85%

Electricity

The share of electricity that PG&E provided to customers in 2020 that was emissions-free

900000

Tons of Greenhouse Gases

avoided by PG&E to date

35838

Gigawatt-Hours

of electricity produced in 2020


The Path to Drawdown: Electrical Utilities

Electric utilities play a critical role in the path to a world of net-zero emissions. They provide the connective tissue between key Drawdown solutions: renewable energy generation and energy storage. Through long-term power purchase agreements (PPAs), utilities enable renewable energy developers to secure buyers for their power and unlock project finance. Utility companies also often control electrical grids, putting them in the position to prioritize (or de-prioritize) the extent to which the grid is outfitted for the intermittency of solar and wind power generation. They're also the key actors in green-lighting the development of large-scale energy storage.

There are dozens of publicly-traded utilities on the New York stock exchange (such as Duke, NextEra, Dominion, Xcel, PG&E, etc.), and many of them are purchasing or developing renewable power capacities to provide clean electricity to customers across large regions. We use a stringent criteria to determine which utilities are significantly contributing to the low-carbon energy transition.

About

PG&E Corporation (stock ticker: PCG) is a holding company whose main operating subsidiary is Pacific Gas and Electric Company, a public utility operating in northern and central California. They generate revenue mainly through the sale and delivery of electricity and natural gas to customers. PG&E is headquartered in San Francisco, California.

PCG's Role in Drawdown

PG&E produces 52% of their power from renewables, 44% from nuclear, and 3% from non fossil fuel combustion. They don't produce any of their power from coal and goes beyond what's required by state regulation for energy portfolios. That means they pass the Climate Index criteria for inclusion.

PCG: What We Like

We'll update this section soon.

PCG: What We Want to See Improve

Coming soon!


Other Electrical Utility Stocks in the Climate Index

Attend Our Next Webinar

Attend Our Next Webinar

Join our next Sustainable Investing 101 webinar, get our favorite DIY options, and walk through how we build our portfolios.

Register
Get Our Newsletter

Get Our Newsletter

Go a level deeper with us and investigate the potential impacts of climate change on investments like your retirement account.

Join Newsletter
Talk To A Human

Talk To A Human

Joining a new investment service can be intimidating. We’re here for you. Click below to email us a question or book a quick call.

Ask a Question