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Cautionary Language Regarding
Forward-Looking Statements
This presentation contains forward-looking statements regarding the anticipated outcome and timing
of various regulatory proceedings involving Pacific Gas and Electric Company (“Utility”), estimated
losses and future insurance recoveries associated with the natural gas explosion and fire that
occurred in a residential area of San Bruno, California on September 9, 2010 (“San Bruno Accident”),
and forecasts of equity and debt financing for 2011. These statements are based on various
assumptions and management’s current knowledge of relevant facts. Actual results could differ
materially based on various factors, including:
– the outcome of pending and future regulatory or legislative proceedings or investigations, including the
investigations by the National Transportation Safety Board (“NTSB”) and the California Public Utilities
Commission (“CPUC”) into the cause of the San Bruno Accident and the safety of the Utility’s natural gas
transmission pipelines in its northern and central California service territory, the CPUC’s investigation into the
natural gas explosion and fire that occurred on December 24, 2008 in a residential home in Rancho Cordova,
California, and whether the Utility is required to pay penalties, fines, or incur costs to comply with regulatory or
legislative mandates that it is unable to recover through rates or insurance;
– the extent to which PG&E Corporation or the Utility incurs costs in connection with third-party claims or litigation,
including those arising from the San Bruno Accident, that are not recoverable through insurance, rates, or from
other third parties;
– the ability of PG&E Corporation, the Utility, and counterparties to access capital markets and other sources of
credit in a timely manner on acceptable terms; and
– other factors and risks discussed in PG&E Corporation and the Utility’s 2009 Annual Report on Form 10-K and
other reports filed with the Securities and Exchange Commission.
