SAN FRANCISCO, Calif.— Pacific Gas and Electric Company (PG&E) is offering additional support for business customers experiencing financial hardship as a result of the COVID-19 pandemic by offering temporary loan deferrals for customers with an active On-Bill Financing (OBF) loan under PG&E’s Energy Efficiency Financing program.
To help business customers, payments on the 0% interest loans can now be deferred for up to six months. These no interest loans allow business customers to replace old and worn-out equipment with energy efficient models.
“It’s important that our commercial customers, especially small and medium businesses, know about all the programs that we have to help them through these trying times. We want our business customers and the communities they are serving to know we are here to help and work together to begin restoring the state and local economies.” said Laurie Giammona, PG&E Senior Vice President and Chief Customer Officer.
On-Bill Financing customers who request deferment will see a reduction in their monthly OBF loan repayment to $0.01 during the 6-month deferral period. The loan repayment schedule will be extended by 6-months, so the full amount is repaid. PG&E has loaned more than $200 million to business customers through the program.
Small business customers with questions about an ongoing or upcoming project are encouraged to reach out to their account manager or PG&E’s Business Customer Service at 1-800-468-4743 .