PG&E NAMED sixth top Bay Area corporate philanthropist – Donations come entirely from shareholders – Customer rates not affected

Pacific Gas and Electric Comapny (PG&E) has announced its recognition by the San Francisco Business Times as one of the Bay Area’s leading corporate philanthropists.

The San Francisco-based gas and electric company ranked sixth on the San Francisco Business Times’ list of the top 70 Bay Area corporate philanthropists, featured in the Times’ annual report on the Bay Area’s business investment status, according to PG&E.

“We’re honored to be included among this distinguished group of corporate philanthropists,” Ophelia Basgal, PG&E vice president of civic partnership and community initiatives, said.

“Collectively we demonstrate that through taking an active role in our communities and supporting organizations and initiatives that create neighborhoods with robust businesses, plentiful jobs, vibrant schools, great parks and a healthy citizenry, we can contribute to a more sustainable society,” Basgal said.

In addition to being acknowledged as one of the Bay Area’s top corporate philanthropists, this year the gas and electric company is making its largest charitable commitment in the company’s history, according to PG&E.

PG&E is donating $18.3 million to various nonprofit organizations this year, a 25 percent increase from 2006, the company said.

PG&E’s charitable contributions are generated entirely from the company’s shareholders and do not affect gas and electric rates, the company said.

Bay City News

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