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4-Traders Homepage  >  Equities  >  Nyse  >  PG&E Corporation    PCG

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PG&E : SF Giants and PG&E Illuminate AT&T Park with Hundreds of New Energy Efficient LED Lights

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09/14/2017 | 12:01am CET

The San Francisco Giants and PG&E celebrate another “green" milestone at AT&T Park. A recent lighting project resulted in a home run of energy savings for AT&T Park and the Giants. In partnership with PG&E, the ballpark recently upgraded more than 556 traditional light bulbs to new energy efficient LED lights. The switch resulted in an energy savings of 290,466 kilowatt hours during the regular baseball season, which is the same amount of energy it takes to power 30 homes. The upgrade also resulted in a rebate of about $260,000.

“We are thrilled to continue our partnership with the Giants and AT&T Park as they’ve proven to be champions not only on the baseball field, but champions of the environment as well. By installing hundreds of new energy efficient LED lights, we are helping the Giants continue to shrink their carbon footprint and save money,” said Laurie Giammona, senior vice president and Chief Customer Officer at PG&E.

With the help of PG&E, AT&T Park has become an industry leader in environmental responsibility. In 2010, AT&T Park was the first existing Major League Baseball (MLB) ballpark to achieve U.S. Green Building Council Certification for Leadership in Energy and Environmental Design (LEED) for Existing Buildings, raising that status from silver to gold in recent years. And the sustainability efforts haven’t slowed down.

“As an organization, sustainability has always been a top priority for us and PG&E has been a key partner in helping us achieve that goal throughout the years. The new lighting system is the latest step in our continued efforts,” said Giants President & CEO Larry Baer.

In addition to the newly-installed LED lights, fans will find a variety of existing energy innovations at AT&T Park. Solar panels that generate clean, renewable electricity were installed in 2007. The system creates enough energy to power 5,200 average homes. Even the concession stands serving garlic fries are green. The stands use cooking equipment that reduces oil consumption by 32 percent and cuts energy costs by more than half.

In 2016, the park recycled 289 tons, which is more than 95 percent of its waste. And approximately 4,000 pounds of peanut shells are collected after each game, ground up and given to local farmers to use as fertilizer.

MLB has taken notice of the sustainability efforts. The Giants have won MLB’s prestigious Green Glove award for nine years in a row, given to the team leader in recycling and general sustainability initiatives.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric utilities in the United States. Based in San Francisco, with more than 20,000 employees, the company delivers some of the nation’s cleanest energy to nearly 16 million people in Northern and Central California. For more information, visit www.pge.com/ and pge.com/news.


© Business Wire 2017
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Financials ($)
Sales 2017 17 729 M
EBIT 2017 3 358 M
Net income 2017 1 858 M
Debt 2017 18 968 M
Yield 2017 3,94%
P/E ratio 2017 14,43
P/E ratio 2018 15,37
EV / Sales 2017 2,60x
EV / Sales 2018 2,61x
Capitalization 27 084 M
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Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 65,4 $
Spread / Average Target 24%
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Managers
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Geisha J. Williams President, Chief Executive Officer & Director
Anthony F. Earley Executive Chairman
Jason P. Wells Chief Financial Officer & Senior Vice President
Richard A. Meserve Independent Director
Barbara L. Rambo Independent Director
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