Company Overview of Pacific Gas and Electric Company
Pacific Gas and Electric Company, a regulated utility, transmits, delivers, and sells electricity and natural gas to customers primarily in northern and central California. It provides services to approximately 15 million people. The company operates 141,215 circuit miles of electric distribution lines and 18,616 circuit miles of interconnected transmission lines; and 42,141 miles of natural gas distribution pipelines and 6,438 miles of transportation pipelines. Pacific Gas and Electric Company, through its subsidiaries, is also involved in the generation, procurement, transmission, and distribution of electricity; and procurement, transmission, and storage of natural gas. It operates genera...
77 Beale Street
PO Box 770000
San Francisco, CA 94177
Founded in 1997
Key Executives for Pacific Gas and Electric Company
Senior Vice President of Financial Services
Chief Nuclear Officer and Senior Vice President
Compensation as of Fiscal Year 2013.
Pacific Gas and Electric Company Key Developments
The Pacific Gas and Electric Company Elects Gregg Lemler as Vice President of Electric Transmission Operations, Effective December 1, 2013
Dec 3 13
The Pacific Gas and Electric Company board of directors announced the election of Gregg Lemler as Vice President of Electric Transmission Operations, effective December 1, 2013. Lemler is responsible for overseeing the safe, reliable, and efficient operation of its electric transmission system and its substations, and will report to Executive Vice President of Electric Operations Geisha Williams. Most recently, Lemler served as senior director of the Transmission System Operations organization. In this role, he has overseen the safe, reliable and compliant operation of the company's electric transmission grid.
Pacific Gas and Electric Company Announces Executive Changes
Sep 20 13
Pacific Gas and Electric Company (PG&E) announced that its Board of Directors appointed Barry Anderson as Vice President of Emergency Preparedness and Response, Patrick Hogan as Vice President of Electric Operations Asset Management and Mallik Angalakudati as Vice President of Financial and Resource Management in Gas Operations. Anderson has served as interim vice president of a new emergency preparedness and response organization that PG&E created on March 15. He will oversee PG&E's company-wide emergency management initiatives including logistics support, communications, alignment with local governments, and resource and damage modeling. This new organization is reflective of PG&E's commitment to implementing industry best practices so that the company can respond quickly and effectively to emergencies and natural disasters. As Vice President of Electric Operations Asset Management, Hogan will be responsible for all aspects of PG&E's asset investment and reliability strategies, including the implementation of industry best practices in controls, systems and standards. Hogan comes to PG&E from British Columbia Hydro where he served as vice president of engineering and design for electric transmission and distribution systems. As Vice President of Financial and Resource Management in Gas Operations, Angalakudati will oversee contractor and workforce planning, process improvement and quality assurance and control. Angalakudati most recently led the retail revenue process at National Grid and held leadership roles in gas operations at major utilities and consulting firms.
Pacific Gas and Electric Company Agrees to Settle the Claims
Sep 9 13
On September 6, 2013 and September 9, 2013, Pacific Gas and Electric Company agreed to settle the claims of substantially all of the remaining plaintiffs who sought compensation for personal injury and property damage, and other relief, including punitive damages, following the rupture of one of the Utility’s natural gas transmission pipelines in San Bruno, California on September 9, 2010. Approximately 160 lawsuits on behalf of approximately 500 plaintiffs had been filed against the Utility. At June 30, 2013, the Utility had recorded cumulative charges of $455 million for third-party claims for personal injury, property damage, and damage to infrastructure related to the San Bruno accident. Of this amount, the Utility had made cumulative payments of $388 million for settlements through June 30, 2013. Also, at June 30, 2013, the Utility estimated that it was reasonably possible it would incur as much as an additional $145 million for unresolved claims, for a total possible loss of $600 million. During the quarter ended September 30, 2013, the Utility expects to record a charge of approximately $110 million in addition to the cumulative charges of $455 million to reflect the settlements reached on September 6, 2013 and September 9, 2013 and the Utility’s estimated liability for remaining third-party claims for personal injury, property damage, and damage to infrastructure, including claims by government entities.
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