5 Best Gas/Electricity companies in United States
The Pacific Gas and Electric Company (PG&E) is an American investor-owned utility (IOU) with publicly-traded stock. The company is headquartered in the Pacific Gas & Electric Building, in San Francisco, California, United States. PG&E provides natural gas and electricity to most of the northern two-thirds of California, from Bakersfield and to the north side of the County of Santa Barbara, to near the Oregon State Line and Nevada and Arizona State Line, which represents 5.2 million households.:27
Overseen by the California Public Utilities Commission; PG&E is the leading subsidiary of the holding company PG&E Corporation, which has a market capitalization of $3.242 billion as of January 16, 2019. It was founded by George H. Roe after California’s Gold Rush and by 1984 was the United States’ “largest electric utility business”. PG&E is one of six regulated, investor-owned utilities (IOUs) in California; the other five are PacifiCorp, Southern California Edison, San Diego Gas & Electric, Bear Valley Electric, and Liberty Utilities.
On January 14, 2019, PG&E announced that it was filing for Chapter 11 bankruptcy in response to the financial challenges associated with the catastrophic wildfires that occurred in Northern California in 2017 and 2018
Southern California Edison (or SCE Corp), the largest subsidiary of Edison International, is the primary electricity supply company for much of Southern California. It provides 14 million people with electricity across a service territory of approximately 50,000 square miles. However, the Los Angeles Department of Water and Power, San Diego Gas & Electric, Imperial Irrigation District, and some smaller municipal utilities serve substantial portions of the southern California territory. The northern part of the state is generally served by the Pacific Gas & Electric Company of San Francisco.
Florida Power & Light Company (FPL), the principal subsidiary of NextEra Energy Inc. (formerly FPL Group, Inc.), is a Juno Beach, Florida-based power utility company serving roughly 4.9 million accounts and 10 million people in Florida.:7 It generates, transmits, distributes and sells electric energy.
The company’s largest subsidiary is Public Service Electric and Gas Company (PSE&G). The Public Service Electric and Gas Company is a regulated gas and electric utility company serving the state of New Jersey and it is New Jersey’s oldest and largest investor owned utility company; the Public Service Electric and Gas Company was established in 1928 and was originally a subsidiary of the New-Jersey-based Public Service Corporation.