Company: PCG-PB
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001004980-25-000010
Chunk: 121

Company: PG&E Corp
Filing Date: 2025-02-13
Form: 10-K
Item: Item 1
Chunk 121
---
connection points to the Utility’s natural gas transportation system.  These agreements provide transportation service from western Canada to the United States-Canada border, from the United States-Canada border to an interconnection point with the Utility’s natural gas transportation system at the Oregon-California border, from the U.S. Rocky Mountains to an interconnection point with the Utility’s natural gas transportation system at the Oregon-California border, and from supply points in the southwestern United States to interconnection points with the Utility’s natural gas transportation system in the area of California near Topock, Arizona.  (For more information regarding the Utility’s natural gas transportation agreements, see Note 15 of the Notes to the Consolidated Financial Statements in Item 8.)

The Utility owns and operates three underground natural gas storage fields and has a 25% interest in a fourth storage field, all of which are connected to the Utility’s gas transmission system.  In 2019, the CPUC approved the discontinuation, through closure or sale, of operations at two of the Utility’s owned and operated gas storage fields, Pleasant Creek and Los Medanos.  The sale of Pleasant Creek is currently pending CPUC review and approval and the Utility anticipates to close on the sale in 2025.  The Utility continues to operate and rely on the Los Medanos storage field as filed and approved in the 2023 GRC.  The Utility owns and operates compressors and other facilities at these storage fields that are used to inject gas into the fields for storage and later for withdrawal.  In addition, four independent storage operators are interconnected to the Utility’s Northern California gas transmission system.

In 2024, the Utility continued upgrading transmission pipelines to allow for the use of in-line inspection tools.

31

Natural Gas Operating Statistics

The following table shows the Utility’s operating statistics from 2022 through 2024 (excluding subsidiaries) for natural gas, including the classification of revenues by type of service.  No single customer of the Utility accounted for 10% or more of consolidated revenues for bundled gas sales in 2024, 2023 or 2022.

202420232022Customers (average for the year) (1)4,614,080 4,605,628 4,585,126 Gas purchased (MMcf)219,758 239,756 227,128 Average price of natural gas purchased (price per Mcf)$1.99 $6.91 $7.42 Bundled gas sales (MM