?id=P121659332)[17](https://app.finbar.com/go?id=P9879247)

The company’s principal executive office is at 300 Lakeside Drive, Oakland, California. [18](https://app.finbar.com/go?id=P114716083)[19](https://app.finbar.com/go?id=T3227889) The reviewed filings do not specify how employees are distributed geographically.
[1](https://app.finbar.com/go?id=P121659332)[15](https://app.finbar.com/go?id=P65418343)[17](https://app.finbar.com/go?id=P9879247)[18](https://app.finbar.com/go?id=P114716083)[19](https://app.finbar.com/go?id=T3227889)[16](https://www.pge.com/en/featured/pge-service-area.html)

## Business segments

PG&E Corporation and Pacific Gas and Electric Company are officially reported as one operating segment, with performance assessed and resources allocated on a consolidated basis. The Utility’s core activities include generating and delivering electricity and natural gas in Northern and Central California; these business lines are not reported as separate operating segments. [20](https://app.finbar.com/go?id=P72245900)[21](https://app.finbar.com/go?id=P65458493)[1](https://app.finbar.com/go?id=P121659332)

For the year ended December 31, 2025—the latest full-year reporting period available—electricity contributed approximately 73.5% of operating revenues ($18.318 billion) and natural gas approximately 26.5% ($6.617 billion), out of $24.935 billion total. These are revenue-mix estimates, not officially reported segment contribution percentages. [13](https://app.finbar.com/go?id=T12575406)[13](https://app.finbar.com/go?id=T12575406)[13](https://app.finbar.com/go?id=T12575406)
[20](https://app.finbar.com/go?id=P72245900)[21](https://app.finbar.com/go?id=P65458493)[1](https://app.finbar.com/go?id=P121659332)[13](https://app.finbar.com/go?id=T12575406)[13](https://app.finbar.com/go?id=T12575406)[13](https://app.finbar.com/go?id=T12575406)

## Company history

PG&E’s roots trace to the San Francisco Gas Company, founded in 1852, and the California Electric Light Company, which began supplying electric light in 1879. Pacific Gas and Electric Company was incorporated in 1905 through the consolidation of San Francisco Gas and Electric Company and California Gas and Electric Corporation. The utility expanded through acquisitions, including Great Western Power in 1930; in 1923, its Pit 1 powerhouse began transmitting hydroelectric power to Vacaville over a 202-mile, 220-kilovolt line. [22](https://archive.org/details/pgeofcaliforniac00cole) [23](https://laborculture.org/landmarks/Power_House_Booklet_003_2018.pdf) [24](https://ohp.parks.ca.gov/pages/1067/files/CA_Multiple_PGE%20Historic%20Era%20Electrical%20Infrastructure%20MPDF%20DRAFT.pdf) [25](https://www.pge.com/en/newsroom/currents/future-of-energy/articles-3725-celebrating-century-delivering-hydroelectric-power-bay-area.html) [26](https://www.pge.com/assets/pge/transcripts/stairway-of-power.pdf)

