PG&E pays more than $28.7M to Valley counties

Pacific Gas and Electric Company has paid the four Central Valley counties more than $28.7 million in total payments year-to-date during the 2012-13 tax year and more than $314 million to the state as a whole.

The utility company paid $18 million more in property taxes alone than the previous tax year. The majority of the payments were property taxes and franchise fees. Half of the payments were made on a second installment submitted on April 10.

"Local governments are working hard to provide public safety, health care and education with limited financial resources," said Kent Harvey, PG&E's senior vice president and chief financial officer, in a release. "Our timely and substantial payments for property taxes and franchise fees will help communities afford those vital services. Our ongoing investments in infrastructure are not only benefitting customers but also communities as a result of the increased tax payments associated with these investments."

Of the four counties, Fresno County received the largest amount of $22.9 million for the year, followed by Madera County with $3.2 million, Kings County with $1.8 million and Tulare County with $802,117.