This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

PG&E's Spending With Service Disabled Veteran-Owned Businesses Increased 300 Percent Over Last Five Years





SAN FRANCISCO, March 22, 2013 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) has been recognized by the National Veteran-Owned Business Association (NaVOBA) as one of the 10 best U.S. corporations open to working with veteran-owned businesses. This is the first time that PG&E has been included on this prestigious annual list, which honors the large corporations that most successfully engage the nation's three million veteran-owned businesses as suppliers.

"Earning this honor shows a company's dedication to veterans and demonstrates an understanding that doing business with veterans isn't just the right thing to do; it's a smart business decision," said Laxmi Lohm, Corporate Advocacy Director at the NaVOBA. "We're delighted to highlight and honor PG&E as one of the 10 Best Corporations for Veteran-Owned Businesses."

In 2012, PG&E's total spending with service disabled veteran-owned business enterprises reached an all-time high of $115 million, an increase of $35 million over 2011. Along with the other nine honorees, PG&E will be featured on the cover story of the April 2013 issue of NaVOBA's Vetrepreneur magazine.

"Through PG&E's supplier development program, we have access to technical assistance, training and networking. This demonstrates not only PG&E's leadership in providing opportunities to qualified veteran-owned businesses, but also its commitment to helping foster the growth of the local economy by keeping more business and jobs in California," said Randolph Sinnott, with the Sinnott, Puebla, Campagne & Curet APLC, a service disabled veteran-owned law firm based in Los Angeles, California.

Since 1981, PG&E's supplier diversity program has provided thousands of diverse businesses with opportunities to deliver products to PG&E. The utility recently announced that it achieved an all-time high of over $2 billion in spending with diverse suppliers in 2012, accounting for 38.8 percent of its total procurement budget. For information on PG&E's supplier diversity program or to learn how to apply to become a certified diverse supplier, visit www.pge.com/supplierdiversity/.

"PG&E is extremely honored to be named one of the best 10 corporations for veteran-owned businesses," said Joan Kerr, Director of Supplier Diversity and Supplier Development at PG&E. "This recognition helps validate the company's efforts to enlist diverse suppliers that help our employees meet and exceed their goals to provide safe, reliable and affordable gas and electric service to our customers."

Recently PG&E was also designated a "2013 Top 100 Military-Friendly Employer" by G.I. Jobs magazine. That marked the second time the utility was included in the annual list, which is based on the strength of military-recruiting efforts, percentage of new hires with prior military service, retention programs and company policies on National Guard and Reserve service.

Veterans have made up about seven percent of PG&E hires since 2010. The utility has offered seven veteran-only courses through its PowerPathway™ career and technical training program. Of the 200 students who attended the courses, 72 percent were hired by PG&E or other energy-industry companies.

PG&E also established a Veterans Employee Resource Group in 2011 to educate, support and develop PG&E employees with military experience as well as their supporters. More than 270 employees joined the group, which is open to all workers regardless of veteran status.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,965.74 +53.63 0.32%
S&P 500 1,969.95 -8.96 -0.45%
NASDAQ 4,442.6980 -2.2110 -0.05%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs