Posted on September 28, 2015

PG&E Named to Hispanic Chamber of Commerce’s ‘Million Dollar Club’

By Tony Khing

For the second consecutive year, PG&E was honored for its commitment to investing money with Hispanic-owned businesses.

The utility recently was named to the U.S. Hispanic Chamber of Commerce’s “Million Dollar Club” for spending $477 million with Hispanic-owned businesses in 2014.

The club was established to recognize corporations and executives who demonstrate an unwavering commitment to Hispanic business enterprises through their work with Hispanic suppliers.

“Our many business partnerships, including those in the Hispanic community, have helped these enterprises to grow, hire and strengthen California’s economy,” said Gun Shim, PG&E vice president of supply chain management. “These relationships not only reflect our diverse customer base, but also help us work together in building a better California to deliver safe, reliable, affordable and clean energy.”

PG&E has spent more than $2 billion with diverse suppliers for three consecutive years. In fact, diverse suppliers have accounted for more than 40 percent of the utility’s total spend for two straight years. PG&E has also surpassed the California Public Utilities Commission’s diverse spending goal of 21.5 percent for nine consecutive years.

In the last five years, PG&E’s total spend with Hispanic-owned businesses has increased 86 percent ($477,513,257 in 2014 from $256,408,228 in 2010). In that same period, spend with Hispanic male-owned enterprises has gone up 93 percent ($366,147,457 from $189,869,798) and Hispanic female-owned enterprises spend has seen a 67 percent rise ($111,365,800 from $66,538,430).

Over the past 12 months, PG&E has been active in strengthening and improving relationships with its diverse suppliers. For example, the utility has played host to business-building workshops for veteran-, African-American-, LGBT- and Hispanic-owned enterprises. Earlier this year, PG&E was recognized as one of America’s top corporations for support of women’s business enterprises in 2014 by the Women’s Business Enterprise National Council.

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"PG&E" refers to Pacific Gas and Electric Company, a subsidiary of PG&E Corporation.
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