Referenced Stocks

PG&E Expands Plans to Relocate Gas Operations Personnel, Adds Electric Transmissions

By Midnight Trader,  October 04, 2012, 07:01:43 AM EDT

PG&E Corporation's ( PCG ) subsidiary Pacific Gas and Electric Company has signed a 10-year lease on additional space at Bishop Ranch in San Ramon, Calif., adjacent to 6121 Bollinger Canyon Road, which the company acquired in March 2012 to build a gas control center.

The new facility, 6111 Bollinger Canyon Road, will now accommodate approximately 700 staff from gas operations and electric transmission operations in more than 145,000 square feet.

PG&E determined that its electric transmissions operations would be "enhanced" by relocating from the aging building at 1919 Webster in Oakland to a more modern and larger office.

PCG edged up by 2 cents to $42.53 in the after-hours trade, moving closer to year high $47.03.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: PCG



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