Industry: Electric Utilities
Fortune Rank: 173
PG&E Corp. is engaged in the business of providing electricity and natural gas distribution and transmission services throughout northern and central CA. For the 6 months ended 6/30/05, revenues decreased 6% to $5.17B. Net income applic. to Common decreased 85% to $472M. Revenues reflect a decrease in electric consumption by customers. Net income also reflects the absence of the recognition of regulatory assets.
PG&E Corporation is an energy-based holding company that conducts its business through Pacific Gas and Electric Company (the Utility), a public utility operating in northern and central California. The Utility engages in the businesses of electricity and natural gas distribution, electricity generation, procurement and transmission, and natural gas procurement, transportation and storage. During the year ended December 31, 2004, PG&E Corporation also owned National Energy & Gas Transmission, Inc. (NEGT). On April 6, 2001, the Utility filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Northern District of California. On April 12, 2004, the Utility emerged from Chapter 11. On July 8, 2003, NEGT and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 in the United States Bankruptcy Court for the District of Maryland. On October 29, 2004, NEGT emerged from Chapter 11.
PG&E Corporation is a Fortune 500 company. In 2010 PG&E Corporation was ranked number 173 on the Fortune 500 list, making it the 173rd largest company in the United States when judged by revenue.
PG&E Corporation achieved revenue of $13,399.00 million in 2010 and earned a profit of $1,220.00 million.
PG&E Corporation' rank improves
The company ranking improved in 2010, moving up the Fortune 500 list to 173rd compared to 176th in 2009. This was based on its 2009 revenue of $14,628 million (a change of -1 million compared to 2010) and profits of $1,338 million (a change of $0 million compared to 2009).
Another point of view
To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then PG&E Corporation would be ranked 108th rather than 173rd due to its profits of $1,220 in 2010.
|PG&E Corporation||Revenue*||Profit*||Fortune Ranking|
* US$ Million
One Market, Spear Tower Ste 2400
- PG&E Corporation
- Contact Details