PG&E
PG&E Corporation is a major energy holding company that operates primarily through its subsidiary, Pacific Gas and Electric Company, a regulated public utility. The company provides natural gas and electric service to approximately 16 million people throughout a 70,000-square-mile service area in Northern and Central California. Its core value proposition centers on delivering safe, reliable, and increasingly decarbonized energy while navigating a complex regulatory environment and significant climate-driven operational risks.
Financials
Based on Q1 2026 filing
Revenue
View metricGross Profit
View metricNet Income
View metricOperating Cash Flow
View metricFree Cash Flow
View metricEPS (Diluted)
View metricBusiness Segments
Electric Utility Operations
primaryThis segment involves the generation, transmission, and distribution of electricity to residential, commercial, industrial, and agricultural customers. It utilizes a diverse power mix including nuclear, hydroelectric, fossil fuel, and renewable sources, while managing extensive grid infrastructure and energy storage systems.
Electricity Generation, Electric Transmission Services, Electric Distribution Services, Battery Energy Storage, Bundled Electric Service
Residential, Commercial, Industrial, Agricultural, Public Street and Highway Lighting
Natural Gas Utility Operations
majorThe company provides natural gas transportation and storage services to core and non-core customers through an integrated system of backbone and local transmission pipelines. It also offers gas procurement services, primarily to residential and small commercial customers, sourcing gas from major basins across North America.
Natural Gas Transportation, Natural Gas Storage, Bundled Natural Gas Service, Core Transport Agent Services
Residential, Small Commercial, Industrial, Large Commercial, Natural Gas-Fired Electric Generation Facilities
Segment Financials
Electric — Contract Volume
View metricDiablo Canyon — Number of generation facilities
View metricElectric — Regulatory balancing accounts
View metricNatural Gas — Contract Volume
View metricNatural Gas, US Regulated — Regulatory balancing accounts
View metricBusiness Overview
Competitive Position
The company is a dominant regulated utility in Northern and Central California, operating as a natural monopoly in its service territory while facing increasing competition from Community Choice Aggregators and distributed energy resources.
Geographies
California, United States
Customer Segments
B2C, B2B, Governmental
Upstream Dependencies
Natural gas producers and marketers, Renewable energy developers, Nuclear fuel suppliers, Electrical equipment manufacturers, Vegetation management contractors
Downstream Customers
Residential households, Commercial enterprises, Industrial manufacturing plants, Agricultural operations, Wholesale electricity market (CAISO)
Competitors & Partners
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Partners
California Independent System Operator Corporation
Regional transmission organization that controls the operation of the electric transmission system
Subsidiaries
Pacific Gas and Electric Company
Primary operating utility subsidiary providing electric and gas services
PG&E FAQ
Common questions about PG&E
PG&E Corporation is a major energy holding company that operates primarily through its subsidiary, Pacific Gas and Electric Company, a regulated public utility. The company provides natural gas and electric service to approximately 16 million people throughout a 70,000-square-mile service area in Northern and Central California. Its core value proposition centers on delivering safe, reliable, and increasingly decarbonized energy while navigating a complex regulatory environment and significant climate-driven operational risks.
PG&E (PCG) has a market capitalization of $37.0B and trades on NYSE.
PG&E generated $25.8B in trailing twelve-month revenue with net income of $3.0B, representing a net margin of 11.4%, with free cash flow of -$4.2B. These figures are based on the Q1 2026 filing.
PG&E's key competitors include San Diego Gas & Electric Company, Public Service Enterprise Group Incorporated, Xcel Energy, Inc., and others. These companies compete in similar markets and product categories.
PG&E has approximately 28,000 employees.