PG&E Corporation

PG&E Corporation

PG&E Corporation is well on the way to fully recharging its batteries after losing power and declaring bankruptcy following California's energy crisis and the ensuing collapse of the wholesale energy trading industry. Its venerable Pacific Gas and Electric utility serves approximately 5.1 million electric customers and 4.3 million natural gas customers in California. The utility (founded in 1905) is also engaged in electricity generation; procurement and transmission; and natural gas procurement, transportation, and storage. In September 2010 a PG&E utility gas transmission line ruptured in San Bruno, causing a major fire, loss of life, and destruction of, or damage to, about 170 homes.

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