PG&E Corporation

PG&E Corporation is a holding company whose primary operating subsidiary is Pacific Gas and Electric Company, a monopoly utility operating in Northern and Central California. In 2020, PG&E pleaded guilty to 84 separate counts of involuntary manslaughter and one felony count of unlawfully starting a fire after it was determined that the Camp Fire was caused by a high-voltage transmission line the company owned and failed to maintain. The fire burned down most of the town of Paradise and resulted in the death of 85 people. PG&E has also been fined for other incidents, including the 2015 Butte Fire, the 2010 San Bruno pipeline explosion, and the 2008 Rancho Cordova house explosion.

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California passes bill curbing utilities use of ratepayer money for political spending
September 16, 2025
State lawmakers last week made California the seventh state to pass a bill limiting investor-owned utilities from using customer money to pay for political and lobbying costs. Assembly Bill 1167, the California Ratepayer Protection Act, authored by Assembly Member Marc Berman (D-Menlo Park), passed both chambers of the legislature and now awaits action by Governor...

As Customers Struggled, Utility CEOs’ Pay Spiked Last Year
July 18, 2024
While many Americans saw their energy bills go up substantially in the past year, investor-owned electric and gas utilities and the country’s largest publicly owned utility paid their CEOs over $647 million in 2023, an increase of 9 percent over 2022, an analysis by the Energy and Policy Institute has found. The CEOs for the...

Utility CEOs received $3.2 billion in executive compensation from 2017 – 2022
July 6, 2023
Investor-owned electric and gas utilities paid their CEOs $3.2 billion between 2017 and 2022, according to corporate data reviewed by the Energy and Policy Institute. CEOs for the 57 companies reviewed for this analysis received more than $578 million in 2022. Total utility CEO compensation declined from last year, as it did for most other...
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