Written by The Business Journal Staff
Pacific Gas & Electric Co. announced it will make more than $21.3 million in property tax payments this year in the four counties that comprise the Central Valley.
All together, PG&E is paying more than $367 million this spring to the 50 counties and 247 cities where it owns and operates gas and electric infrastructure in California — an increase of $30 million from a year ago.
In Fresno County, the utility is paying $16.82 million. Another $1.66 million is going to Kings County, $2.28 million in Madera County and nearly $600,000 in Tulare.
“Property tax and franchise fee payments are one of the important ways PG&E helps drive local economies and support essential public services like education and public safety. 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 energy companies in the nation,” said Jason Wells, senior vice president and chief financial officer for PG&E.