For the second half of 2020, Pacific Gas and Electric Company (PG&E) paid property taxes of over $268 million to the 50 counties where it owns properties that support gas and electric service to 16 million Californians.
This includes more than $24 million in property taxes paid to 13 North State counties: Butte, Colusa, Glenn, Lassen, Modoc, Plumas, Shasta, Sierra, Siskiyou, Sutter, Tehama, Trinity and Yuba. Plumas received more than $2.5 million.
“Property tax payments are one of the important ways PG&E helps drive local economies and supports essential public services like education and public safety. This year’s payments reflect the substantial local investments we continue to make in our gas and electric infrastructure to create a safer and more reliable system and to better mitigate against wildfires,” said David Thomason, Vice President, Controller and Chief Financial Officer for PG&E.
PG&E’s payments of more than $268 million covers the period from July 1 to December 31, 2020. Total payments for the tax year of July 1, 2020, to, June 30, 2021, are more than $537 million — an increase of nearly $28 million, or 5.5 percent, compared with the prior tax year.
The increase in property tax payments reflect PG&E’s continuing investments to enhance and upgrade its gas and electrical infrastructure for safety, reliability and wildfire mitigation across Northern and Central California.
PG&E supports the communities it serves in a variety of ways. Last year, PG&E provided $17.5 million in community grants and investments to enhance local educational opportunities, preserve the environment, and support economic vitality and emergency preparedness. PG&E employees provide volunteer service in their local communities. The company also offers a broad spectrum of economic development services to help local businesses grow.
PG&E’s First Installment of Property Taxes Paid on December 10, 2020
Butte — $ 5,667,359
Colusa — $ 4,137,638
Glenn — $ 1,002,342
Lassen — $ 51,276
Modoc — $ 214,875
Plumas — $ 2,565,430
Shasta — $ 6,227,812
Sierra — $ 124,531
Siskiyou — $ 100,917
Sutter — $ 1,415,569
Tehama — $ 1,551,202
Trinity — $ 181,612
Yuba — $ 1,474,638