|
California
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1-12609
|
94-3234914
|
|
(State
or other jurisdiction of
incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
|
One
Market, Spear Tower, Suite 2400, San Francisco,
CA
|
94105
|
|
|
(Address
of principal executive offices)
|
(Zip
code)
|
|
|
California
|
1-2348
|
94-0742640
|
|
(State
or other jurisdiction of
incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
|
77
Beale Street, P. O. Box 770000, San Francisco, CA
|
94177
|
|
|
(Address
of principal executive offices)
|
(Zip
code)
|
|
|
[ ]
|
|
Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
|
|
[ ]
|
Soliciting
Material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
|
|
[ ]
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange
Act
(17
CFR 240.14d-2(b)
|
|
|
[ ]
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange
Act
(17
CFR 240.13e-4(c))
|
| · |
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, 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
by 2007;
|
| · |
Whether
the Utility is able to recognize the anticipated cost benefits and
savings
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 California Public Utilities Commission (CPUC), including
the CPUC’s pending investigation into the Utility’s billing and collection
practices;
|
| · |
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;
|
| · |
The
outcome of the litigation pending against the Utility in California
state
court involving allegations of injury allegedly caused by exposure
to
chromium at certain of the Utility's gas compressor stations and
other
pending litigation;
|
| · |
Increased
municipalization and other forms of bypass in the Utility’s service
territory; and
|
| · |
Other
factors discussed in PG&E Corporation's SEC
reports.
|
|
PG&E
CORPORATION
|
|
|
By:
|
/s/
G. ROBERT
POWELL
|
|
G.
ROBERT POWELL
Vice
President and Controller
|
|
|
PACIFIC
GAS AND ELECTRIC COMPANY
|
|
|
By:
|
/s/
G. ROBERT
POWELL
|
|
G.
ROBERT POWELL
Vice
President and Controller
|
|
|
No.
|
|
Description
of Exhibit
|
|
99.1
|
PG&E
Corporation Press Release Dated February 17, 2006
|
|
|
99.2
|
Additional
Supplemental Financial Information
|