PG&E Corporation is a California-incorporated holding company whose primary operating subsidiary, Pacific Gas and Electric Company (the Utility), is a regulated public utility providing electric and natural gas service to customers throughout Northern and Central California. The Utility, incorporated in California in 1905, generates revenues primarily through the sale and delivery of electricity and natural gas to residential, commercial, and industrial customers within its California service territory.
PG&E Corporation became the Utility's holding company in 1997. The Utility operates under a Lean operating model aimed at improving decision-making efficiency and customer outcomes, and applies a "triple bottom line" framework measuring impact across people, planet, and prosperity. Its strategy emphasizes customer-driven capital investment supported by fair and timely regulatory treatment, paired with cost-control measures to maintain service affordability.
Electricity 73% · Natural Gas Us Regulated 27%
product & service · FY2025 (ended Dec 2025) · share of tagged segment revenue (10-K XBRL, as filed)