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PG&E
From SourceWatch
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This is part of the Center for Media & Democracy's climate change project. |
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This article is part of the Coal Issues portal on SourceWatch, a project of CoalSwarm and the Center for Media and Democracy. |
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| Type | Public (NYSE: PCG) |
|---|---|
| Headquarters | 77 Beale St. San Francisco, CA 94105 |
| Area served | CA |
| Key people | Peter A. Darbee, CEO |
| Industry | Electric Producer & Utility Natural Gas Utility |
| Products | Electricity, Natural Gas |
| Revenue | $13.2 billion (2007)[1] |
| Net income | ▲ $1.01 billion (2007)[1] |
| Employees | 20,050 (2007) |
| Subsidiaries | Pacific Gas and Electric Company |
| Website | PGECorp.com |
The Pacific Gas and Electric Company (PG&E) is the utility that provides natural gas and electricity to most of Northern California. The southern part of the state is generally served by Southern California Edison for power and natural gas from Southern California Gas. PG&E was founded in 1905 and is currently headquartered in the Pacific Gas & Electric Building in San Francisco.
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PG&E leaves Chamber of Commerce over climate policy
In September 2009, PG&E announced it was quitting the U.S. Chamber of Commerce because of the lobbying organization's opposition to climate legislation. In a letter to the Chamber, CEO Peter Darbee wrote, In a letter to the Chamber, PG&E Chairman and CEO Peter Darbee wrote:[2]
"We find it dismaying that the Chamber neglects the indisputable fact that a decisive majority of experts have said the data on global warming are compelling and point to a threat that cannot be ignored. In our opinion, an intellectually honest argument over the best policy response to the challenges of climate change is one thing; disingenuous attempts to diminish or distort the reality of these challenges are quite another."
PNM Resources and Exelon have also left the Chamber of Commerce over its opposition to greenhouse gas regulations.[3]
Compensation
In May 2007, Forbes listed PG&E CEO Peter Darbee as receiving $4.41 million in total compensation for the latest fiscal year, with a three-year total compensation of $14.55 million. He ranked 22nd on the list of CEOs in the Utilities industry, and 314th among all CEOs in the United States.[4]
Power portfolio
Out of its total 8,038 MW of electric generating capacity in 2005 (0.75% of the U.S. total), PG&E produced 46.1% from hydroelectricity, 28.9% from nuclear, 18.0% from coal, 5.9% from natural gas, and 1.2% from oil. PG&E owns power plants in California, Florida, New Jersey, and Pennsylvania; 82.0% of the company's generating capacity comes from power plants in California.[5]
Existing coal-fired power plants
PG&E owned 6 coal-fired generating stations in 2005, with 1,443 MW of capacity. Here is a list of PG&E's coal power plants:[5][6][7]
| Plant Name | State | County | Year(s) Built | Capacity | 2007 CO2 Emissions | 2006 SO2 Emissions |
|---|---|---|---|---|---|---|
| Indiantown | FL | Martin | 1995 | 395 MW | 2,406,000 tons | N/A |
| Cedar Bay | FL | Duval | 1994 | 292 MW | 2,355,000 tons | N/A |
| Carneys Point | NJ | Salem | 1993 | 285 MW | N/A | N/A |
| Logan | NJ | Gloucester | 1994 | 242 MW | 1,674,000 tons | N/A |
| Northampton | PA | Northampton | 1995 | 134 MW | 981,000 tons | N/A |
| Scrubgrass | PA | Venango | 1993 | 95 MW | 966,000 tons | N/A |
In 2006, PG&E's 6 coal-fired power plants emitted at least 8.4 million tons of CO2.
Articles and Resources
References
- ↑ 1.0 1.1 PG&E Corp., BusinessWeek Company Insight Center, accessed July 2008.
- ↑ "PG&E Leaves Chamber of Commerce," Union of Concerned Scientists, September 22, 2009.
- ↑ "Out the Door: Exelon Leaves Chamber of Commerce over Climate Policy,"] Wall Street Journal, September 28, 2009.
- ↑ CEO Compensation: #314 Peter A Darbee, Forbes.com, May 3, 2007.
- ↑ 5.0 5.1 Existing Electric Generating Units in the United States, 2005, Energy Information Administration, accessed April 2008.
- ↑ Environmental Integrity Project, Dirty Kilowatts: America’s Most Polluting Power Plants, July 2007.
- ↑ Dig Deeper, Carbon Monitoring for Action database, accessed June 2008.
Related SourceWatch Articles
External Articles
Wikipedia also has an article on PG&E. This article may use content from the Wikipedia article under the terms of the GFDL.
