PG&E Corp.

Overview

Date Founded

1995

Headquarters

77 Beale Street,San Francisco, CA 94177

Type of Company

Public

Employees (Worldwide)

23K

Industries

Power & Utilities
Other Business & Consulting Services
Oil & Gas

Company Description

PG&E Corp. is a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. It specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in San Francisco, CA.

Website

http://www.pgecorp.com

Contact Data

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In The News

SEC

February 25, 2021

PG&E Corp. filed form 10-K

RelSci

January 4, 2021

Patricia K. Poppe is now serving in a new board position at PG&E Corp.

RelSci

January 4, 2021

Patricia K. Poppe is now serving in a new position at PG&E Corp.

SNL Energy Finance Daily

December 31, 2020

PG&E appoints interim president

Business Wire

December 22, 2020

With Many Still Sheltering, Working and Schooling at Home During the Pandemic, PG&E Reminds Customers of the Risks of Carbon Monoxide

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Executives & Employees

Patricia K. Poppe

Chief Executive Officer & Director

John R. Simon

Interim Chief Executive Officer

Sumeet Singh

Interim President & Chief Risk Officer of Utility

Chris Foster

Vice President & Interim Chief Financial Officer

Julie M. Kane

Senior Vice President, Chief Ethics & Compliance Officer & Deputy General Counsel, Pacific Gas & Electric Company

Brian M. Wong

Vice President, Deputy General Counsel & Corporate Secretary

Ajay Waghray

Senior Vice President & Chief Information Officer

James Mesterharm

Chief Restructuring Officer

Stephen J. Cairns

Chief Audit Officer

David S. Thomason

Vice President, Chief Financial Officer & Controller, Pacific Gas & Electric Company

Board of Directors

Robert C. Flexon

Former President & Chief Executive Officer at Duke Energy Conesville, Llc

Patricia K. Poppe

Chief Executive Officer & Director at PG&E Corp.

Benjamin F. Wilson

Chairman at Beveridge & Diamond PC

Mark E. Ferguson III

Former Vice Chief-Naval Operations at United States Navy

John M. Woolard

Chief Operating Partner at Element Management LP

William L. Smith

President, Network Operations at AT&T, Inc.

Arno Lockheart Harris

Chief Executive Officer at Recurrent Energy Development Holdings LLC

Andrew Martin Vesey

Former Chief Executive Officer & Managing Director at CitiPower I Pty Ltd.

Rajat Bahri

Chief Financial Officer at ContextLogic, Inc.

Cheryl Campbell

Former Executive Director at Gold Shovel Standard

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PG&E Corp.

Owners & Shareholders

Details Hidden

Blackstone Corporate Private Equity

Blackstone Corporate Private Equity invests in growth-oriented companies located across the globe. The firm targets companies operating in the fields of broad range of sectors. It provides financing for buyout and growth capital requirements.

Details Hidden

Third Point LLC

Third Point employs an event-driven, value-oriented strategy that spans a broad range of industries, geographies and asset classes. The firm identifies opportunities using a combination of top-down asset allocation decisions and a bottom-up, value-oriented approach to single security analysis. They make investments globally, in both developed and emerging markets, in all sectors, and in equity, credit, commodity, currency, options and other instruments. Third Point prefers event-driven situations, in which they believe that a catalyst, either intrinsic or extrinsic, will unlock value or alter conditions through which the greater market values a particular investment.

Details Hidden

Sixth Street Advisers LLC

Sixth Street Advisers conducts its investment activities primarily through its Opportunities, Growth, TAO, Agriculture, Specialty Lending, Fundamental Strategies and Credit Market Strategies investment platforms. The firm expects to invest across three primary areas of focus: Growth Debt, Structured Equity, and Stapled Solutions.

Recent Transactions

Details Hidden

PG&E Corp. issued . USD Common Stock

Details Hidden

Government of San Francisco, CA purchases Pg&E Corp. /Electric Grid from PG&E Corp.

Details Hidden

Sacramento Municipal Utility District (California) purchases Pacific Gas & Electric Co. /Chili Bar Hydroelectric Project from PG&E Corp.

Transaction Advisors

Auditor

Deloitte & Touche LLP

Advised onPG&E Corp. issued . USD Common Stock

Accountant

Arthur Andersen LLP

Advised onPG&E Corp. purchases Valero Natural Gas Co. from Valero Energy Corp.

Underwriter

Barclays Capital, Inc.

