Pacific Gas and Electric Company
American utility company
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The Pacific Gas and Electric Company (PG&E) is an American investor-owned utility (IOU) with publicly traded stock that is headquartered in the Pacific Gas & Electric Building in San Francisco. PG&E provides natural gas and electricity to most of the northern two-thirds of California, from Bakersfield and Barstow to near the Oregon State Line and Nevada and Arizona State Line, which represents 5.2 million households. PG&E is overseen by the California Public Utilities Commission. It is the leading subsidiary of the holding company PG&E Corporation, which has a market capitalization of $3.242 billion as of January 16, 2019. It was founded by George H. Roe after California's Gold Rush and by 1984 was the United States' "largest electric utility business". PG&E is one of four regulated, investor-owned utilities (IOUs) in California; the other three are PacifiCorp's Pacific Power, Southern California Edison and Sempra Energy's San Diego Gas & Electric.
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