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Pacific Gas and Electric (PG&E)

PG&E Corp. is a publicly listed energy company headquartered in California, USA. In 2019, its revenue was US$17.13 billion and installed capacity 76.86 GW. The company is just beginning to emerge from Chapter 11 bankruptcy proceedings linked to wildfire liabilities in California. Its climate ambition is tightly tied to regulatory compliance.

Ranking position
#34/50
Performance score
4.5 /20
Narrative Score
D
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-50)

Targets

0.4 / 4.0 #32

Material Investment

0.7 / 7.0 #43

Intangible Investment

0.2 / 2.0 #13

Management

2.0 / 4.0 #17

Policy Engagement

0.0 / 1.0 #48

Business Model

1.3 / 2.0 #23
Total 4.5 / 20 #34

Leading practices

No leading practices were identified for this company.

Risks and opportunities

Trend

PG&E is awarded a trend score of -. If the company were reassessed in the near future, its score would likely worsen. The  ongoing use of gas-fired generation coupled with a decline in both nuclear and hydro generation is projected to drive up the company’s emissions intensity in the short term. In the longer term, ongoing gas use is predicted to push PG&E’s absolute emissions over its decarbonisation budget. The company may increase its delivery of renewable power to customers via third-party contracts to compensate for the decline in nuclear and hydro, but purchased power sold on to end users will not be reflected in the company’s scope 1 generation emissions (on which this assessment focuses).

Progress towards the Paris Agreement

More about the company

Headquarters
San Francisco, California, USA
Ownership structure
Publicly listed
Group revenue
US$17.13 billion (2019)
Installed capacity
76.86 GW (2019)
Website
http://www.pgecorp.com/corp/index.page