U.S. regulated utility company · large-cap · listed on the NYSE · headquartered in Northern California.
Clue 2 · The Numbers
It serves roughly 16 million people across California and generates revenue of about $24 billion a year — making it one of the largest utility companies in the country.
Clue 3 · The History
Founded in the early 1900s, it grew by stitching together gas and electric services across California — and filed for bankruptcy not once, but twice in two decades.
Clue 4 · The Secret
Its aging power lines have been blamed for sparking some of the most destructive wildfires in California history, leading to billions in liability and a landmark criminal guilty plea.
Clue 5 · The Lore
The 2018 Camp Fire — the deadliest in California's recorded history, destroying the town of Paradise — was traced back to its faulty transmission equipment.
Clue 6 · The Giveaway
If you live in the Bay Area or Central Valley, this company's name is on your gas and electric bill — and probably on a few angry bumper stickers too.