PCG PG&E Corporation

PG&E Sets Record with $2.85 Billion in 2016 Diverse Supplier Spend

Pacific Gas and Electric Company (PG&E) today announced that it spent a record $2.85 billion with diverse suppliers in 2016, accounting for 44 percent of its total procurement. For the fifth straight year, diverse suppliers accounted for $2 billion-plus of the company’s spend and more than 40 percent of PG&E’s total spend for the fourth consecutive year.

In addition, PG&E eclipsed the California Public Utilities Commission’s (CPUC) diverse spending goal of 21.5 percent for the 11th year in a row.

“For PG&E to effectively meet the needs of our customers in today’s evolving energy landscape, more than ever we need to work with our diverse suppliers to build a better California together. We’re ‘all in’ when it comes to building on the 36 years of success of our supplier diversity program,” said Pacific Gas and Electric Company President and Chief Operating Officer Nick Stavropoulos.

In 2016, PG&E achieved new spending records in the following reporting categories:

                             

INCREASE

CATEGORY

2015

2016

FROM 2015

Minority Business Enterprise (MBE) $1.591B $1.828B $237.6M/13 percent
Women Business Enterprise (WBE) $723.1M $797.7M $74.6M/9 percent
Service Disabled Veteran (DVBE) $154.6M $223.8M $69.2M/31 percent
 

Over the last 36 years, PG&E has been committed to supporting a diverse supply chain. The company has developed one of the leading supplier diversity programs in the energy industry. In addition to maintaining high levels of spend with diverse suppliers, PG&E has focused on elevating the quality of its supplier diversity program by addressing key success factors for suppliers.

For example, PG&E has held multiple workshops throughout the year to educate small and diverse businesses on how to compete for utility business. PG&E’s technical assistance and capacity building initiatives have helped businesses become more competitive.

The company has actively supported the development of its diverse suppliers through mentorship, scholarships, opportunity identification and value chain analysis. In addition, PG&E’s Supplier Development Program has matched 30 diverse suppliers with PG&E senior executive mentors.

PG&E’s Supply Chain Responsibility website contains more information about the program. The site also provides details on how to become a certified diverse supplier.

In 2016, PG&E received numerous national accolades for its supplier diversity efforts:

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.

http://www.pgecurrents.com/

http://www.facebook.com/pacificgasandelectric

https://twitter.com/pge4me

http://www.linkedin.com/company/pacific-gas-and-electric-company

http://www.youtube.com/user/pgevideo

What Diverse Suppliers Are Saying About Working with PG&E

“Blair, Church & Flynn Consulting Engineers has been able to continuously improve the quality and reliability of its business practices because of the support, education and mentoring offered by PG&E’s supplier diversity programs. I’m grateful for their commitment to supplier diversity. Today, we’re a safer, smarter and better team of professionals that consistently delivers cost saving infrastructure solutions to PG&E.”

-- David Mowry, PE – President and CEO, Blair, Church & Flynn

Blair, Church & Flynn is a Native American-owned professional consulting engineering firm offering comprehensive services including land surveying, planning, engineering, landscape architecture and construction management. Since 1958, Blair, Church & Flynn has advised clients throughout California on the development and operation of their most critical infrastructure and facilities.

“PG&E greatly values supplier diversity and the environment. From my experience with other utilities, implementing our program to recycle street lights has proved to be too much internal legwork and often turned down. PG&E has demonstrated the importance of utilizing small companies that offer better solutions, even if it means working with multiple vendors. PG&E stands by my small woman-owned business and makes sure the partnership is successful on both ends.”

-- Laurel Harrop, Founder and CEO, Laurel Environmental Group LLC

Laurel Environmental Group was founded on the concept of creating a more green way to recycle street lights removed for LED conversions. Laurel Environmental works with local metal and specialty recyclers to keep thousands of pounds of material from being sent to landfill. Laurel’s green concept of recycling street lights earned them an invitation to present their process with PG&E at last year’s Electric Utility Industry Sustainable Supply Chain Alliance conference.

“PG&E's commitment to supplier diversity has helped us grow over the past 10 years, enabling us to create dozens of new jobs and helping position ourselves as a leading regional environmental engineering firm. We’re one of four companies within PG&E’s Environmental Remediation Department's Alliance Partnership, alongside much larger national firms. This is further testament of PG&E's serious commitment to supplier diversity.”

-- Max Reyhani, Managing Principal, Terra Pacific Group

Terra Pacific Group provides a broad range of expert environmental services to the private and public sectors. Terra Pacific’s services include assessment and remediation of impacted sites to hydrogeologic studies, regulatory agency negotiations and construction management. The firm has worked with PG&E on remediation projects in Fresno and Santa Rosa.

EN
09/03/2017

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on PG&E Corporation

PG&E Corp: 1 director

A director at PG&E Corp sold 32,519 shares at 17.300USD and the significance rating of the trade was 64/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showi...

Pacific Gas & Electric Company: DOE loan guarantee provides low cost f...

Availability of DOE funding will help PG&E finance its elevated capex program and keep customer rates lower compared to using traditional debt financing.

PG&E Corporation: Update to credit analysis

Our credit view of this issuer reflects its several timely cost recovery mechanisms including revenue decoupling and above-average returns, constrained by its operational improvements.

Moody's Ratings affirms Ba3 rating on PG&E Corporation's new junior su...

Moody's Ratings (Moody's) affirmed the Ba3 rating on PG&E Corporation's (PCG) $1 billion junior subordinated notes due 2055 (Notes). PCG's other ratings, including its Ba1 Corporate Family Rating, and the ratings of its principal utility subsidiary, Pacific Gas & Electric Company (PG&E), including i...

Moody's Ratings assigns Ba3 rating to PG&E Corporation's new junior su...

Moody's Ratings (Moody's) assigned a Ba3 rating to PG&E Corporation's (PCG) up to $1 billion junior subordinated notes due 2055 (Notes). PCG's other ratings, including its Ba1 Corporate Family Rating, and the ratings of its principal utility subsidiary, Pacific Gas & Electric Company (PG&E), includi...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch