Valued at a market cap of $45.2 billion, PG&E Corporation (PCG) is one of the largest regulated electric and natural gas utility holding companies in the United States. Headquartered in Oakland, California, the company owns and operates an extensive network of electric transmission lines, distribution systems, natural gas pipelines, and power generation assets.
Companies worth $10 billion or more are typically classified as “large-cap stocks,” and PCG fits the label perfectly, with its market cap exceeding this threshold, underscoring its size, influence, and dominance within the regulated utilities industry. Through its primary subsidiary, Pacific Gas and Electric Company, it provides electricity and natural gas services to approximately 16 million people across Northern and Central California.
