This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

PG&E Named "Corporation Of The Year" For Supporting Minority Business Development

SAN FRANCISCO, April 22, 2013 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) has been named  "Corporation of the Year" for the third year in a row by the Northern California Minority Supplier Development Council (NCMSDC) for the utility's consistently strong commitment to minority business development.  

This year, more than 40 companies and certified minority business enterprises (MBEs) competed for 11 distinguished awards. In addition to the "Corporation of the Year" award, Joan Kerr, director of supplier diversity and sustainability at PG&E, won the "Supplier Diversity Leader of the Year" award for her exceptional leadership in improving the overall participation of minority suppliers in the utility's supply chain. PG&E's procurement specialist Cynthia Olson also won the "Corporate Buyer of the Year" award for her championship of including minority suppliers in the procurement process within PG&E.

"Once again, PG&E's inclusion of minority businesses in the procurement process demonstrates an enduring commitment to diversity and community development. Such commitment continues to come with top-down support and genuine corporate stewardship," said NCMSDC President Scott A. Vowels. "I commend PG&E and the winners of NCMSDC's Excellence in Supplier Diversity Awards for their ongoing leadership."

PG&E 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. PG&E's total spending on minority-owned business enterprises also reached an all-time high of $1.3 billion, an increase of $262 million or 25.7 percent over 2011.

"Having a broad and diverse supplier base reinforces our commitment to the communities where we live and work, and helps us to provide safe, reliable and affordable gas and electric service to our customers." said PG&E's Kerr. "I am proud to lead a Supplier Diversity Program that is supported by so many PG&E employees dedicated to including diverse suppliers in all aspects of our business operations."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!
SYM TRADE IT LAST %CHG

Markets

DOW 18,096.90 -106.47 -0.58%
S&P 500 2,098.62 -9.16 -0.43%
NASDAQ 4,967.1410 -12.76 -0.26%

Partners Compare Online Brokers

Free Reports

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