Pacific Gas And Electric Company Leadership Analysis
Introduction
Pacific Gas and Electric Corporation is one of the leading corporation in the energy industry. This is done so through one of its holding companies, Pacific Gas and Electric Company or better known as PG&E. PG&E’s is the primary subsidiary for the corporation that provides customers with utility services and other energy generated services along with electricity, natural gas transmission, and the distribution of electricity. The primary area of operation of the company is the United States with its headquarters in San Francisco, California (Wynne, PG&E: Yield, Growth and Safety)
Leadership https://www.pge.com/en/about/newsroom/newsdetails/index.page?title=20161114_williams_elected_ceo_and_president_of_pge_corporation__as_part_of_leadership_succession_plan …show more content…
William was serving as the president for the Corporations subsidiary company Electric of Pacific Gas and Electric Company. Pacific Gas and Electric Company is now headed by Nick Stavropoulos who serves as the President and Chief Operating Officer alongside him is Lauri M. Giammona, Senior Vice President and Chief Customer Officer. Both companies have various vice presidents. The leadership is divided into specific areas under different teams with team leaders. (PG&E Corporation)
Market
PG&E prides itself in being able to provide its customers with electrify like no other due to their strong distribution network. They have approximately “106,681 circuit miles of electric distribution lines and 18,466 circuit miles of interconnected transmission lines (PG&E, 2016).” There distribution is capable of doing so by utilizing there 58 transmission switching stations and over 600 distution substations. They also have a total of 42,141 miles of natural gas pipelines, 6,438 transportation pipelines and over 5.4 million electric customers. …show more content…
These agencies have set regulations to control the companies that provide these services to the country and are legally binding and each corporation or company must comply with the regulations or face penalties. The regulatory environment is composed of the regulations posted by California Public Utilities Commission (CPUC), the Federal Energy Regulatory Commission (FERC) and the Nuclear Regulatory Commission (NRC) (Fischbach, 2013).
In addition, the Energy Policy Act of 2005 states that “if a company fails to abide by the compulsory electric reliability standard then they could be fined up to $1 million each day for each violation (Madani & Meliopoulos, 2014). The compulsory electric reliability standard refers to protecting bulk power systems interference from cyber and/or physical harm.
The regulations can be compared to technology in a way, they are always evolving. Also, with the continuous changing in the energy market the constant battle for companies to stay within compliance is a daunting task in itself. This makes companies vulnerable to fines and penalties at any given moment.
Critical
Pacific Gas and Electric Corporation is one of the leading corporation in the energy industry. This is done so through one of its holding companies, Pacific Gas and Electric Company or better known as PG&E. PG&E’s is the primary subsidiary for the corporation that provides customers with utility services and other energy generated services along with electricity, natural gas transmission, and the distribution of electricity. The primary area of operation of the company is the United States with its headquarters in San Francisco, California (Wynne, PG&E: Yield, Growth and Safety)
Leadership https://www.pge.com/en/about/newsroom/newsdetails/index.page?title=20161114_williams_elected_ceo_and_president_of_pge_corporation__as_part_of_leadership_succession_plan …show more content…
William was serving as the president for the Corporations subsidiary company Electric of Pacific Gas and Electric Company. Pacific Gas and Electric Company is now headed by Nick Stavropoulos who serves as the President and Chief Operating Officer alongside him is Lauri M. Giammona, Senior Vice President and Chief Customer Officer. Both companies have various vice presidents. The leadership is divided into specific areas under different teams with team leaders. (PG&E Corporation)
Market
PG&E prides itself in being able to provide its customers with electrify like no other due to their strong distribution network. They have approximately “106,681 circuit miles of electric distribution lines and 18,466 circuit miles of interconnected transmission lines (PG&E, 2016).” There distribution is capable of doing so by utilizing there 58 transmission switching stations and over 600 distution substations. They also have a total of 42,141 miles of natural gas pipelines, 6,438 transportation pipelines and over 5.4 million electric customers. …show more content…
These agencies have set regulations to control the companies that provide these services to the country and are legally binding and each corporation or company must comply with the regulations or face penalties. The regulatory environment is composed of the regulations posted by California Public Utilities Commission (CPUC), the Federal Energy Regulatory Commission (FERC) and the Nuclear Regulatory Commission (NRC) (Fischbach, 2013).
In addition, the Energy Policy Act of 2005 states that “if a company fails to abide by the compulsory electric reliability standard then they could be fined up to $1 million each day for each violation (Madani & Meliopoulos, 2014). The compulsory electric reliability standard refers to protecting bulk power systems interference from cyber and/or physical harm.
The regulations can be compared to technology in a way, they are always evolving. Also, with the continuous changing in the energy market the constant battle for companies to stay within compliance is a daunting task in itself. This makes companies vulnerable to fines and penalties at any given moment.
Critical