In the face of California’s mounting electricity crisis, Pacific Gas & Electric Co. announced it was suspending its corporate philanthropy, the San Francisco Chronicle reported May 7.
The financially troubled utility, which gives $7 million a year to hundreds of charities, said it hoped to resume making grants.
Charities such as United Way Silicon Valley already have braced themselves for a tough year because of the slumping economy and PG&E’s financial troubles, the Chronicle said.
The United Way’s annual campaign, which was running 8 percent ahead of last year as of Jan. 1, now is running 4 percent behind last year..
The group is not counting on PG&E to renew last year’s $170,000 gift.
For full story, go to the San Francisco Chronicle.