PG&E Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company’s total operating revenues were $3,672 million compared to $3,641 million a year ago. Operating income was $502 million compared to $487 million a year ago. Income before income taxes were $356 million compared to $340 million a year ago. Net income was $242 million compared to $236 million a year ago. Income Available for Common Shareholders was $239 million compared to $233 million a year ago. Basic and diluted net earnings per common share were $0.55 compared to $0.56 a year ago. The company earnings on a gaap basis was $239 million compared to $233 million a year ago. EPS from Operations was $0.63 compared to $0.89 a year ago. On a non-GAAP basis, excluding items impacting comparability, PG&E Corporation’s earnings from operations in the first quarter of 2013 were $276 million, or $0.63 per share. During the same period in 2012, earnings from operations were $372 million, or $0.89 per share. The company provided earnings guidance for the year 2013. For the year, the company’s guidance range for non-GAAP earnings from operations of $2.55 to $2.75 per share. On a GAAP basis, including the estimated amounts for the items impacting comparability for 2013, the range for projected earnings is also unchanged at $1.66 to $2.22 per share.

PG&E Corp. will locate its gas operations center in San Ramon, where it already has other operations. When that opens, PG&E will have about 1,600 employees in the city's Bishop Ranch office center. General Electric intends to staff a software research center in San Ramon, also in Bishop Ranch, with 400 or more employees.

PG&E Corp. announced that they will report Q1, 2013 results at 8:00 PM, GMT Standard Time on May 02, 2013