Abstract
PG&E Corp. is the holding firm for Pacific Gasoline & Electrical Co., an investor-owned utility. The utility offers electrical energy to five.5 million accounts and pure gasoline to 4.5 million accounts in northern and central California. Electrical energy accounted for about 71% of 2023 revenues. The corporate’s buyer base is weighted towards residential and small enterprise prospects. In 2023, 43% of GWh gross sales was from residential prospects, and 37% was from smaller industrial prospects. About 80% of 2023 bundled gasoline gross sales was from residential prospects. PG&E can also be a big operator of underground pure gasoline storage fields in California.
As of the top of 2023, the utility had 26 GWh of producing capability with an owned technology gasoline combine together with 25% from pure gasoline, 15% hydropower, 2% renewable, and 58% nuclear. Bought energy is 35% renewably sourced. The corporate had deliberate to close down the Diablo Canyon nuclear plant by 2025 as administration stated that it couldn’t a