Pacific Gas & Electric Co. · NYSE:PCG
Pacific Gas & Electric — PG&E — Wolfe Research Utilities, Midstream & Clean Energy Conference 2024
6 slides from Pacific Gas & Electric's conference presentation, Oct 1, 2024
Slide 1: Wolfe Research Utilities, Midstream & Clean Energy Conference 2024
Wolfe Research Utilities, Midstream & Clean Energy Conference 2024 Delivering For Customers AND Investors October 1, 2024 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains statements regarding PG&E Corporation’s and Pacific Gas and Electric Company’s (the “Utility”) future performance, including expectations, objectives, and forecasts about rate base growth, capital expenditures, cost savings, and customer bills. T
Slide 3: PG&E Power Pyramid
PG&E Power Pyramid… Decarbonized Energy System Affordable and Resilient Energy Physical and Financial Safety …Delivering For Customers AND Investors 3
Slide 4: AB 1054 In California
AB 1054 In California… Exhibit E: PG&E Corporation's 2020 and 2021 Earnings Guidance Physical Risk Protections Offered Under AB 1054 Reduction Drives Financial Protections Liquidity Cost Recovery Reimbursement Available when needed Improved prudency standard1 Maximum liability capped Physical Risk 1
Slide 5: Our Simple, Affordable Model
Our Simple, Affordable Model… PLAN1 OPPORTUNITY1 Customer Capital Investment ~9% 9% - 10% Enablers O&M cost reduction (non-fuel)2 2% 2% 2% -- 3% 3% Electric load growth3 1% - 3% 2% 2% -- 4% 4% Other (including efficient financing)4 2% 2% 2% Subtotal 5% - 7% 6% - 9% Customer Bills: At or 2% - 4% 1% -
Slide 6: Appendix 1: Presentation Endnotes
Appendix 1: Presentation Endnotes Slide titles are hyperlinks Slide 4: AB 1054 In California 1. Prior to the enactment of AB 1054, utilities bore the burden of proving that their conduct was reasonable in order to obtain recovery of costs through rates. AB 1054 changed the standard so that the condu
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