2010 FERC Form 1 - Pacific Gas and Electric Company

Name of Respondent
PACIFIC GAS AND ELECTRIC COMPANY
This Report is:
(1) X An Original
(2) A Resubmission
Date of Report
(Mo, Da, Yr)
04/08/2011
Year/Period of Report
2010/Q4
IMPORTANT CHANGES DURING THE QUARTER/YEAR (Continued)
The revolving credit facility also provides liquidity support for commercial
paper offerings. At December 31, 2010, the Utility had $603 million of
commercial paper outstanding. The short-term borrowings are authorized by CPUC
Decision No. 04-10-037 as modified by Decision Nos. 05-04-023, 06-11-006 and
09-05-002.
Refer to Note 4, Debt, of the Notes to Financial Statements on page 123 of the
FERC Form 3-Q.
c) Surety Bonds and Financial Guarantees Backed by Insurance:
From October 1, 2010 through December 31, 2010, $865,000 in surety bonds was
authorized by CPUC Decision No. 08-10-013. At December 31, 2010, there was
$11,959,000 in long-term surety bond obligations outstanding.
d) Capital Support:
CCPUC Decision No. 91-12-057 (as modified by Decision No. 99-04-068) authorized
the Utility to provide capital support to regulated and unregulated subsidiaries.
At December 31, 2010, the Utility has no outstanding future capital commitments
to unregulated subsidiaries and affiliates.
e) Preferred repayments: None
7. Changes in articles of incorporation or amendments to charter. Explain the nature
and purpose of such changes or amendments:
None.
8. State the estimated annual effect and nature of any important wage scale changes
during the period:
As provided for in labor agreements with the International Brotherhood of Electrical
Workers (“IBEW”), Local 1245, representing a majority of the Utility’s employees in
physical and clerical classifications; the Engineers and Scientists of California
(“ESC”), representing certain Utility employees in the technical and engineering
classifications; and, the Service Employees International Union (“SEIU”),
representing certain Utility security officers at Diablo Canyon Nuclear Power Plant,
the following general wage increases were granted effective January 1, 2010:
IBEW Physical and Clerical classifications 3.75%
ESC classifications 3.75%
SEIU classifications 4.50%
The full annual cost of the above general wage increases is approximately $40.3
million.
9. State briefly the status of any materially important legal proceedings pending at the
end of the period and the results of any such proceedings culminated during the
period:
Refer to Note 15 of the Notes to Financial Statements on page 123, which discusses
materially important pending legal matters.
FERC FORM NO. 1 (ED. 12-96) Page 109.4