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UNITED
STATES
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SECURITIES
AND EXCHANGE COMMISSION
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Washington,
D.C. 20549
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FORM
8-K
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CURRENT
REPORT
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Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of
1934
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Date
of Report:
February
8, 2007
(Date
of earliest event reported)
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PG&E
CORPORATION
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(Exact
Name of Registrant as specified in Charter)
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California
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1-12609
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94-3234914
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||
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer
Identification
No.)
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One
Market, Spear Tower, Suite 2400, San Francisco,
CA
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94105
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(Address
of principal executive offices)
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(Zip
code)
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415-267-7000
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(Registrant’s
Telephone Number, Including Area Code)
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N/A
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(Former
Name or Former Address, if Changed Since Last Report)
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PACIFIC
GAS AND ELECTRIC COMPANY
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||||
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(Exact
Name of Registrant as specified in Charter)
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California
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1-2348
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94-0742640
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||
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(State
or other jurisdiction of incorporation)
|
(Commission
File Number)
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(IRS
Employer
Identification
No.)
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||
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77
Beale Street, P. O. Box 770000, San Francisco,
California
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94177
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(Address
of principal executive offices)
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(Zip
code)
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(415)
973-7000
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(Registrant’s
Telephone Number, Including Area Code)
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||||
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N/A
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||||
|
(Former
Name or Former Address, if Changed Since Last Report)
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|
Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under
any
of the following provisions (see General Instruction A.2.
below):
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[ ]
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|
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)
|
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange
Act
(17
CFR 240.13e-4(c))
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·
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The
Utility’s ability to timely recover costs through rates;
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·
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The
outcome of regulatory proceedings, including ratemaking proceedings
pending at the California
Public Utilities Commission (CPUC) and the Federal Energy Regulatory
Commission (FERC);
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·
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Changes
in demand for electricity and natural gas;
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·
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The
adequacy and price of electricity and natural gas supplies, and the
ability of the Utility to manage and respond to the volatility of
the
electricity and natural gas markets;
|
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·
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The
effect of weather, storms, earthquakes, fires, floods, disease, other
natural disasters, explosions, accidents, mechanical breakdowns,
acts of
terrorism, and other events or hazards on the Utility’s facilities and
operations, its customers and third parties on which the Utility
relies;
|
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·
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The
general economic climate and population growth or decline in Northern
and
Central California;
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·
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The
potential impacts of climate change on the Utility’s electricity and
natural gas operations;
|
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·
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Unanticipated
population growth or decline, general economic and financial market
conditions, and changes in technology including the development of
alternative energy sources, all of which may affect customer demand
for
natural gas or electricity;
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·
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The
performance and the occurrence of unplanned outages at the Utility’s
Diablo Canyon nuclear generating facilities, or the temporary or
permanent
cessation of operations at Diablo Canyon;
|
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·
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The
ability of the Utility to recognize benefits from its initiatives
to
improve its business processes and customer service;
|
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·
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The
ability of the Utility to timely complete its planned capital investment
projects;
|
|
·
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The
impact of changes in federal or state laws, or their interpretation,
on
energy policy and the regulation of utilities and their holding
companies;
|
|
·
|
The
impact of changing wholesale electric or gas market rules, including
the
California Independent System Operator’s
new rules, to restructure the California wholesale electricity
market;
|
|
·
|
How
the CPUC administers the conditions imposed on PG&E Corporation when
it became the Utility’s holding company;
|
|
·
|
The
extent to which PG&E Corporation or the Utility incurs costs in
connection with pending litigation that are not recoverable through
rates,
from third parties, or through insurance recoveries;
|
|
·
|
The
ability of PG&E Corporation and/or the Utility to access capital
markets and other sources of credit;
|
|
·
|
The
impact of environmental laws and regulations and the costs of compliance
and remediation;
|
|
·
|
The
effect of municipalization or other forms of bypass;
and
|
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·
|
Other
factors discussed in PG&E Corporation’s and Pacific Gas and Electric
Company’s SEC reports.
|
|
Exhibit
99
|
PG&E
presentation slides used in investor discussions held on February
8,
2007
|
|
|
|
PG&E
CORPORATION
|
||
|
Dated:
February 8, 2007
|
|
By:
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/s/
G. Robert Powell
|
|
|
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G.
ROBERT POWELL
Vice
President and Controller
|
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PACIFIC
GAS AND ELECTRIC COMPANY
|
||
|
Dated:
February 8, 2007
|
|
By:
|
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/s/
G. Robert Powell
|
|
|
|
G.
ROBERT POWELL
Vice
President and Controller
|
||
|
No.
|
|
Description
of Exhibit
|
|
Exhibit
99
|
PG&E
presentation slides used in investor discussions held on February
8,
2007
|