SAN FRANCISCO--(BUSINESS WIRE)--

Pacific Gas and Electric Company (PG&E) was named to the United States Hispanic Chamber of Commerce’s (USHCC) “Million Dollar Club” for the third consecutive year. The company, which was ranked as one of the top 10 in the United States on the list, was recently honored for spending a record $602.4 million with Hispanic-owned businesses in 2015. PG&E received the Million Dollar Club recognition during the USHCC’s national convention in Miami.

The Million Dollar Club was established to recognize corporations that actively demonstrate a commitment to minority and women-owned enterprises through their work with minority suppliers. The 2016 honorees invested a minimum of $25 million to more than $1 billion in Hispanic-owned businesses.

“Over the last three decades, PG&E has concentrated on working with suppliers that reflect the diversity of the communities we serve. Our efforts, including those within the Hispanic community, have helped numerous businesses succeed while bolstering local economies. We’re very proud to have received this recognition from the USHCC,” said Gun Shim, PG&E vice president of supply chain management.

PG&E has spent more than $2 billion with diverse suppliers for four consecutive years. The company’s $2.5 billion spend in 2015 not only established a record, it accounted for more than 40 percent of PG&E’s total spend for the third year in a row. PG&E has also surpassed the California Public Utilities Commission’s diverse spending goal of 21.5 percent for 10 straight years.

In the last seven years, PG&E’s total spend with Hispanic-owned businesses has increased 74 percent ($602,412,037 in 2015 from $256,408,228 in 2010). In that same period, spend with Hispanic male-owned enterprises has gone up 70 percent ($459,323,606 from $189,869,798) and Hispanic female-owned enterprises spend has seen an 87 percent rise ($143,088,431 from $66,538,430).

Over the last 12 months, PG&E’s efforts in supplier diversity have received regional and national recognition. In September, The Greenlining Institute gave the company an “A” in its annual Supplier Diversity Report Card while praising PG&E’s supplier diversity success. Greenlining’s report commended PG&E’s Supplier Development Program and the company’s work in improving supplier capacity.

In August, Minority Business News USA Magazine named PG&E to its 2016 Corporate 101: Most Admired Companies in Supplier Diversity. Earlier this year, the Women’s Business Enterprise National Council recognized PG&E as one of America’s top corporations for women-owned businesses.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric utilities in the United States. Based in San Francisco, with more than 20,000 employees, the company delivers some of the nation’s cleanest energy to nearly 16 million people in Northern and Central California. For more information, visit www.pge.com/ and www.pge.com/en/about/newsroom/index.page.

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