How to resolve AdBlock issue? Pacific Gas and Electric Co.’s property taxes in California increased sharply this year as the utility continued to make significant investments in its gas and electric infrastructure to improve safety and reliability for its customers.
PG&E recently paid property taxes of nearly $193 million to 50 California counties. These payments cover the period from July 1 to Dec. 31, 2015.
The payment to the county of Lake was for $694,533, according to PG&E.
Total payments for the tax year of July 1, 2015, to June 30, 2016, will be nearly $385 million – an increase of $40 million over the prior fiscal year, or 11 percent.
“Property tax payments are one of the important ways PG&E helps contribute to the local economies, supporting essential public services like education and public safety for the 16 million Californians we serve. This year’s higher payments reflect the substantial local investments we are making in our gas and electric infrastructure to create one of the safest and most reliable utility systems in the country” said Kent Harvey, senior vice president and chief financial officer for PG&E.
PG&E invested more than $5 billion this year to maintain and upgrade its gas and electrical infrastructure across Northern and Central California.
One such investment is the recently completed $40 million state-of-the-art electric distribution control center in Concord.
PG&E opened a $28.5 million-control center in Fresno last year and expects to open another control center in Rocklin in early 2016. PG&E also recently broke ground to construct a $75 million-gas operations technical training center in Winters.
These investments will result in additional property tax revenues in future years.
The amounts for each of the county follows.
FIRST INSTALLMENT PROPERTY TAX PAYMENTS ON DEC. 10, 2015
ALAMEDA: $19,658,015
ALPINE: $59,283
AMADOR: $955,868
BUTTE: $3,320,701
CALAVERAS: $807,581
COLUSA: $4,213,442
CONTRA COSTA: $16,748,589
EL DORADO: $1,242,561
FRESNO: $14,431,766
GLENN: $673,957
HUMBOLDT: $2,635,236
KERN: $6,305,061
KINGS: $1,354,491
LAKE: $694,533
LASSEN: $34,176
MADERA: $1,948,970
MARIN: $2,751,855
MARIPOSA: $223,617
MENDOCINO: $1,354,151
MERCED: $2,748,132
MODOC: $237,069
MONTEREY: $3,041,742
NAPA: $1,995,743
NEVADA: $1,024,106
PLACER: $4,280,135
PLUMAS: $2,092,493
SACRAMENTO: $4,262,535
SAN BENITO: $596,308
SAN BERNARDINO: $1,070,988
SAN DIEGO: $9,596
SAN FRANCISCO: $11,304,100
SAN JOAQUIN: $8,910,801
SAN LUIS OBISPO: $14,126,226
SAN MATEO: $10,182,039
SANTA BARBARA: $909,345
SANTA CLARA: $21,907,530
SANTA CRUZ: $1,477,645
SHASTA: $4,567,520
SIERRA: $110,634
SISKIYOU: $112,143
SOLANO: $4,683,627
SONOMA: $5,481,752
STANISLAUS: $1,793,334
SUTTER: $1,107,174
TEHAMA: $1,041,243
TRINITY: $109,639
TULARE: $511,830
TUOLUMNE: $752,515
YOLO: $1,998,803
YUBA: $1,070,477
Total Payments: $192,931,076
