PG&E Continues to Prioritize Safety Investments and Upgrades in its Proposed Gas Transmission and Storage Plan - Seite 2

"This infrastructure investment plan supports thousands of skilled, well-paying jobs. When this plan is executed by highly trained workers across Northern and Central California, it will enhance safety and improve reliability for PG&E’s customers. This plan is a win for both California’s economy and clean energy future,” said Tom Dalzell, business manager of IBEW Local 1245, which represents most of PG&E’s gas workers.

Critical Investments to PG&E’s Storage Facilities to Enhance Safety and Affordability

One area of increased investment outlined in this request and plan is the work needed to upgrade and increase inspection frequency at PG&E’s largest natural gas storage facility and begin the process of selling or closing two of these smaller facilities. This approach to PG&E’s gas storage business is responsive to the new regulations and shifting market conditions all while providing customers with substantial savings in the long-term without impacting safe or reliable service.

PG&E is required by the CPUC to submit its GT&S rate request before the end of 2017. PG&E is requesting a total of $1.59 billion in revenues for its proposed critical safety investments in 2019, $1.725 billion in 2020 and $1.905 billion in 2021. The company submitted its request to the CPUC for review on November 17. All rate requests are subject to review and approval by the CPUC. PG&E’s customers and members of the public are encouraged to provide feedback on this request through the regulatory review process.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 20,000 employees, the company delivers some of the nation’s cleanest energy to nearly 16 million people in Northern and Central California. For more information, visit www.pge.com/ and www.pge.com/en/about/newsroom/index.page.

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