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) — Non-Deal Roadshow (November 2010)
13 slides from Pacific Gas & Electric's roadshow presentation, Nov 30, 2010
Slide 1: PG&E Corporation Investor Meetings
® PG&E Corporation Investor Meetings November 30, 2010 - December 1, 2010 Kent Harvey Chief Financial Officer, PG&E Corporation Exhibit 99
Slide 2: Cautionary Language Regarding Forward-Looking Statements
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 assoc
Slide 3: Table of Contents
Table of Contents Regulatory Updates Page 4 2011 Financing Needs Page 9 San Bruno Update Page 10 Appendix Page 12
Slide 4: 2011 General Rate Case
2011 General Rate Case $ in millions Settlement Revenue Requirement Increase $395 Costs Moved to Separate Balancing Account Recovery $113 Costs Subject to Recovery in Other Proceedings $30 Costs Subject to Litigation in the GRC $44 Subtotal Including Costs Subject to Litigation or Separate Recovery
Slide 5: 2011 Gas Transmission and Storage Rate Case
2011 Gas Transmission and Storage Rate Case Sets revenue requirements, rates, terms and conditions for PG&E’s Gas Transmission and Storage services for 2011 - 2014 PG&E and all but one of the active parties are seeking approval of a settlement agreement Settlement revenue requirement: $514M for 2011
Slide 6: Manzana Wind Project
Manzana Wind Project Request to acquire, own, and operate the 189 - 246MW Manzana wind project in the Tehachapi region of Southern California Request: $900M capital at 246MW capacity Manzana Wind Project would be designed, developed, and constructed by Iberdrola Renewables, Inc. • PG&E proposes to m
Slide 7: FERC TO13 Filing
FERC TO13 Filing Sets revenue requirements for PG&E’s Electric Transmission business in 2011 Revenue Requirement Request: $1.026B Capital Expenditures: $810M If approved, revenues would provide for additional transmission capacity and increased maintenance and replacement work on substations to impr
Slide 8: Energy Efficiency Incentives
Energy Efficiency Incentives PG&E received incentive payments in 2008 & 2009 totaling $75 million (pre-tax) for savings achieved in the 2006-2008 program cycle Three proposed decisions have been issued for the final incentive payment for 2006-2008 program savings ALJ Pulsifer Proposed Decision (PD)
Slide 9: 2011 Financing Needs
2011 Financing Needs Capital Structure: 52% Equity and 48% Debt Internal Equity Sources 401(k) and DRIP Programs ~$200 million each year External Equity Equity Dribble Program initiated November 2010 Up to $400 million through 2011 2011 Utility Debt Financing Forecasted need in excess of $1 billion
Slide 10: San Bruno Update
San Bruno Update NTSB released preliminary report in October Final report expected in about a year, with possible interim reports Completed aerial resurvey of all 6,700 miles of transmission mains A full on-the-ground leak survey will be completed by year end Proposed Pipeline 2020 initiative Explor
Slide 11: San Bruno Financial Impact
San Bruno Financial Impact Range of Estimates: $220 - $400 million for third-party claims $100 - $150 million for direct costs Pre-tax charge to GAAP income in Q3 2010 of $238 million includes $220 million accrual for third-party claims Expect insurance will cover most third-party claims
Slide 12: Appendix
® Appendix
Slide 13: Regulatory Dockets and Expected Decision Dates
al Docket # Expected Decision Date [Transmission Owner ("TO") 13 Rate Case ER.10-2026-000 |Final decision is requested in Q3 2011 jal decisions for Track, Iland Ill expected in 2011 or [California. Long Term Procurement Plan (LTPP) R10-05.006 [fal Gecisons Nuclear Relicensing ‘A.10-01-022 [Final dec