Diablo Canyon Unit 1 entered commercial operation in 1985. PG&E Corporation became the utility’s holding company in 1997. Pacific Gas and Electric Company filed for Chapter 11 bankruptcy in 2001 and emerged in 2004. In 2010, a natural-gas pipeline rupture in San Bruno caused an explosion and fire. Following the 2018 Camp Fire, PG&E Corporation and Pacific Gas and Electric Company filed for Chapter 11 in 2019; they emerged from bankruptcy in 2020. [27](https://www.pge.com/en/about/pge-systems/nuclear-power.html) [28](https://investor.pgecorp.com/shareholders/Dividend-History/default.aspx) [29](https://investor.pgecorp.com/news-events/press-releases/press-release-details/2001/Pacific-Gas-and-Electric-Company-Files-For-Chapter-11-Reorganization/default.aspx) [30](https://investor.pgecorp.com/news-events/press-releases/press-release-details/2004/Pacific-Gas-and-Electric-Company-Emerges-From-Chapter-11/default.aspx) [31](https://www.cpuc.ca.gov/regulatory-services/safety/gas-safety-and-reliability-branch/san-bruno-incident) [32](https://www.fire.ca.gov/incidents/2018/11/8/camp-fire/) [33](https://investor.pgecorp.com/news-events/press-releases/press-release-details/2019/PGE-Files-for-Reorganization-Under-Chapter-11/default.aspx) [34](https://investor.pgecorp.com/news-events/press-releases/press-release-details/2020/PGE-Emerges-from-Chapter-11/default.aspx)
[22](https://archive.org/details/pgeofcaliforniac00cole)[23](https://laborculture.org/landmarks/Power_House_Booklet_003_2018.pdf)[24](https://ohp.parks.ca.gov/pages/1067/files/CA_Multiple_PGE%20Historic%20Era%20Electrical%20Infrastructure%20MPDF%20DRAFT.pdf)[25](https://www.pge.com/en/newsroom/currents/future-of-energy/articles-3725-celebrating-century-delivering-hydroelectric-power-bay-area.html)[26](https://www.pge.com/assets/pge/transcripts/stairway-of-power.pdf)[27](https://www.pge.com/en/about/pge-systems/nuclear-power.html)[28](https://investor.pgecorp.com/shareholders/Dividend-History/default.aspx)[29](https://investor.pgecorp.com/news-events/press-releases/press-release-details/2001/Pacific-Gas-and-Electric-Company-Files-For-Chapter-11-Reorganization/default.aspx)[30](https://investor.pgecorp.com/news-events/press-releases/press-release-details/2004/Pacific-Gas-and-Electric-Company-Emerges-From-Chapter-11/default.aspx)[31](https://www.cpuc.ca.gov/regulatory-services/safety/gas-safety-and-reliability-branch/san-bruno-incident)[32](https://www.fire.ca.gov/incidents/2018/11/8/camp-fire/)[33](https://investor.pgecorp.com/news-events/press-releases/press-release-details/2019/PGE-Files-for-Reorganization-Under-Chapter-11/default.aspx)[34](https://investor.pgecorp.com/news-events/press-releases/press-release-details/2020/PGE-Emerges-from-Chapter-11/default.aspx)[22](https://archive.org/details/pgeofcaliforniac00cole)[23](https://laborculture.org/landmarks/Power_House_Booklet_003_2018.pdf)[24](https://ohp.parks.ca.gov/pages/1067/files/CA_Multiple_PGE%20Historic%20Era%20Electrical%20Infrastructure%20MPDF%20DRAFT.pdf)[25](https://www.pge.com/en/newsroom/currents/future-of-energy/articles-3725-celebrating-century-delivering-hydroelectric-power-bay-area.html)[26](https://www.pge.com/assets/pge/transcripts/stairway-of-power.pdf)[27](https://www.pge.com/en/about/pge-systems/nuclear-power.html)[28](https://investor.pgecorp.com/shareholders/Dividend-History/default.aspx)[29](https://investor.pgecorp.com/news-events/press-releases/press-release-details/2001/Pacific-Gas-and-Electric-Company-Files-For-Chapter-11-Reorganization/default.aspx)[30](https://investor.pgecorp.com/news-events/press-releases/press-release-details/2004/Pacific-Gas-and-Electric-Company-Emerges-From-Chapter-11/default.aspx)[31](https://www.cpuc.ca.gov/regulatory-services/safety/gas-safety-and-reliability-branch/san-bruno-incident)[32](https://www.fire.ca.gov/incidents/2018/11/8/camp-fire/)[33](https://investor.pgecorp.com/news-events/press-releases/press-release-details/2019/PGE-Files-for-Reorganization-Under-Chapter-11/default.aspx)[34](https://investor.pgecorp.com/news-events/press-releases/press-release-details/2020/PGE-Emerges-from-Chapter-11/default.aspx)

