Sunday, 19 May 2024

PG&E makes county property tax, franchise fee payments

LAKE COUNTY – Pacific Gas and Electric Co. (PG&E) this week announced it made property tax payments totaling more than $116 million to the 49 counties in which it operates, as well as more than $151 million in franchise fees and surcharges to local jurisdictions.


The property tax amounts represent full and timely payment of property taxes due for the period from January 1 to June 30, 2009,the company reported.


Lake County will receive a property tax payment form PG&E in the amount of $465,488.39. Neighboring counties received the following amounts: Colusa, $590,298.91; Glenn, $429,108.75; Mendocino, $760,564.92; Napa, $1,096,917.16; Sonoma, $3,364,088.44; and Yolo County, $1,227,034.25.


San Luis Obispo County received the most property tax money from PG&E of any county, with $12,580,786.14, while Lassen County, with $39,170.52, received the least in payments.


The company’s tax payments to counties for tax year 2008-09 increased by more than $19 million over the tax payments made one year ago. This was a result of an increase in assessments due to PG&E’s infrastructure investments and an overall increase in tax rates.


This week PG&E also paid franchise fees and franchise fee surcharges to the 48 counties and 244 California cities in which it operates.


The 2008 payments total about $62 million for gas and about $89 million for electric service. This represents an increase of more than $11 million above the previous year, including more than $5.2 million to cities and counties in the North Coast region.


Local jurisdictions received the following amounts for electric services: city of Clearlake – $115,869.46; Lakeport – $33,628.97; unincorporated Lake County, $406,132.63.


A franchise fee is a percentage of gross receipts that PG&E pays cities and counties for the right to use public streets to run gas and electric service.


The franchise fee surcharge is a percentage of the transportation and energy costs to customers choosing to buy their energy from third parties. PG&E collects the surcharges and passes them to cities and counties.


“PG&E’s payment of franchise fees and property taxes is a stable source of revenue local governments can count on during tight budgetary times,” said Nancy E. McFadden, PG&E’s senior vice president of public affairs. “In recent weeks PG&E paid more than $267 million in franchise fees and property taxes. These payments support important services including police and fire protection, education, public health and environmental services.”

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