This presentation contains forward-looking statements regarding anticipated electric resources and funding for and savings from energy efficiency and demand response
programs. These statements are based on current expectations and various assumptions which management believes are reasonable. These statements and
assumptions are necessarily subject to various risks and uncertainties the realization or resolution of which are outside of management's control. Actual results may differ
materially. Factors that could cause actual results to differ materially include:
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The Utility’s ability to timely recover costs through rates;
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The outcome of regulatory proceedings, including ratemaking proceedings pending at the CPUC and the FERC;
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Changes in demand for electricity and natural gas;
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The adequacy and price of electricity and natural gas supplies, and the ability of the Utility to manage and respond to the volatility of the electricity and natural gas
markets;
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The effect of weather, storms, earthquakes, fires, floods, disease, other natural disasters, explosions, accidents, mechanical breakdowns, acts of terrorism, and other
events or hazards on the Utility’s facilities and operations, its customers and third parties on which the Utility relies;
•
The general economic climate and population growth or decline in Northern and Central California;
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The potential impacts of climate change on the Utility’s electricity and natural gas operations;
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Unanticipated population growth or decline, general economic and financial market conditions, and changes in technology including the development of alternative
energy sources, all of which may affect customer demand for natural gas or electricity;
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The performance and the occurrence of unplanned outages at the Utility’s Diablo Canyon nuclear generating facilities, or the temporary or permanent cessation of
operations at Diablo Canyon;
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The ability of the Utility to recognize benefits from its initiatives to improve its business processes and customer service;
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The ability of the Utility to timely complete its planned capital investment projects;
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The impact of changes in federal or state laws, or their interpretation, on energy policy and the regulation of utilities and their holding companies;
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The impact of changing wholesale electric or gas market rules, including the California Independent System Operator’s, or CAISO’s, new rules to restructure the
California wholesale electricity market;
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How the CPUC administers the conditions imposed on PG&E Corporation when it became the Utility’s holding company;
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The extent to which PG&E Corporation or the Utility incurs costs in connection with pending litigation that are not recoverable through rates, from third parties, or
through insurance recoveries;
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The ability of PG&E Corporation and/or the Utility to access capital markets and other sources of credit;
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The impact of environmental laws and regulations and the costs of compliance and remediation;
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The effect of municipalization or other forms of bypass; and
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Other factors discussed in PG&E Corporation's and Pacific Gas and Electric Company’s SEC reports.
Cautionary Statement Regarding Forward-Looking
Information
