| PGE Corporation |
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| PG&E Corporation markets energy services in the U.S. Through its Pacific Gas & Electric Company subsidiary, the company generates and distributes electricity (75% of FY 2005 revenues) and distributes natural gas (25%) primarily in California.For FY 2005, the company did not report on revenues from sales outside the U.S. PG&E does not have operations outside the U.S.In FY 2005, the company's regulated utility subsidiary, Pacific Gas & Electric Company, purchased 60% of its electricity needs. Of the 40% it generated, 61% was from hydroelectric power, 34% from nuclear power, and 5% was from fossil fuels.In 2004, the company's Pacific Gas & Electric Company subsidiary emerged from bankruptcy protection. In 2003, PG&E filed for Chapter 11 bankruptcy protection for its National Energy Group subsidiary and in 2004 PG&E sold its stake in the company, which expected to cease all operations in 2005. In January 2006, Peter Darbee, who is the company's CEO, succeeded Robert Glynn as chair of the company's board of directors. In January 2005, Peter Darbee, former senior vice president and chief financial officer of PG&E, succeeded Robert Glynn as chief executive officer of the company. Mr. Glynn remained chair of the board, but announced plans to retire at the end of 2005. | ||||
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PGE Corporation
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Utilities,Electrical
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| The environmental impact is clearly an important factor in their decision making process, and reduction of greenhouse gasses has been a priority. We see this as a strong step towards them becoming responsible stewards of this world. PG&E Corporation Fossil fuels fuel their revenue; a lot of effort and long term commitment is the only way these guys will ever be green. They dispose of materials in an unsatisfactory way. More effort should be applied to improving their disposal processes as they are worse than should be expected of any company (unfortunately, many companies fail to deal with this issue). Even the regulatory bodies, not known as the most critical of judges, will tell you that these guys break the rules. pours pollutants into either the air or water, and should focus resources on cleaning up their act. Our research shows that this company’s lack of environmental responsibility is not just neglectful, it is abusive. KLD found instances of this company failing to make a significant effort to minimize its impact on the environment. KLD’s research is what backs up the rating above. This is a start. If you have knowledge or an interest in finding and posting the specifics of their record, please contribute to this page. | ||||
| Edit | Researched by KLD Research |
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| We are impressed with the strong relationships they maintain with their union, and they have had no major recent union conflicts. This company has acted with a disregard for the fact that their business has undermined the communities in which they operate. Reviewing KLD’s research, we found that this company has taken some significant steps toward ensuring it takes care of its employees and the communities where it operates, but that it still has significant room for improvement: KLD found instances of this company failing to support the people upon whom they have an impact. We can’t show you the specifics they found, but their research is what backs up the rating above. This is a start. If you have knowledge or an interest in finding and posting the specifics of their record, please contribute to this page. | ||||
| Edit | Researched by KLD Research |
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Version 3 last modified by Arthur Gillett on 22/02/2009 at 08:16
