Pacific Gas & Electric Co. · NYSE:PCG
Pacific Gas & Electric — PG&E — Barclays Capital CEO Energy - Power Conference 2011
12 slides from Pacific Gas & Electric's conference presentation, Sep 7, 2011
Slide 1: PG&E Corporation
PG&E Corporation Kent Harvey Chief Financial Officer, PG&E Corporation Barclays Capital CEO Energy - Power Conference September 7- 8, 2011 ®
Slide 2: Cautionary Language Regarding Forward-Looking Statements
Cautionary Language Regarding Forward-Looking Statements This presentation contains forward-looking statements regarding the estimated future costs Pacific Gas and Electric Company (“Utility”) will incur associated with its natural gas pipeline operations, including forecasted costs under the Utilit
Slide 3: Table of Contents
Table of Contents Incoming Chairman, CEO and Page 4 President Overview Key Ratemaking Proceedings Page 5 Gas Matters Page 6 Appendix Page 11 3
Slide 4: Tony Earley, Incoming Chairman of the Board, CEO and President
Tony Earley Incoming Chairman of the Board, CEO and President PG&E Corporation Start Date: September 13, 2011 Key Attributes & Experience: Industry veteran Operational experience (electric, gas and nuclear) Track record of working with stakeholders 4
Slide 5: Key Ratemaking Proceedings
Key Ratemaking Proceedings Proceeding Effective Through • General Rate Case 2013 (Electric and gas distribution, generation base revenues) • Gas Transmission & Storage Case 2014 (Gas transmission and storage base revenues) • Transmission Owner 13 Rate Case Late 2012(1) (Electric transmission base re
Slide 6: NTSB – Probable Cause and Next Steps
NTSB – Probable Cause and Next Steps On August 30, 2011, the NTSB determined that the probable cause of the San Bruno accident was: 1. Inadequate PG&E quality assurance and quality control in 1956 during the Line 132 relocation project 2. Inadequate PG&E pipeline integrity management program 26 reco
Slide 7: CPUC Rulemaking
CPUC Rulemaking Gas Pipeline Order Instituting Rulemaking • Focused on new standards and practices for safety and integrity of gas pipelines in California • As directed by the CPUC, California’s natural gas transmission operators developed and filed comprehensive pipeline pressure testing or replace
Slide 8: CPUC Rulemaking and Other Pipeline Costs 2010 - 2014
CPUC Rulemaking and Other Pipeline Costs 2010 - 2014 PG&E filed its $2.2 billion Pipeline Safety Enhancement Plan (PSEP) on August 26, 2011. Proposed costs for Phase 1 (2011-2014) and other pipeline-related costs Forecast Costs in $MM 2010 2011 2012 2013 2014 Total PSEP Expense 220.7 231.1 154.8 143
Slide 9: CPUC Investigation
CPUC Investigation Record Keeping Order Instituting Investigation • Examine PG&E’s gas transmission recordkeeping practices for compliance with regulatory standards • Determine whether deficient recordkeeping caused or contributed to the San Bruno pipeline accident OII will take into account NTSB fi
Slide 10: Estimated 2011 Financial Impacts of Gas Pipeline Matters
Estimated 2011 Financial Impacts of Gas Pipeline Matters 2011 Forecast Costs and Recoveries Related to Gas Pipeline Matters Third Party Insurance Incurred Costs Liability Accrual Recoveries 2010 Actual $63 million $220 million $0 2011 Actual(1) $126 million $59 million $60 million 2011 Estimated Ran
Slide 11: Appendix
Appendix ®
Slide 12: Key Regulatory Proceedings
Key Regulatory Proceedings Regulatory Case Docket # Expected Decision Date 2009 Energy Efficiency Incentive Claim A. 11-06-028 Schedule not yet adopted 2012-14 Demand Response Programs and A. 11-03-001 Decision anticipated by year end Budgets R.11-02-019 Gas Pipeline Safety Order Instituting Rulemak
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