Pacific Gas & Electric Co. · NYSE:PCG
Pacific Gas & Electric — PG&E Corp (Pcg, Pcg-Pa, Pcg-Pb, Pcg-Pc, Pcg-Pd, Pcg-Pe, Pcg-Pg, Pcg-Ph, Pcg-Pi) — Bank of America-Merrill Lynch 2009 Power & Gas Leaders Conference
10 slides from Pacific Gas & Electric's conference presentation, Sep 22, 2009
Slide 1: Bank of America-Merrill Lynch 2009 Power & Gas Leaders Conference
Bank of America- Merrill Lynch 2009 Power & Gas Leaders Conference September 22, 2009 PG&E Corporation This presentation is not complete without the accompanying statements made by management on September 22, 2009. A replay is available on PG&E Corporation’s homepage at www.pge-corp.com.
Slide 2: Utility Macro Trends
Utility Macro Trends Carbon Constraints Readiness for Change Technology
Slide 3: We believe a low carbon economy is a certainty
We believe a low carbon economy is a certainty Energy Efficiency and Demand Response will play critical roles in filling future demand Carbon Response Utility tests technologies that deliver above-code savings California Energy Commission raises building and appliance codes and standards Utility Reb
Slide 4: Contracting for Renewable Resources
3 6 8 12 25 30 40 Annual Cumulative # of Contracts Contracting for Renewable Resources MW Geothermal Wind Bioenergy Solar Thermal 1,230 3,515 Solar PV % MW % MWh Solar/Biomass Small Hydro <1 <1
Slide 5: Opportunities for Renewable Energy
Opportunities for Renewable Energy We believe higher RPS standards loom on the horizon We see future opportunities in Renewable Energy
Slide 6: Opportunities in New Technology
Opportunities in New Technology • PG&E has the largest deployment of Advanced Metering Infrastructure (AMI) nationwide • This technology will lead to enhanced capabilities for customers over time • It is the first step toward the Smart Grid
Slide 7: California's Future
California’s Future • PG&E continues to focus on the safe and reliable delivery of energy • We plan for the prudent management of customer rates • We believe that this is the right time to invest in California’s future
Slide 8: Satisfied Regulators Rewarded Shareholders Delighted Customers
Satisfied Regulators Rewarded Shareholders Delighted Customers OUR VISION The leading utility in the United States Virtuous Circle
Slide 9: PCG Investment Case
PCG Investment Case • PCG is focused on better service to our customers, which is the foundation of our growth: • Substantial Cap Ex Program • Manageable financing requirements • Decoupled revenues • Pass-through of procurement costs • 11.45% weighted ROE on 52% equity • Low carbon footprint
Slide 10: Forward-looking statements
This presentation contains statements and assumptions about future growth opportunities and events that are forward-looking statements based on current expectations which management believes are reasonable. These statements and assumptions are necessarily subject to various risks and uncertainties,