Pacific Gas & Electric Co. · NYSE:PCG
Pacific Gas & Electric — PG&E — Wolfe Research Power & Gas Leaders Conference 2013
8 slides from Pacific Gas & Electric's conference presentation, Sep 24, 2013
Slide 1: PG&E Corporation: Company Update and Renewable Energy in California
PG&E Corporation Company Update and Renewable Energy in California Tony Earley, Chairman, CEO, and President September 24, 2013 This package is not complete without the accompanying statements made by management during the webcast presentation on September 24, 2013. This package was attached to PG&E
Slide 2: Key Focus Areas
Key Focus Areas Position company Resolve gas issues Partner effectively for success • Execute critical gas • Rigorous multi-year • Strengthen local work planning presence • Complete regulatory • Drive continuous • Engage in public and legal proceedings improvement policy as soon as possible developm
Slide 3: Gas Safety Work
Gas Safety Work PG&E Service Territory Pipeline Safety Improvements * Eureka Eureka to Hydrostatic Testing 486 miles Bakersfield: ~ 545 miles Pipeline Replacement 59 miles Smart Pig Retrofits 39 miles Valve Automation 78 valves Bakersfield * Pipeline work 2011 through June 30, 2013 PG&E shareholders
Slide 4: Gas Pipeline Regulatory Activity
Gas Pipeline Regulatory Activity Recent Developments Next Steps August 21 – CPUC issued 2 Orders to September 26 – parties recommend Show Cause regarding gas pipeline CPUC action on procedural issue records and CPUC notification of errors in recommendations (filing of errata) Rulemaking records resu
Slide 5: PG&E's Renewable Portfolio Evolution
PG&E’s Renewable Portfolio Evolution Solar represents the vast majority of the growth in the RPS portfolio 2002 2012 2020 Projected Total RPS-Eligible Total RPS-Eligible Projected RPS-Eligible Procurement Procurement Procurement 7,504 GWh ~14,500 GWh ~26,500 GWh Note: Generic means PG&E will procure
Slide 6: PG&E's Electric Generation Portfolio
PG&E’s Electric Generation Portfolio 2012 Portfolio 2020 Projected Portfolio >60% Carbon Free Nuclear Nuclear 21% 20% Natural Gas and Other Hydro 36% Hydro (Large) Natural Gas (Large) 11% and Other* 11% 49% Renewable Renewable 19% 33% Total GWh: 76,000 Total GWh: 81,000 *Note: Other includes market
Slide 7: Renewables Require More Flexibility in the System
Renewables Require More Flexibility in the System Operational Challenges Policy Challenges • Integrating wind and solar • California needs regulatory generation requires decisions on renewable additional quick start and integration – CPUC, CAISO ramping (up/down) capacity and others working together
Slide 8: Targeting Operational and Ratemaking Flexibility
Targeting Operational and Ratemaking Flexibility Purchased Power • Enhance physical capability (retrofits) PG&E • Ensure contractual conditions enable realizing physical capability Portfolio Utility Owned Generation • Oakley plant (in service 2016 or 2017) to provide an additional quick starting, fl
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