Advised onPG&E Corp. issued . USD Common Stock

Legal Advisor

Brett E. Cooper

Advised onPG&E Corp. issued USD Common Stock

Associate

Aashim Usgaonkar

Advised onPG&E Corp. issued . USD Common Stock

Associate

Andrew J. Astore

Advised onPG&E Corp. issued . USD Common Stock

Advisors & Consultants

Legal Advisor

Richard W. Reinthaler

Partner at Winston & Strawn LLP

Legal Advisor

Richard W. Reinthaler

Partner at Winston & Strawn LLP

Legal Advisor

Stephen Karotkin

Partner at Weil, Gotshal & Manges LLP

Clients

Spark Energy, Inc.

Spark Energy, Inc. is an independent retail energy services company. It operates through the following segments: Retail Natural Gas and Retail Electricity. The Retail Natural Gas segment purchases natural gas through physical and financial transactions with market counterparts. The Retail Electricity segment obtains electricity through independent system operators and supply to residential and commercial consumers. The company was founded in 1999 and is headquartered in Houston, TX.

California Water Service Group

California Water Service Group is a holding company, which engages to provide water utility and other related services in California, Washington, New Mexico, and Hawaii through its wholly-owned subsidiaries. The company is involved in the production, purchase, storage, treatment, testing, distribution and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection. It also provides non-regulated water-related services under agreements with municipalities and other private companies. The company was founded in 1926 and is headquartered in San Jose, CA.

Royale Energy, Inc.

Royale Energy, Inc. engages in the production and sale of oil and natural gas business. Its activities include the acquisition of oil and gas lease interests and proved reserves, drilling of both exploratory and development wells and sales of fractional working interests in wells to be drilled. The company was founded by Harry H. Hosmer and Donald H. Hosmer in October 1986 and is headquartered in El Cajon, CA.

Key Stats and Financials As of 2019

Market Capitalization

$23.4B

Total Enterprise Value

$30.4B

Earnings Per Share

$-14.5

Revenue

$17.1B

Enterprise Value / Sales

1.77x

TEVNet Income

-3.98x

Debt TEV

0.85x

Total Debt

$26B

Total Equity

$5.39B

Net Profit

$-7.64B

Three Year Compounded Annual Growth Rate Of Revenue

-1.02%

EBITDAMargin

27.6%

Enterprise Value EBITDAOperating

5.94x

EBITDA

$4.73B

Non-Profit Donations & Grants

$50K +

2009

The Keystone Center

$1 - $100

2009

Creating Economic Oppertunities for Women

$2,500 +

2009

Berkeley High School Development Group

Political Donations

$1,000

2014

Alan Lowenthal

$2,500

2014

Devin Nunes

$4,772

2014

Jeffrey John Denham

Investments

Details Hidden

Perfect Commerce LLC

Perfect Commerce LLC develops cloud-based procurement solutions and sell-side ecommerce software for the public and private market sectors. Its services include implementation, tail spend management, auctions as a service, catalog content, strategic sourcing, and group purchasing. The company was founded in 1994 and is headquartered in Newport News, VA.

Details Hidden

Masspower

Masspower explores oil and gas properties. The company is headquartered in Indian Orchard, MA.

Suppliers

Financial Engines, Inc. Accounting & Financial Services | Sunnyvale, CA

Financial Engines, Inc. engages in the provision of technology-enabled financial advisory services. It also offers discretionary portfolio management, personalized investment advice, financial and retirement income planning, and financial education and guidance. The company was founded by William F. Sharpe, Joseph A. Grundfest, and Craig W. Johnson in 1996 and is headquartered in Sunnyvale, CA.

Pattern Energy Group Inc. Market & Policy Research | San Francisco, CA

Pattern Energy Group, Inc. is an independent power company, which owns and operates wind and solar power facilities sales contracts. It operates through the following geographical segments: United States, Canada, and Chile. The company was founded in 2009 and is headquartered in San Francisco, CA.

Willdan Group, Inc. IT Consulting & Services | Anaheim, California

Willdan Group, Inc. engages in the provision of technical and consulting services. It operates through the following segments: Energy and Engineering and Consulting. The Energy segment offers energy and sustainability consulting services to utilities, public agencies and private industry. The Engineering and Consulting segment operates through Willdan Engineering, Willdan Infrastructure, Public Agency Resources, Willdan Financial Services and Willdan Homeland Solutions. The company was founded in May 1964 and is headquartered in Anaheim, CA.

Awards & Honors

Rank #166

2016

Fortune Magazine - Fortune 1000 Companies