{"id":399333,"date":"2020-12-14T15:03:24","date_gmt":"2020-12-14T20:03:24","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=399333"},"modified":"2020-12-14T15:03:24","modified_gmt":"2020-12-14T20:03:24","slug":"pge-pays-over-268-million-in-property-taxes-to-50-california-counties","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pge-pays-over-268-million-in-property-taxes-to-50-california-counties\/","title":{"rendered":"PG&E Pays Over $268 Million in Property Taxes to 50 California Counties"},"content":{"rendered":"

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PG&E Pays Over $268 Million in Property Taxes to 50 California Counties<\/b><\/p>\n

Semi-annual Payments are 5.5 percent Higher Than One Year Ago<\/i><\/p>\n

SAN FRANCISCO–(BUSINESS WIRE<\/a>)–
\nFor the second half of 2020, Pacific Gas and Electric Company (PG&E) paid property taxes of over $268 million to the 50 counties where it owns properties that support gas and electric service to 16 million Californians.\n<\/p>\n

\n\u201cProperty tax payments are one of the important ways PG&E helps drive local economies and supports essential public services like education and public safety. This year\u2019s payments reflect the substantial local investments we continue to make in our gas and electric infrastructure to create a safer and more reliable system and to better mitigate against wildfires,\u201d said David Thomason, Vice President, Controller and Chief Financial Officer for PG&E.\n<\/p>\n

\nPG&E\u2019s payments of more than $268 million covers the period from July 1 to December 31, 2020. Total payments for the tax year of July 1, 2020, to, June 30, 2021, are more than $537 million \u2014 an increase of nearly $28 million, or 5.5 percent, compared with the prior tax year.\n<\/p>\n

\nThe increase in property tax payments reflect PG&E\u2019s continuing investments to enhance and upgrade its gas and electrical infrastructure for safety, reliability and wildfire mitigation across Northern and Central California.\n<\/p>\n

\nPG&E supports the communities it serves in a variety of ways. Last year, PG&E provided $17.5 million in community grants and investments<\/a> to enhance local educational opportunities, preserve the environment, and support economic vitality and emergency preparedness. PG&E employees provide volunteer service in their local communities. The company also offers a broad spectrum of economic development services<\/a> to help local businesses grow.\n<\/p>\n

PG&E\u2019s First Installment of Property Taxes Paid on December 10, 2020<\/b><\/p>\n