|
California
|
1-12609
|
94-3234914
|
|
(State
or other jurisdiction of
incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
|
California
|
1-2348
|
94-0742640
|
|
(State
or other jurisdiction of
incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
|
Amounts
requested by the Utility
|
Amounts
included in the settlement agreement
|
Difference
between amounts requested and included in the settlement
agreement
|
Amount
of increase/decrease over 2006 authorized amounts
|
||||||||||
|
Operation
& Maintenance
|
$
|
1,093.7
|
$
|
1,079.2
|
$
|
(14.4
|
)
|
$
|
112.1
|
||||
|
Customer
Services
|
437.7
|
431.1
|
(6.6
|
)
|
6.9
|
||||||||
|
Administrative
& General and Other Adjustments
|
741.5
|
708.7
|
(32.8
|
)
|
55.2
|
||||||||
|
Payroll
Tax, Franchise & Uncollectibles
|
138.0
|
134.6
|
(3.4
|
)
|
17.1
|
||||||||
|
Depreciation,
Return, & Taxes
|
2,828.9
|
2,705.1
|
(123.8
|
)
|
49.9
|
||||||||
|
Subtotal
|
5,239.8
|
5,058.8
|
(181.0
|
)
|
241.3
|
||||||||
|
Less:
Other Operating Revenue and FERC Allocation
|
(131.0
|
)
|
(131.7
|
)
|
(0.9
|
)
|
(28.5
|
)
|
|||||
|
Total
CPUC Billed Revenue
|
5,108.8
|
4,927.0
|
(181.8
|
)
|
212.7
|
||||||||
| · |
Unanticipated
changes in operating expenses or capital expenditures, which may
affect
the Utility’s ability to earn its authorized rate of return;
|
| · |
How
the Utility manages its responsibility to procure electric capacity
and
energy for its customers;
|
| · |
The
adequacy and price of natural gas supplies, and the ability of the
Utility
to manage and respond to the volatility of the natural gas market
for its
customers;
|
| · |
The
operation of the Utility’s Diablo Canyon nuclear power plant, which could
cause the Utility to incur potentially significant environmental
costs and
capital expenditures, and the extent to which the Utility is able
to
timely increase its spent nuclear fuel storage capacity at Diablo
Canyon;
|
| · |
Whether
the Utility is able to recognize the benefits expected to result
from its
efforts to improve customer service through implementation of specific
initiatives to streamline business processes and deploy new technology;
|
| · |
The
outcome of proceedings pending at the Federal Energy Regulatory Commission
(FERC) and the CPUC, including the Utility’s 2007 GRC and the Utility’s
application for approval of new long-term generation resource commitments;
|
| · |
How
the CPUC administers the capital structure, stand-alone dividend,
and
first priority conditions of the CPUC’s decisions permitting the
establishment of holding companies for the California investor-owned
electric utilities, and the outcome of the CPUC's new rulemaking
proceeding concerning the relationship between the California
investor-owned energy utilities and their holding companies and
non-regulated affiliates;
|
| · |
The
impact of the recently adopted Energy Policy Act of 2005 and future
legislative or regulatory actions or policies affecting the energy
industry;
|
| · |
Increased
municipalization and other forms of bypass in the Utility’s service
territory; and
|
| · |
Other
factors discussed in PG&E Corporation's SEC reports.
|
|
Exhibit
99
|
PG&E
Corporation investor presentation slides dated August 21,
2006
|
|
|
|
PG&E
CORPORATION
|
||
|
Dated:
August 21, 2006
|
|
By:
|
|
/s/
G. Robert Powell
|
|
|
|
G.
ROBERT POWELL
Vice
President and Controller
|
||
|
|
|
PACIFIC
GAS AND ELECTRIC COMPANY
|
||
|
Dated:
August 21, 2006
|
|
By:
|
|
/s/
G. Robert Powell
|
|
|
|
G.
ROBERT POWELL
Vice
President and Controller
|
||
|
No.
|
|
Description
of Exhibit
|
|
Exhibit
99
|
PG&E
Corporation investor presentation slides dated August 21,
2006
|