## Sources

1. [PG&E Corp — Full financial report (2025 Y)](https://app.finbar.com/go?id=P121659332)
2. [www.pgecorp.com](https://www.pgecorp.com/sustainability/corporate-sustainability/corporate_sustainability_report_2025/sustainability-2025/about_pge.html)
3. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1004980/000100498026000024/a2025annualreportmaster.htm)
4. [PG&E Corp — Full financial report (2025 Y)](https://app.finbar.com/go?id=P115639973)
5. [www.pge.com](https://www.pge.com/)
6. [www.pge.com](https://www.pge.com/en/clean-energy/solar/community-renewable-programs.html)
7. [www.pge.com](https://www.pge.com/en/save-energy-and-money/energy-saving-programs.html)
8. [www.pge.com](https://www.pge.com/en/account/billing-and-assistance/bill-inserts.html)
9. [www.pge.com](https://www.pge.com/en/clean-energy/electric-vehicles/ev-power-ready-program.html)
10. [www.pge.com](https://www.pge.com/en/clean-energy/electric-vehicles/ev-fleet-program.html)
11. [www.pge.com](https://www.pge.com/en/clean-energy/electric-vehicles/ev-fleet-program/advisory-services-program.html)
12. [www.pge.com](https://www.pge.com/en/outages-and-safety/safety/community-wildfire-safety-program.html)
13. [PG&E Corp — Press release (2025 Y)](https://app.finbar.com/go?id=T12575406)
14. [PG&E Corp — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=T16272798)
15. [PG&E Corp — Full financial report (2025 Y)](https://app.finbar.com/go?id=P65418343)
16. [www.pge.com](https://www.pge.com/en/featured/pge-service-area.html)
17. [PG&E Corp — Full financial report (2025 Y)](https://app.finbar.com/go?id=P9879247)
18. [PG&E Corp — Full financial report (2025 Y)](https://app.finbar.com/go?id=P114716083)
19. [PG&E Corp — Full financial report (2025 Y)](https://app.finbar.com/go?id=T3227889)
20. [PG&E Corp — Full financial report (2025 Y)](https://app.finbar.com/go?id=P72245900)
21. [PG&E Corp — Full financial report (2025 Y)](https://app.finbar.com/go?id=P65458493)
22. [archive.org](https://archive.org/details/pgeofcaliforniac00cole)
23. [laborculture.org](https://laborculture.org/landmarks/Power_House_Booklet_003_2018.pdf)
24. [ohp.parks.ca.gov](https://ohp.parks.ca.gov/pages/1067/files/CA_Multiple_PGE%20Historic%20Era%20Electrical%20Infrastructure%20MPDF%20DRAFT.pdf)
25. [www.pge.com](https://www.pge.com/en/newsroom/currents/future-of-energy/articles-3725-celebrating-century-delivering-hydroelectric-power-bay-area.html)
26. [www.pge.com](https://www.pge.com/assets/pge/transcripts/stairway-of-power.pdf)
27. [www.pge.com](https://www.pge.com/en/about/pge-systems/nuclear-power.html)
28. [investor.pgecorp.com](https://investor.pgecorp.com/shareholders/Dividend-History/default.aspx)
29. [investor.pgecorp.com](https://investor.pgecorp.com/news-events/press-releases/press-release-details/2001/Pacific-Gas-and-Electric-Company-Files-For-Chapter-11-Reorganization/default.aspx)
30. [investor.pgecorp.com](https://investor.pgecorp.com/news-events/press-releases/press-release-details/2004/Pacific-Gas-and-Electric-Company-Emerges-From-Chapter-11/default.aspx)
31. [www.cpuc.ca.gov](https://www.cpuc.ca.gov/regulatory-services/safety/gas-safety-and-reliability-branch/san-bruno-incident)
32. [www.fire.ca.gov](https://www.fire.ca.gov/incidents/2018/11/8/camp-fire/)
33. [investor.pgecorp.com](https://investor.pgecorp.com/news-events/press-releases/press-release-details/2019/PGE-Files-for-Reorganization-Under-Chapter-11/default.aspx)
34. [investor.pgecorp.com](https://investor.pgecorp.com/news-events/press-releases/press-release-details/2020/PGE-Emerges-from-Chapter-11/default.aspx)

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