PG&E reports spring property taxes, franchise fees of over $388M, up $21M y/y
Pacific Gas and Electric Company announced that it is paying property taxes and franchise fees of more than $388M this spring to the 50 counties and 247 cities where the energy company owns and operates gas and electric infrastructure, an increase of $21M over payments made a year ago. On April 10, PG&E paid property taxes of over $260M to the 50 counties in which it owns property. The payment covers the period from January 1 to June 30, 2019. PG&E pays franchise fees to cities and counties for the use of public streets for its gas and electric facilities. The energy company submitted the fees by April 15. PG&E's franchise fee payments totaled nearly $129M, almost $36M for natural gas and $93M for electric service, the company noted.