Pacific Gas & Electric Co. · NYSE:PCG
Pacific Gas & Electric — PG&E — Bank of America - Merrill Lynch 2009 Power & Gas Leaders Conference
10 slides from Pacific Gas & Electric's conference presentation, Sep 22, 2009
Slide 1: PG&E Corporation
PG&E Corporation Bank of America- Merrill Lynch 2009 Power & Gas Leaders Conference September 22, 2009 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 Technology Constraints Readiness for Change 2009 2
Slide 3: Carbon Response
Carbon Response We believe a low carbon economy is a certainty Energy Efficiency and Demand Response will play critical roles in filling future demand Utility tests technologies California Energy that deliver above-code Commission raises savings building and appliance codes and standards Utility Reb
Slide 4: Contracting for Renewable Resources
Contracting for Renewable Resources 4000 % % MW MW MWh Annual Cumulative 3500 Geothermal 493 14 25 Wind 778 22 18 3000 Bioenergy 129 4 7 <1 <1 Small Hydro 1 2500 Solar Thermal 1,230 35 30 Solar/Biomass 107 3 6 40 MW 2000 Solar PV 777 22 14 3,515 1500 30 1000 25 10 5 500 # of Contracts 12 13 3 6 2 8
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 5
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 6
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 7
Slide 8: Virtuous Circle
Virtuous Circle Delighted Customers OUR VISION The leading utility in the United Rewarded States Satisfied Shareholders Regulators 8
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 9
Slide 10: Cautionary Language Regarding Forward-Looking Statements
Cautionary Language Regarding 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
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